News
18 February 2020

Glencore posts first annual loss in four years as impairments bite

In:
Metals and Mining
Region:
Europe

Glencore has reported its first annual net loss since 2015 after writing down $2.8 billion in coal, oil and copper assets.The impairments mainly related to the closure of its African copper operations, which suffered from low cobalt prices, the expiry of licenses in its Chad oil operations and weak...

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