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...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Report
25 November 2025

Tides turn on SLLs in commodity finance

The 2025 edition of TXF’s annual Commodity Finance Research Report is now available. It reflects the views of a market that has been bruised by disruptions to trade: cautious,...

Perspective
27 November 2025

TXF Dealmakers 2025: Top takeaways

The main themes - including decarbonisation and political volatility - have been echoed in TXF’s earlier events. But the sense of urgency about transformations to economies...