Why are Glencore shares falling?

Glencore shares slump Glencore’s shares have fallen 6% after it announced that the Serious Fraud Office is investigating “suspicions of bribery in the conduct of business” at the mining group.

Who owns George Fisher mine?

The George Fisher Mine is a mine located near Mount Isa in Queensland, Australia. It is one of the largest zinc, lead and silver mines in the world. The mine is located 20 kilometres (12 mi) north of Mount Isa in North West Queensland….George Fisher mine.

Products silver
Company Xstrata

Is Glencore on the ASX?

GLENCORE INTERNATIONAL PLC (ASX:ZGI) – Shares, Dividends & News – Intelligent Investor.

What happened Katanga Mining?

On June 4, 2020, Katanga Mining Limited (TSX:KAT) became a 100% Glencore group owned company and ceased to be listed on the Toronto Stock Exchange. On June 22nd, 2020, following Ontario Securities Commission’s order, the Company ceased to be a reporting issuer.

Is Glencore stock a buy?

Is Glencore a buy right now? 13 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Glencore in the last twelve months. There are currently 1 hold rating and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should “buy” Glencore stock.

What is Glencore doing in Zambia?

August elections Glencore temporarily halted copper mining Mopani in April 2020, prompting a threat by the Zambian government to suspend Glencore’s mining license. Zambia will now seek a new investor in Mopani, and will need about $300m to complete expansion projects started by Glencore.

How deep is Mount Isa Mines?

The Mount Isa copper mines complex in Queensland, Australia comprise two underground mines including the country’s deepest underground copper mine at an operating depth of more than 1,900m.

How deep is George Fisher mine?

The ore at George Fisher lies in the central part of the Lower Proterozoic Urquhart Shale. However, the mineralised section is only one-third the thickness of the Mount Isa ore zone, extending from 300m to 1,000m depth for 6.5km. It is more folded and more interrupted by faults and dykes.

Is Glencore listed in US?

Can I buy Glencore shares in the US? Investors cannot buy ordinary Glencore shares directly in the US.

Who owns Katanga Mining?

Glencore International AG
Katanga Mining/Parent organizations

How much money does Glencore pay to shareholders?

The FTSE 100 mining giant announced plans to pay out $4.1bn to shareholders after a record set of half year numbers. Glencore PLC (GLNCY) made it through our “Recent Price Strength” screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

What are Glencore’s core values in the DRC?

At our cobalt mining operations in the DRC, we have a culture that places safety first. For us, a focus on safety is part of our core commitments – discover more about how this focus translates into real measures and initiatives below: Safety is one of our core Values, and we never compromise on it.

What kind of cars does Glencore produce?

It will produce batteries for electric vehicles, with demand set to grow as the U.K. bans sales of new gasoline- and diesel-powered cars by the end of the decade.“This is a huge step in the right direction for Britishvolt,” Chief Executive Officer Orral Is Glencore PLC (GLNCY) Stock Undervalued Right Now?

What did Glencore do with britishvolt battery factory?

(Bloomberg) — Mining giant Glencore Plc acquired a stake in Britishvolt Ltd., allowing the U.K. battery maker to secure long-term supplies of key material cobalt.Britishvolt is building the U.K.’s first giant battery factory in northern England.