BUZZ-Glencore: Rises; Jefferies sees minimal EBITDA hit from Congo mine accident [Reuters]
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: Reuters
BUZZ-Glencore: Rises; Jefferies sees minimal EBITDA hit from Congo mine accident - Reuters 1 Min Read ** Glencore Plc shares up 2.2%, recovering slightly after dropping ~5% after a mine accident on Thursday ** At least 41 artisanal miners were killed on Thursday when part of a copper and cobalt mine owned by Glencore collapsed in southeast Congo, the provincial governor said ** “The tragedy was arguably beyond Glencore’s control as illegal artisanal miners have been entering its properties in the DRC and mining indangerous areas despite warnings from local mining companies of the risks of these activities,” Jefferies said ** “We do not believe this incident will materially impact its EBITDA, we are concerned about the risk of additional safety iss
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News
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- Cobalt Prices Spike as Congo Export Halt Rattles Supply Chain [Yahoo! Finance]Yahoo! Finance
- Cobalt prices spike as Congo export halt rattles supply chain [BNN Bloomberg (Canada)]BNN Bloomberg
- Congo Halts Cobalt Exports for Four Months Amid Glut [Yahoo! Finance]Yahoo! Finance