Glencore Gets Relief from Stronger Prices, Ups Spending Plans
SUGAR LAND--February 24, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Following a long period of low commodity prices that often put its bottom line in the red, mining giant Glencore plc (Baar, Switzerland) enjoyed a pricing rebound in 2016 that returned it to positive territory and helped it slash debt. The company boosted its capital-spending outlook, buoyed in part by strong expectations for development in Africa. Industrial Info is tracking $12.9 billion in active projects involving Glencore.
Within this article: Details on Glencore's outlook for the coming year, including its capital spending plans in Africa, Canada and elsewhere.
