A Trusted Data Source for Supply & Demand Side Intelligence

Forgot your login?

Enter the e-mail address you used when you registered an account with IIR Energy.

A message will be sent to the E-Mail Address found in our records containing the associated username(s) as well as instructions for a password reset.

E-Mail:
Also, what is 21 + 3?

Glencore Slashes Full-Year Capex to $6 Billion as Prices, Market Conditions Pummel Bottom Line

Glencore Slashes Full-Year Capex to $6 Billion as Prices, Market Conditions Pummel Bottom Line

SUGAR LAND--August 20, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Mining and commodities company Glencore plc (LSE:GLEN) (Baar, Switzerland) was hit with a perfect storm of problems in the first half of 2015 as it endured substantially weaker prices for virtually all of the commodities in which it trades; global markets, particularly in China, proved to be hostile territory; and it faced about $30 billion in net debt, the largest of any mining major. Executives vowed to keep up the effort to reduce capital spending. Industrial Info is tracking more than $17.5 billion in active projects involving Glencore.

Within this article: Details on Glencore's quarter and projects, including massive capital-expenditure reductions and two large projects that are part of the Sudbury Mining Operation in Ontario.

Login or Register for Instant Access

Subscribe Now!

(All Fields Required)