Glencore Guts Spending, Sells Copper Assets as Mining Market Stays Stuck in the Pits

SUGAR LAND--August 25, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--A rally in commodity prices late in the first half of 2016 wasn't enough to put global mining company Glencore plc's (Baar, Switzerland) earnings in the black, and the company is continuing to push a debt-reduction plan that involves paring back capital spending. Once known for its wide-ranging acquisitions, Glencore has no major asset purchases in the works. Capital expenditures stood at $1.6 billion, about 51% lower than the first half of 2015. Industrial Info is tracking $16.62 billion in active projects involving Glencore. Within this article: Details on some of the highest-valued Glencore projects and their current statuses, including the top copper, coal and nickel projects.