Glencore tries to trim borrowings again and again

MINEX Forum | August 24, 2016 | Views: 350
Image: Glencore widened its debt-reduction target by $500 million and plans to trim net borrowings to as low as $16.5 billion by year-end, it said in a statement Wednesday. The shares dropped as much as 5.2 percent as lower raw-material prices cut first-half profit by 66 percent. Still, a recent rebound in coal and zinc will ...

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