Glencore Investors to Glasenberg: Don’t Buy Anything Yet - News Summed Up

Glencore Investors to Glasenberg: Don’t Buy Anything Yet


LONDON—A year of debt cuts, asset sales and rising commodity prices have pulled Glencore PLC back from the brink of crisis. Now, the mining and trading giant’s shareholders have a new concern: That Chief Executive Ivan Glasenberg might return to his free-spending ways. Mr. Glasenberg spent much of the last decade as the commodities industry’s biggest deal maker, snapping up coal, copper and gold mines in places such as East Africa, South America and Australia. After a mounting debt pile and sagging commodities prices sent...


Source: Wall Street Journal August 17, 2016 08:48 UTC



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