Glencore posts first loss in four years
Weak commodity prices, exposure to coal and ongoing investigations weigh on the global miner
18 February 2020 - 11:42
Global mining and trading giant Glencore, which is headed by SA-born billionaire Ivan Glasenberg, posted its first loss in four years in the face of weaker commodity prices.
For the year ended December 2019, the company, which counts coal, copper, nickel and zinc among its key commodities, swung into a net loss of $400m (R6bn), compared with a profit of $3.4bn in 2018...
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