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Glencore, the global diversified miner and trader headed by SA-born billionaire Ivan Glasenberg, said it will cut capital expenditure by as much as a quarter during 2020 as it battles uncertainty during the Covid-19 pandemic.

The miner now expects capital expenditure to be in a range of $4bn (R72.5bn) to $4.5bn, having previously given guidance of $5.5bn...

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