Glencore to return $4bn to shareholders as earnings surge
Core profit rose 84% in 2021, allowing the group to more than double its dividend and proceed with share buybacks
15 February 2022 - 10:03
UPDATED 15 February 2022 - 15:02
Diversified miner Glencore says robust demand for metals and energy resulted in record core profit in 2021, putting the group in a position to return $4bn (R60bn) to shareholders.
Adjusted earnings before interest, taxation, depreciation and amortisation (ebitda), or core profit, jumped 84% to $21.3bn in the group’s year to end-December, buoyed by record prices for key minerals, notably thermal coal and liquefied natural gas...
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