Big payday for Glencore shareholders after coal bonanza delivers record profits
The miner and trader has announced plans for a special dividend of $0.11 per share, amounting to $1.45bn, alongside a new $3bn share buyback
04 August 2022 - 14:00
UPDATED 04 August 2022 - 17:36
A coal earnings boom during the first half of 2022 will not lure diversified miner and commodity trader Glencore to deviate from its long-term plans to ramp down coal mining and achieve net-zero carbon emissions by 2050.
Glencore reported record profits for the first half of this year, one of the big winners from the energy crisis and volatility in commodity markets due to the war in Ukraine...
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