Red-hot coal prices light up Glencore’s profit
Big rewards for Glencore shareholders as earnings grow 60%
15 February 2023 - 11:40
UPDATED 15 February 2023 - 22:40
Glencore enjoyed earnings growth of 60% in 2022, making a big chunk of the money from higher international coal prices and allowing it to shower investors with more than R120bn in cash dividend payouts and share buybacks.
The diversified miner and commodities marketer, which has a secondary listing on the JSE, increased coal output from its own mining activities by 7% to 110-million tonnes...
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