Advertisement
UK markets close in 28 minutes
  • FTSE 100

    7,963.47
    +31.49 (+0.40%)
     
  • FTSE 250

    19,892.08
    +81.42 (+0.41%)
     
  • AIM

    743.52
    +1.41 (+0.19%)
     
  • GBP/EUR

    1.1696
    +0.0027 (+0.23%)
     
  • GBP/USD

    1.2634
    -0.0004 (-0.03%)
     
  • Bitcoin GBP

    56,432.62
    +1,921.95 (+3.53%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,254.18
    +5.69 (+0.11%)
     
  • DOW

    39,779.98
    +19.90 (+0.05%)
     
  • CRUDE OIL

    82.62
    +1.27 (+1.56%)
     
  • GOLD FUTURES

    2,233.90
    +21.20 (+0.96%)
     
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • DAX

    18,494.00
    +16.91 (+0.09%)
     
  • CAC 40

    8,210.05
    +5.24 (+0.06%)
     

Glencore to go ahead with closure of some Optimum Coal operations

LONDON, July 1 (Reuters) - Global mining and trading company Glencore (Xetra: A1JAGV - news) said on Wednesday it would go ahead with its plan to close some operations at its Optimum coal assets in South Africa, which will result in the loss of 600-700 jobs.

"These operations are financially not viable in the current market conditions and ... there are no measures available to avoid the retrenchments," Glencore said in a statement. (Reporting by Silvia Antonioli; Editing by Mark Potter)