|Bid||350.80 x 0|
|Ask||350.85 x 0|
|Day's range||349.40 - 359.77|
|52-week range||219.70 - 420.03|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||31.14|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
LONDON (Reuters) -Miner and trader Glencore said on Thursday it was in the process of selling 10 more assets, putting another 15 under review and considering acquisitions as it moves to refocus its portfolio on what it termed "commodities of the future". Glencore, which owns more than 150 operating sites, has sold seven assets so far, including some Bolivian zinc mines and a copper-gold mine in Australia. "Those assets that are not fit for purpose or subscale we would look to move out of our portfolio," Chief Executive Gary Nagle said, without identifying the assets he was referring to.
Coal has made Ivan Glasenberg a very wealthy man. It isn’t surprising, therefore, that the billionaire former boss of Glencore is against spinning off the miner’s coal assets.
Thermal coal is not only the most polluting fossil fuel, its prices have soared recently on the back of Chinese power shortages and a European gas squeeze. "Due to its coal business, Glencore is not an investible company for investors who place sustainability at the heart of their investment process," Bluebell said in a Nov. 8 letter to Glencore's top management.