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Glencore's African disconnect

Glencore’s upcoming investor day in early December is when CEO Ivan Glasenberg is expected to reveal more about the turnaround plan for the loss-making Africa copper operations that pummelled first half numbers. The business declared a loss of US$319 million against an $817 million contribution in the same period of 2018.

Glencore's African disconnect Glencore's African disconnect Glencore's African disconnect Glencore's African disconnect Glencore's African disconnect

Africa has an outsized importance within Glencore's portfolio as it illustrates the company's reputation for risk-taking and willingness to do business in jurisdictions where rivals fear to tread,