PROFIT & LOSS

Glencore rakes in the cash

Despite some production drops, Glencore (LN:GLEN) matched or beat earnings expectations for the first half of 2017 and registered a profit of US$2.35 billion thanks to stronger commodity prices and previous cost-cutting.

Coal runnings: Glencore earned 157% more year-on-year from its energy division

Coal runnings: Glencore earned 157% more year-on-year from its energy division

The Switzerland-based mining and trading giant produced 642,900 tonnes of copper in the first half, 9% less, year-on-year, and 51,200t of nickel, a 10% drop on the first half 2016.  The production standouts...

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