Tuesday 3 March 2015

Otmane El Rhazi : Marketing hoists Glencore over low commodity price hurdle

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



Diversified major Glencore has managed to scale the low commodity price hurdle with significant help from its marketing arm. The London- Hong Kong- and Johannesburg-listed company, which produces and markets 93 commodities, went against the grain with its surging agricultural business yielding timeously and funds from operations of $10.2-billion in line with 2013 reflecting a resilient operating performance.

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