Glencore reaches key milestones for its Canadian nickel project
Completion of the deep-level shaft and initial ore body access mark critical steps toward production expected in 2027.
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Diversified natural resources company
glencore.comLast updated
In short: Glencore reported an 86% surge in first-half earnings to $10.1 billion and announced plans for a secondary listing in Australia.
Completion of the deep-level shaft and initial ore body access mark critical steps toward production expected in 2027.
Group Adjusted EBITDA reached $10.1 billion, marketing Adjusted EBIT rose 142% to $3.3 billion, and the company announced a $500 million share buyback and a special cash distribution.
The return of capital is US$0.085 per share, payable in multiple currencies on 3 June 2026.
The report outlines progress on health, safety, environment, communities, human rights, and tailings management. Chairman and CEO highlight achievements and ongoing commitments. An ESG Data Book is also published.
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