Glencore PLC

Glencore Plc engages in the production and marketing of metal, mineral, and energy and agricultural commodities. The firm serves the automotive, steel, power generation, battery manufacturing, and oil sectors. It operates through the following segments: Marketing, Industrial, and Corporate and Other. The Marketing segment includes net sale and purchase of physical commodities, and provision of marketing and related value-add services. The Industrial segment deals with the sale of physical commodities over the cost of production and/or cost of sales. The Corporate and Other segment represents group related income and expenses. The company was founded in 1974 and is headquartered in Baar, Switzerland.

Glencore (LON: GLEN) share price continued recovering after publishing a strong trading statement on Friday. The shares were trading at 500, which was ~20% above the lowest point in March.

Glencore share price firms as it estimates bumper trading profits

Glencore PLC (LSE:GLEN) reported first quarter production was broadly in line with its expectations and left full year production guidance. In a statement, Chief Executive Officer Gary Nagle said the in line figures accounted for “portfolio changes and operational conditions, including the disposals/closures of some zinc and lead mines in the Americas during 2022.

Glencore reports first quarter production in line, holds guidance

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Two Barron's Annual-Roundtable, plus-two Bloomberg-Intelligence articles and one from InvestorPlace published late-January and April listed 119 stocks for 2023; 97 of-those were unduplicated US publicly-listed companies, of which 69 paid dividends.

19 Ideal April 2023 Barrons/Bloomberg/Investor Dividend Dogs

Teck Resources

Teck Resources has turned down yet another takeover offer from Glencore and urged shareholders to vote for its separation plan in a letter to investors on Wednesday. Teck wrote in the letter that Glencore's latest presentation and open letter included no changes from its previous offer, which the company has reviewed and rejected.

Teck Resources slams Glencore's latest takeover offer

Glencore's letter changes nothing Teck continues to recommend that shareholders vote FOR pending separation VANCOUVER, British Columbia, April 19, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today issued a letter to shareholders reaffirming the strong rationale for its pending separation and responding to Glencore's latest attempt to frustrate value creation for Teck shareholders. Glencore's opportunistic proposal hasn't changed – same low value, same flawed structure, same material execution risks Teck has previously engaged extensively with Glencore – for six months on essentially the same proposal – and repeatedly determined it is not in the best interest of Teck shareholders The choice for shareholders is clear: vote FOR Teck's separation plan to create the world's pre-eminent, pure-play base metals company with a greater array of value creating opportunities The full text of the letter is as follows: April 19, 2023 Dear Shareholders, A vote for the separation is a vote to create two world-class, pure play mining companies, providing both unparalleled exposure to a premier base metals platform and an attractive opportunity to remain invested in a high-quality, high-margin steelmaking coal business.

Teck Responds to Glencore's Latest Attempt to Frustrate Value Creation for Teck Shareholders

As predicted in these pages a few weeks ago, Glencore has now sweetened its offer for Teck. Previously, Glencore was simply offering to subsume Teck, as it has subsumed so many other miners, and then to spit out the combined coal assets of both companies into a new vehicle.

Glencore's latest move is about to reveal just how strategically significant Teck is

Glencore has upped the pressure on Teck management by offering to sweeten its deal further and stating it will make a hostile bid if the management of the Canadian miner won't engage in discussions. Switzerland-based Glencore's approach involves splitting both companies' coal interests from their metals businesses and into a new venture, CoalCo.

Glencore ups pressure on Teck with threat of hostile bid and improved offer

Glencore PLC GLEN, +1.84% said Wednesday that it would be prepared to consider improvements to its merger, demerger proposal for Teck Resources Ltd TECK, -1.13% . if its board were willing to engage with it, but would also be willing to go directly to its shareholders if not.

Glencore willing to consider improvements to Teck Resources proposal

Billionaire American/Canadian investor Robert Friedland issued a warning on Twitter Tuesday about the danger of letting Teck Resources get away. Rather than sell to the Swiss holding company Glencore, which is moving in with a $23 billion offer that could get even higher, the Ivanhoe Mines founder said plenty of Canadian investors — including himself — would be interested in getting involved in a potential Teck split.

Billionaire Robert Friedland pushes back against Glencore's attempted Teck takeover in Twitter thread

Introduction: We asked Proactive's mining analyst, Ryan Long, to take a look at Mink Ventures Corporation (TSX-V:MINK), which is exploring the potential of its strategic landholding in the Abitibi Belt of Ontario, Canada. The company's primary project, the Montcalm Nickel Project (map below), offers several promising aspects for investors.

Mink Ventures: Strategic landholding next door to Glencore's nickel project

The Swiss commodities giant has long argued that its thermal-coal assets worked better as part of a diversified miner. But its new bid for Teck Resources calls that contention into question.

Coal Is Too Hot to Handle---Maybe Even for Glencore

After a slow first quarter on the dealmaking front, mining M&A is well and truly ramping up as Teck Resources continued to rebuff Glencore PLC's takeover attempts this week, including a sweetened bid with a cash component. Teck on Thursday rejected the revised offer from Glencore and made changes to its proposed restructuring plan to allow for the earlier spinout of its metals and coal divisions into separate entities.

Mining M&A in the spotlight as Glencore persists with Teck takeover bid

(Kitco News) - Glencore made the bid for Teck after it announced plans to separate its coal business. Teck revised the restructuring plan, shortening the timeline to sever the two reorganized businesses.

Teck says no to revised Glencore propoal, shorten separation time

Teck Resources Limited said that it has rejected a sweetened bid from Glencore PLC (LSE:GLEN) and made changes to a proposed restructuring plan to allow for an earlier spinout of its metals and coal divisions into separate entities. Originally an all-share proposal, Glencore then revised its proposal and offered Teck's shareholders 24% of the combined metals group and up to $8.2 billion in cash for those who may not want exposure to thermal coal.

Teck Resources rejects sweetened Glencore bid yet again as it pushes for its own separation plan

The Canadian miner said its own plan to split into two independent companies was in the best interest of its shareholders.

Teck Resources Again Rebuffs Glencore's $23 Billion Approach

Glencore's sweetened bid for integrated miner Teck Resources is a “sound strategic move,” according to Canaccord analysts. Earlier this week, the commodities sweetened its offer to Teck Resource to make the Canadian group more amenable to its merger proposal.

Glencore's sweetened bid for Teck Resources makes it hard for shareholders to refuse - broker

(Kitco News) - Teck Resources (TSX: TECK.A and TECK.B) (NYSE: TECK) today confirmed that it has received a revised, unsolicited, non-binding proposal from Glencore plc, which would see that company acquire Teck.

Teck says Glencore's revised proposal does not provide increase in overall value to be received by shareholders

(Kitco News) - Teck is a diversified resource company with operations in Canada, the United States, Chile, and Peru, Teck produces copper, zinc, and steelmaking coal, as well as other metals, minerals, and energy products.

Glencore revises Teck deal

The commodities company said it would add a cash component to its roughly $23-billion merger proposal for the Canadian miner, as it seeks to cinch a deal that would create a copper giant.

Glencore Tweaks Bid for Teck Resources to Allay Coal Concerns

Glencore has sweetened its offer to Teck Resource to make the Canadian group more amenable to its merger proposal. Originally an all-share proposal, Glencore has now proposed an US$8.2bn cash element that it says effectively buys out Teck shareholders from the combination of the two companies' coal interests.

Glencore sweetens Teck proposal with cash for coal option

Newmont shares NEM, -1.83% slipped 2% in premarket trade after saying it's increased its non-binding indicative offer for Newcrest Mining NCM, +5.16% . The offer is 0.4 Newmont shares, plus it would allow Newcrest to pay a special dividend of $1.10 per share, that Newcrest says in total is worth A$32.87 per share, or A$29.4 billion ($19.6 billion).

Newmont and Glencore each modify their bids for mining rivals

Glencore PLC (LSE:GLEN) advanced along with other mining stocks today and broker Jefferies has been assessing the likelihood of its move for Tech succeeding along with the FTSE 100-listed company's options should it not. The broker puts the probability of success in Glencore's plans to merge with Teck at less than 50%.

Glencore remains good value with or without Tech

Glencore (LON: GLEN) stock price has wavered in the past few days as investors focus on the ongoing Teck Resources acquisition drama. The stock jumped to a high of 484.65p on Tuesday, the highest point since March 9 after Teck rejected the company's offer.

Glencore stock: blurry vision as Teck Resources stands fim

Glencore Plc Chief Executive Gary Nagle plans to meet with some of Teck Resources Ltd's Canadian shareholders in Toronto this Thursday to personally lobby them for support of Glencore's proposed takeover of the copper and zinc miner, according to a source who was invited.

Exclusive: Glencore CEO to meet Teck shareholders in Toronto in bid for deal support

Teck Resources Ltd (TSX:TECK.B) CEO Jonathan Price has spurned a takeover offer from Glencore PLC (LSE:GLEN) that would value the Vancouver company at a 20% premium over market value. Price called the $23.1 billion proposal “structurally flawed” and a “complete nonstarter” over concerns that the deal would crater shareholder value by hanging the company's coal resources out to dry.

News for Glencore PLC Stock (GLNCY)