#10 Snapshot Into Glencore Troubles
of 13
/13
-
Author
commtathya-commodity-advisory -
Category
Economy & Finance
-
view
210 -
download
1
Embed Size (px)
Transcript of #10 Snapshot Into Glencore Troubles
#10 Snapshot Into Glencore Troubles
#1 Glencore is World’s Largest Miner With Market Cap of $16.3 Bln (as of 5th Oct 2015)
06/10/2015
#2 Glencore Has Net Debt of $30 blnof Which $18 bln Is Short Term Capital
06/10/2015
#3 Glencore Borrowed Huge Capital At Interest Rate Higher Than Prevailing Rates
06/10/2015
#4 China Demand For BasemetalsSlowing Since 2012
06/10/2015
#5 Every 10% Drop In Copper Prices Pulls Down Earnings By $1.6 bln
06/10/2015
#6 Glencore Shutdown Copper Mines of Capacity 400,000T
06/10/2015
#7 Sold Off Zinc Inventories Worth $2.5bln To Pay-off Part Of Its Debt
06/10/2015
#8 The Company Has Debt Obligation of
• $350 mln 6% bond maturity on Oct. 15• $1.25 billion of 1.8% notes that fall due Oct. 23
06/10/2015
#9 Glencore Stocks Have Plunged More Than 80% Since May 2015
06/10/2015
#10 If Commodity Prices Stays Lower For Longer Period, Glencore Credit Ratings Might Be Cut To Junk Status
06/10/2015
Source - CommTathya Research Desk- Thomson Reuters
Mumbai Address 128, A. R. Street, 2nd FloorNear Mandvi PO, Mumbai, Maharashtra. Pin - 400003Telephone : +91 22 6060 0889
Nagpur Address 1st Floor, Nikalas Business Centre, Maharajbagh Road, Ramdaspeth, Nagpur, Maharashtra. Pin - 440010Telephone : +91 712 2422939
website : www.commtathya.com
