Glencore Reports $5 Billion Loss for 2015

- March 1st, 2016

Glencore (LSE:GLEN) reported a $5 billion loss for 2015, according to the Wall Street Journal, which makes last year one of the company’s worst ever performances. However, CEO Ivan Glasenberg was quoted as saying on a call with reporters, “Have we bottomed? I think so.”

Glencore (LSE:GLEN) reported a $5 billion loss for 2015, according to the Wall Street Journal, which makes last year one of the company’s worst ever performances. However, CEO Ivan Glasenberg was quoted as saying on a call with reporters, “Have we bottomed? I think so.”
As quoted in the publication:

Mr. Glasenberg’s upbeat remarks run counter to some other mining executives, who have said they continue to expect more pain in 2016. Glencore’s results put an exclamation mark on a dismal 2015 for which $32 billion of losses were reported by the world’s five largest independent miners—Glencore, BHP Billiton Ltd., Rio Tinto PLC, Vale SA and Anglo American PLC.

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