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    market news

    Glencore Reports H1 Profit of $2.47 Billion

    Investing News Network
    Aug. 25, 2011 09:11AM PST
    Base Metals Investing

    CNBC reports Glencore International PLC (LON:GLEN) had a first-half profit of $2.474 billion, beating expectations and raising its share price.

    CNBC reports Glencore International PLC (LON:GLEN) had a first-half profit of $2.474 billion, beating expectations and raising its share price.

    The market news is quoted as saying,

    Glencore on Wednesday announced it was bidding about 270 million Australian dollars ($283 million) to assume full control of Australian nickel miner Minara, offering AU$0.87 per share for the 27 percent stake it doesn’t already own.

    For the complete market news, click here.

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