Glencore to cut output, jobs at copper, cobalt mine in Congo - WSJ [Reuters]
GLENCORE PLC UNSP/ADR (GLNCY)
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Source: Reuters
Glencore to cut output, jobs at copper, cobalt mine in Congo: WSJ | Reuters 1 Min Read (Reuters) - Glencore Plc is planning to cut production at one of its largest copper and cobalt mining operations in the Democratic Republic of Congo, the Wall Street Journal reported, citing sources on Tuesday. The output cut is likely to be temporary as the company looks for new ways to mine copper, the report said. The company also plans to lay off about 2,000 employees, mostly contractors, at the Mutanda mine in the Katanga province, the report said, citing people familiar with the matter. Glencore declined to comment to a Reuters request for comment. Reporting by Arathy S Nair in Bengaluru; Editing by Arun Koyyur All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Glencore to cut output, jobs at copper, cobalt mine in Congo: WSJ (Reuters) - Glencore Plc is planning to cut production at one of its largest
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