Glencore Mine Boss Seized at Zambian Airport Spells Trouble [Yahoo! Finance News]
GLENCORE PLC UNSP/ADR (GLNCY)
US:NASDAQ Investor Relations:
glencore.com/investors
Company Research
Source: Yahoo! Finance News
) -- Nathan Bullock was about to fly home to his family in Australia when authorities blocked his exit at Zambia’s Lusaka airport, bundled him into a police car, and drove him six hours through the night back to the mine he manages. Police later camped outside his home.Bullock is at the center of a rapidly deteriorating row between the southern African nation’s government and Glencore Plc, the world’s biggest commodity trader. The conflict flared last week when Glencore said it was temporarily closing its giant Mopani mines as they hemorrhaged cash following a collapse in the copper price. Zambia said Glencore didn’t follow the proper legal procedures and threatened to cancel its mining licenses.The stakes are high for both parties. Zambia, heavily dependent on copper revenues, is on the brink of a debt crisis. For Glencore, it’s the latest headache at its African copper and cobalt assets. Spanning the copper belt that stretches north into the Democratic Republic of Congo, the mines a
Show less
Read more
Impact Snapshot
Event Time:
GLNCY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GLNCY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GLNCY alerts
High impacting GLENCORE PLC UNSP/ADR news events
Weekly update
A roundup of the hottest topics
GLNCY
News
- Vale Base Metals and Glencore Canada agree to evaluate development of Sudbury copper deposits [Yahoo! Finance]Yahoo! Finance
- Neometals secures conditional grant for VRP1 in Pori, Finland [Yahoo! Finance]Yahoo! Finance
- Glencore (OTCMKTS:GLNCY) had its "overweight" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
- Glencore (OTCMKTS:GLNCY) was downgraded by analysts at Sanford C. Bernstein from a "strong-buy" rating to a "hold" rating.MarketBeat
- Glencore (OTCMKTS:GLNCY) was downgraded by analysts at Berenberg Bank from a "strong-buy" rating to a "hold" rating.MarketBeat