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Stock impact report

Storm Off Australia's Northern Coast Set to Bring Heavy Rainfall [BNN Bloomberg (Canada)]

GLENCORE PLC UNSP/ADR (GLNCY) 
US:NASDAQ Investor Relations: glencore.com/investors
Company Research Source: BNN Bloomberg
The slow-moving tropical low is expected to bring strong to gale-force winds and heavy rainfall to parts of the Gulf of Carpentaria Thursday night into Friday, according to a notice from the Bureau of Meteorology. On Friday, the storm is likely to move southwest to the Gulf of Carpentaria coast before moving inland on Saturday. Over the weekend into next week, it's expected to move over central Northern Territory into northern Western Australia, the bureau said. The storm is expected to pass near Glencore Plc's open cut McArthur River zinc and lead mine in the Northern Territory. The site is currently operating normally, according to spokesman Francis De Rosa. It comes just days after a severe storm in Victoria, the second-most populous state, left more than half a million people without power, with lightning and strong winds damaging the electricity network. Meanwhile, Queensland state is still struggling to recover from tropical cyclones Kirrily and Jasper, which unleashed wi Show less Read more
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