LSE:GLENMetals and Mining
Glencore Balances Securitized Oil Trading With Rising Cerrejon Coal Pressures
Glencore (LSE:GLEN) has launched a large trade receivables securitization program for its oil and gas commodity business, involving multiple leading financial institutions.
The company is also being urged by the Colombian government to start negotiations over the closure of the Cerrejon coal mine.
Both developments point to significant financing and regulatory themes that could shape Glencore's future commodity trading and mining footprint.
For readers following global resources stocks,...