Glencore Says About 1000 Roles Eliminated In The New Devolved Operating Structure
Glencore PLC 
GLEN:
GLENCORE - TARGETING SAVINGS ACROSS HEADCOUNT, ENERGY, CONSUMABLES, CONTRACTORS, MAINTENANCE AND ADMINISTRATIVE FUNCTIONS - PRESENTATION
GLENCORE - COST SAVING INITIATIVES EXPECTED TO BE FULLY DELIVERED BY END OF 2026, WITH OVER 50% ALREADY LOCKED IN FOR 2025
GLENCORE - ABOUT 1000 ROLES ELIMINATED IN THE NEW DEVOLVED OPERATING STRUCTURE
GLENCORE: INITIAL 2026 COPPER PRODUCTION GUIDANCE OF 930KT LOWERED TO 840KT (MID-POINT OF RANGE)
GLENCORE- RISING VOLUMES EXPECTED FOR COPPER FROM 2027
GLENCORE: RESTART CAPEX ESTIMATED AT C.$0.23BN FOR ALUMBRERA MINE
GLENCORE: FOR 2025 LOWER END OF INITIAL 850-910KT COPPER PRODUCTION GUIDANCE RANGE SHOULD BE MET – BUT DELIVERY HAS BEEN UNEVEN
GLENCORE- ZINC VOLUMES SEEN TO STEP DOWN WITH MINE DEPLETION, LOWER ANTAMINA PRODUCTION IN 2026F, THEN HOLD STEADY WITH ABOUT 720KTPA OVER 2026-2029
GLENCORE- STEADY PRODUCTION VOLUMES FOR ENERGY COAL ANTICIPATED OVER 2026-2029
GLENCORE- STEADY PRODUCTION VOLUMES ANTICIPATED FOR STEELMAKING COAL OVER 2026-2029
GLENCORE - EXCLUDING VARIOUS COPPER GROWTH PROJECTS, 2026F-2028F INDUSTRIAL CAPEX AVERAGE ABOUT $6.5BN PER YEAR