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Search resuls for: "Clara Denina Muhammed Husain"


2 mentions found


☆ Glencore offers cash to Teck shareholders in play for deal support
  + stars: | 2023-04-11 | by ( Clara Denina Muhammed Husain | Clara Denina | Muhammed Husain | ) www.reuters.com   time to read: +3 min
Glencore latest offer is for Teck's shareholders to receive 24% of the combined metals group and up to $8.2 billion in cash for those who may not want exposure to thermal coal, which is the most polluting fossil fuel. Teck said its board will review and evaluate the offer, but nevertheless believes it is "largely unchanged" from the original bid. "The revised proposal does not provide an increase in the overall value to be received by Teck shareholders or appear to address material risks previously raised," Teck said in a Tuesday statement. "Getting Teck's Class A shareholders on board is a separate, more substantial challenge," LaFemina added. Reuters on Monday reported that Glencore Chief Executive Gary Nagle plans to meet with some of Teck's Canadian shareholders in Toronto on Thursday to personally lobby them for support.
☆ Anglo American to take $1.7 bln charge on British fertiliser mine
  + stars: | 2023-02-23 | by ( Clara Denina Muhammed Husain | Clara Denina | Muhammed Husain | ) www.reuters.com   time to read: +3 min
The group said estimated it would spend around $1 billion a year to bring the Woodsmith project in north-east England to production by 2027. The mine has the world's largest known deposit of polyhalite, a multi-nutrient fertiliser. It now expects first production from 2027, reaching around 5 million tonnes per annum by 2030, from a previous estimate of 2024 with output of 10 million tonnes a year in the initial phase. "And then depending on how we shape and develop the markets from there, we will expand it from the 5 million tonnes to the 13 million tonnes," Chief Executive Duncan Wanblad told reporters. ($1 = 0.8293 pounds)Reporting by Clara Denina; Editing by Vinay Dwivedi and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
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