Back The Guardian Departing Glencore chief reinstates $1.6bn dividend despite $1.9bn loss
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16 Feb 1:44pm

Departing Glencore chief reinstates $1.6bn dividend despite $1.9bn loss

The Guardian
Ivan Glasenberg, who will step down after 20 years, reinstates dividend after strong finish to 2020 Mining veteran Ivan Glasenberg delivered his final financial results as chief executive of Glencore by reinstating a dividend of $1.6bn (£1.15bn) for shareholders, despite reporting a net loss of $1.9bn for last year. Glasenberg will step down after 20 years as boss of the mining firm this June after a difficult 2020 in which Glencore was forced to scrap its $2.1bn dividend in August and write down the value of its assets by $5.9bn.
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