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LON100:GLEN, Jan 20, 12:40 UTC

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Thursday, January 18


News

Libya sets 2018 oil contracts, Glencore keeps Sarir/Messla grades

GLEN TRI

One source familiar with the matter said Libya's state oil firm National Oil Corp (NOC) had allocated its 2018 crude and that the contracts would be signed next week. Jan 18 (Reuters) - Glencore is keeping the marketing rights for the Sarir and Messla crude grades for a third year even though BP and Shell are returning to lift Libyan oil in a sign the country's industry is perceived as becoming more reliable, sources said. Since the end of 2015, Glencore has been the sole marketer of the Sarir and Messla grades, which are produced in the east of the country and exported via the Hariga port. It was not immediately clear when the refinery would resume operations or what would happen to Glencore's allocation once it does.

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News

JP Morgan Cazenove Maintains Glencore PLC (LON:GLEN) As "Overweight"; Has PT Of GBX 470.00; 12 Analysts Covering QVC Group (QVCA) - Key Gazette

GLEN QVCA

FBR Capital maintained QVC Group (NASDAQ:QVCA) on Friday, August 12 with “Outperform” rating. FBN Securities upgraded QVC Group (NASDAQ:QVCA) on Wednesday, January 3 to “Buy” rating. Credit Suisse maintained Glencore Plc (LON:GLEN) rating on Thursday, February 25. Credit Suisse has “Outperform” rating and GBX 130 target. JP Morgan maintained Glencore Plc (LON:GLEN) on Friday, February 26 with “Overweight” rating.

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Glencore (GLEN) Price Target Raised to GBX 450 at Barclays

BARC GLEN

Glencore (GLEN) Price Target Raised to GBX 450 at Barclays – TrueBlueTribune. Glencore (LON:GLEN) had its target price boosted by analysts at Barclays from GBX 400 ($5.42) to GBX 450 ($6.10) in a research note issued to investors on Monday, January 8th. Finally, restated a “buy” rating and set a GBX 420 ($5.70) target price on shares of Glencore in a research note on Monday, October 30th. Goldman Sachs Group set a GBX 400 ($5.42) target price on shares of Glencore and gave the stock a “buy” rating in a research note on Wednesday, October 18th.

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Wednesday, January 17


News

LiCo Energy Metals - Intersects 8.42% Co Over 0.30 Metres on the Glencore Bucke Property

GLEN

As reported on the Company's November 30th, 2017 news release, LiCo has recently completed its 2017 diamond drilling program on its Teledyne and Glencore Bucke Properties completing a total of 32 diamond drill holes, drilling 4,100 m of core. " On the Glencore Bucke Property, the Company has completed a total of 21 diamond drill holes totaling 1,900 m, testing the Main and Northwest zones. The Company has an option to earn 100% ownership, subject to a royalty, in the Teledyne Project located near Cobalt. Strategically, the Glencore Bucke Property consists of 16.2 hectares and sits along the west boundary of LiCo's Teledyne Cobalt Project.

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News

Herro Cashes In Some Glencore Profits But Still Sees More Gains

GLEN

Herro Cashes In Some Glencore Profits But Still Sees More Gains. “It still has significant upside,” David Herro, chief investment officer of Harris Associates LP, said in a Bloomberg Television interview from Chicago. Read more: Miners seeking third year of gains hope this time it’s different. Herro said he now owns just under 4 percent of the Swiss trader and miner, down from close to 9 percent in 2015. Glencore has surged more than fivefold in the past two years, jumping 12 percent in the past month alone.

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U.S. approval to close Glencore's HNA deal seen by end-June: sources

GLEN

LONDON (Reuters) - Swiss trader and miner Glencore expects to secure U.S. approval by the end of June on the U.S. portion of a deal to sell a 51 percent stake in its storage and logistics business to China's HNA Group, sources familiar with the matter said. Glencore agreed in March to sell the stake in its petroleum products storage and logistics business for $775 million to HNA Group subsidiary HNA Innovation Finance Group Co, which specializes in commodities, logistics and investment services. A senior HNA Innovation executive told Reuters on Tuesday that the firm would not chase U.S. deals in 2018 partly due to Washington's increased scrutiny. CFIUS, which scrutinizes deals for potential threats to U.S. national security, has toughened its stance on the sale of U.S. companies to Chinese buyers, blocking deals in sensitive industries and putting others through a prolonged review.

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News

LiCo Energy Metals - Intersects 8.42% Co Over 0.30 Metres on the Glencore Bucke Property

GLEN

As reported on the Company's November 30th, 2017 news release, LiCo has recently completed its 2017 diamond drilling program on its Teledyne and Glencore Bucke Properties completing a total of 32 diamond drill holes, drilling 4,100 m of core. " On the Glencore Bucke Property, the Company has completed a total of 21 diamond drill holes totaling 1,900 m, testing the Main and Northwest zones. The Company has an option to earn 100% ownership, subject to a royalty, in the Teledyne Project located near Cobalt. Strategically, the Glencore Bucke Property consists of 16.2 hectares and sits along the west boundary of LiCo's Teledyne Cobalt Project.

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Monday, January 15


News

Glencore Shrinks Job of Billionaire Copper Head Amid Congo Probe

GLEN

Glencore Shrinks Job of Billionaire Copper Head Amid Congo Probe. Glencore Plc reduced the role of its billionaire head of copper, Aristotelis Mistakidis, shaking up the business after a review in the Democratic Republic of Congo raised questions about accounting and management. Prices for cobalt have tripled in the last two years and Glencore, already the world’s biggest producer, wants to double production by 2019. The shift in management structure brings the copper operations into line with Glencore’s other commodity businesses -- including zinc, nickel, coal and ferralloys -- that have separate heads of marketing and industry. A review by Katanga led to a restatement of its financial reporting, and a commitment from Glencore to restructure the management of its own copper business.

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Sunday, January 14


News

Glencore (GLEN) Rating Reiterated by Liberum Capital

GLEN

Goldman Sachs Group set a GBX 400 ($5.42) target price on Glencore and gave the stock a buy rating in a research report on Wednesday, October 18th. Barclays reissued an overweight rating and issued a GBX 400 ($5.42) target price on shares of Glencore in a research report on Monday, September 25th. Finally, reissued a buy rating and issued a GBX 420 ($5.70) target price on shares of Glencore in a research report on Monday, October 30th. Macquarie reissued an outperform rating on shares of Glencore in a research report on Wednesday, October 18th.

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UBS Group Reiterates GBX 380 Price Target for Glencore (LON:GLEN) – The Lincolnian Online

GLEN

UBS Group Reiterates GBX 380 Price Target for Glencore (LON:GLEN) – The Lincolnian Online. Glencore (LON:GLEN) has been assigned a GBX 380 ($5.15) target price by equities research analysts at UBS Group in a research note issued to investors on Tuesday, December 19th, www. Morgan Stanley set a GBX 347 ($4.71) price objective on shares of Glencore and gave the company a “neutral” rating in a research report on Tuesday, September 26th. Liberum Capital downgraded shares of Glencore to a “sell” rating and increased their price objective for the company from GBX 285 ($3.86) to GBX 300 ($4.07) in a research report on Thursday, October 26th.

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