Glencore to return $4.5 billion to shareholders

2022.08.04 09:26

FILE PHOTO: The edge of Glencore’s Mount Owen coal mine and adjacent rehabilitated land are pictured in Ravensworth, Australia, June 21, 2022. Picture taken June 21, 2022. Picture taken with a drone. REUTERS/Loren Elliott

(Reuters) – Miner and trader Glencore (OTC:GLNCY) said on Thursday it would return $4.5 billion to investors, after it reported half-yearly profit that more than doubled.

The group’s adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $18.92 billion in the six months to June, compared with $8.7 billion a year earlier.

($1 = 0.8235 pounds)

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