Glencore Sees More Iron Ore Tonnage In 2012; Eyes West Africa
06 3월 2012 - 5:38AM
Dow Jones News
Commodities titan Glencore International PLC (GLEN.LN) forecasts
securing more iron ore tonnage to trade this year and said it will
approach iron ore investment opportunistically.
"We've locked up a lot of tonnage in the third-party producers,
and our tonnage will increase...pretty well in 2012," Glencore's
chief executive, Ivan Glasenberg, told analysts on a call
Monday.
He said the company has had a good track record of developing
brownfield projects and also will consider greenfield
investments.
"Glencore will develop opportunistically and hopefully together
with Xstrata," he added. He said the company is looking at
different regions of West Africa where other iron ore producers are
seeking different ways to solve their problems.
-By Alex MacDonald, Dow Jones Newswires; +44 (0)20 7842 9328;
alex.macdonald@dowjones.com
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