Glencore starts trading in Australia

Glencore’s depositary interests began trading on the ASX on 14 October, opening at A$11.44 and closing at A$11.23. The group, worth about $88bn, already trades in London and Johannesburg and hopes to join the S&P/ASX 200 within a year.

Why it matters. Where a miner lists shapes who owns it and the multiple it trades on. Glencore is courting Australian investors who pay up for copper exposure.

Source

Business Day

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Module 5: Valuing a mine