Information from an inside source says that fund managers expect to collect up to $ 1.5 billion from the sale of future supplies of metals against advances
The next part in Glencore PLC plan to reduce its debt. Likely to be realized with the method of fundraising called "Streaming", which became a popular metal production companies in need of cash, and is a sign of the increasing pressure on the industry.
The heads of Glencore, including chief executive Ivan Glasenberg said at a meeting with fund managers in New York on Wednesday that the company expects to raise between $ 1 billion and $ 1.5 billion of "Streaming"
E.Dimitrov
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