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Glencore closes some operations in four countries over coronavirus curbs

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03/26/2020 | 10:59am EDT
The logo commodities trader Glencore is pictured in Baar

Glencore PLC on Thursday halted a number of smaller mines due to government restrictions to curb the spread of the coronavirus but added its larger operations were not materially impacted.

The London-listed company said it would shutter its oil operations in Chad, some coal and ferroalloys operations in South Africa and Colombia, as well as nickel and zinc mines in Canada.

"To date, our larger operations have not been materially impacted, however a number of our smaller assets have had to restrict or stop operations," the miner said in a statement.

Glencore joins peers such as Anglo American, Antofagasta, Codelco and Teck Resources in temporarily closing or slowing some operations, hitting global supply of commodities.

To slow the spread of the virus, South Africa and Colombia installed nation-wide quarantines this week that will run until mid-April, while Quebec province in Canada ordered non-essential businesses to close.

(Reporting by Aby Jose Koilparambil in Bengaluru and Zandi Shabalala in London)

Stocks treated in this article : Antofagasta, Anglo American plc, Glencore
Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLC 2.14% 1925 Delayed Quote.-11.41%
ANTOFAGASTA PLC -0.22% 985.2 Delayed Quote.7.66%
GLENCORE PLC 1.07% 175.38 Delayed Quote.-25.48%
GOLD 0.00% 1798.3 Delayed Quote.18.89%
LONDON BRENT OIL 0.00% 42.875351 Delayed Quote.-35.88%
NEXT PLC 0.36% 4717 Delayed Quote.-32.79%
THE GLOBAL LTD. -3.30% 205 End-of-day quote.-56.48%
THE NEW HOME COMPANY INC. 2.16% 3.31 Delayed Quote.-28.97%
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