Mining giants BHP and Glencore both reported earnings on Tuesday, both announcing billions of U.S. dollars of payback to shareholders as energy and metals commodities rally. Glencore reported a net income attributable to equity holders of $5.0 billion for 2021, compared to a loss of $1.9 billion for 2020, amid “multi-year or record high prices for many of our commodities” last year.
The high income allowed Glencore to announce a total of $4.0 billion of shareholder returns, including a recommended $3.4 billion ($0.26 per…BHP, Glencore To Return $11 Billion To Investors As Commodity Prices Soar
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