Glencore says remains 'operationally and financially robust'

Glencore says remains 'operationally & financially robust'

(Reuters) – Mining & trading company Glencore said on Tuesday its business remained "operationally & financially robust" & it was confident of the medium & long-term fundamentals of its commodities.

"Glencore has no debt covenants & continues to retain strong lines of credit & secure access to funding," a company spokesperson said in a statement.

Glencore shares fell to a record low on Monday over concerns it was not doing enough to cut its debt to withstand a prolonged fall in global metals prices.

(Reporting by Olivia Kumwenda-Mtambo; Editing by Ed Cropley)

Source: “Reuters”