Glencore shoots lights out, mulls divi top-up, reaffirms South Africa

Diversified mining and marketing company Glencore shot the lights out with a superlative set of 2017 results that coincided with a leap in its share price in Johannesburg, the reaffirmation of South Africa as an even more positive investment destination, and the mulling of a dividend "top up" later in the year. The benefit of higher commodity prices and cost containment pushed up mining margins within the London- and Johannesburg-listed company’s metals and energy operations, pushing up cash flow from operations to $11.6-billion on net debt of $10.7-billion.