Glencore accelerates debt reduction

SWISS resources giant Glencore has surprised on the upside with its debt reduction measures, with CEO Ivan Glasenberg saying it never wants to be back in this position.

Glencore accelerates debt reduction Glencore accelerates debt reduction Glencore accelerates debt reduction Glencore accelerates debt reduction Glencore accelerates debt reduction

The company increased its debt reduction target to $US13 billion from $10.2 billion after already locking in $8.7 billion since September.