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Glencore reinstates dividend as 2020 net debt drops

JOHANNESBURG, Feb 16 (Reuters) - Glencore on Tuesday reinstated its dividend after net debt fell by 10% in its full-year 2020, helped by surging commodity prices in the second half

The commodities trader and miner which scrapped its dividend in August last year after a first-half loss amid the COVID-19 pandemic, said it is recommending a distribution of $0.12 per share. (Reporting by Helen Reid and Zandi Shabalala; Editing by Kirsten Donovan)

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