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Delivering the company's half-year report, Glencore CEO Ivan Glasenberg said the company's performance in the first half reflected a challenging economic backdrop for its commodity mix, as well as operating and cost setbacks within its ramp-up/development assets. Adjusted EBITDA declined 32% to $5.6 billion. The company's African copper business did not meet expected operational performance. We have moved to address the challenges at Katanga and Mopani with several management changes as well as overseeing a detailed operational review, targeting multiple improvements to achieve consistent, cost-efficient production at design capacity, Glasenberg said.