ZANDI SHABALALA and JULIA PAYNE GLENCORE became the first major mining company to scrap its dividend, saying on Thursday the economic outlook was too uncertain because of the coronavirus pandemic and that it would prioritise cutting debt instead. The mining and commodities trading company said its net debt jumped 12% in the first six months of the year to $19.7 billion and that it was booking a $3.2 billion charge, mainly due to the broader economic fallout on its businesses from the pandemic. While its trading division's record $2 billion first-half operating profit helped boost overall adjusted earnings, the hefty…