Glencore plc Mining News

Katanga Mining resumes cobalt exports from DRC

The company produced about 930 tonnes of contained cobalt since January through interim operational solutions.

A million tonnes of copper is on the way: it may not be enough

Giant mines currently under construction will churn out an additional one million tonnes of copper through 2023, but that won’t be enough.

Jamaica's mining revival turns red earth to gold for hedge funds

Investors are benefiting from a panicked realization across the aluminum industry that the supply chain is fragile.

Argentina mining gets Macri boost as tough election looms

Argentina is eyeing its first major new mining project in two decades, nudged forward by President Mauricio Macri’s market-oriented policies.

Eskom's Molefe 'stonewalled' Glencore ex-CEO says

Nedbank Ltd. estimates that corruption, maladministration and bad policies shaved $33.9 billion off the nation’s GDP between May 2014 and February 2018.

Coal's perfect storm rattles home to $50B new projects

It’s been a tough few weeks for Australia’s coal industry.

The $32 trillion pushing fossil fuel CEOs to act on climate

Business forces are now aligning on climate change in ways that will reshape energy and mining for years to come.

Zambian finance chief holds firm on higher mining royalties

“There is no renegotiation taking place because a law has been passed in parliament to change the tax regime."

Chile monthly copper output highest in 13 years

Ore grades and efficient processing increase output in the world's top producer of the red metal.

Chile's Collahuasi aims to extend output at copper mine with $3.2B project

The project at Collahuasi is one of the world's largest copper mines, with an estimated 2018 production of 545,000 tonnes.

Miners are budgeting for a recovery in copper

Don’t listen to what miners say. Look at what they do.

Glencore billionaire among directors banned, fined by Canada

The punishment from the OSC is a response to false accounting from Katanga that saw it overstate how much it mined in the Democratic Republic of Congo in 2014.

China's GEM is said to stop buying cobalt from Glencore

Last week Glencore warned that some buyers in China reneged on contracts after seeing prices plunge, forcing the company to renegotiate the commercial terms of the deals.

Big coal wants consumers to pay for fixing its pollution problem

"CCS is a get-out-of-jail card and a great business opportunity,” - Michael Liebreich, founder of Bloomberg NEF research group.

Cobalt's star fades for Glencore traders as customers renege

From riding high on cobalt’s boom, Glencore Plc traders are feeling the heat as falling prices and reneged contracts put a dent in profit.

Congo triples levy on cobalt with strategic-minerals decree

Congo is Africa's top copper producer and mines more than 60 percent of the world's cobalt

Mining industry leadership set for changing of the guard

Boards are pushing for candidates with gender and age diversity.

Congo opposition reneging on unity boosts Kabila protege

Kabila’s anointed successor in power would raise the risk of instability in a key supplier of the metals used in electric vehicles and mobile phones.

The real cash cow in mining isn't metals. It's bad old coal

For all the bullish talk about metals of the future, miners are making some of their biggest profits from heavy-industry stalwart coal.

Greece shortlists Glencore and Vitol in Hellenic Petroleum majority stake sale

Greece has shortlisted Anglo-Swiss Glencore and Swiss Vitol to submit a binding bid for a majority stake in the country's biggest oil refiner Hellenic Petroleum

Smelting constraints make zinc's price plunge look overdone

Expectations for a rise in zinc concentrate supplies in coming years have driven down the metal price to one-year lows, but smelting capacity constraints suggest the sell-off is premature.

Glencore announces $1 bn share buyback days after probe

Glencore Plc will buy back as much as $1 billion of its shares, a move that may soothe investor concerns after the world’s top commodity trader was hit by a U.S. Department of Justice probe earlier this week.