Davis’ X2 Resources has already built a war chest of almost $4 billion and is believed to be asking JPMorgan for US$8bn loan to back up a formal offer to BHP.
Glencore Xstrata Mining News
Glasenberg pulls off blockbuster Las Bambas deal
Chinese buyers cough up $6.3 billion in cool hard cash for massive Peru copper project indicating renewed confidence in prospects for the red metal.
Zambia miners can’t afford 29% power price hike — chamber
Mining companies in Zambia use about 68% of the country’s electricity, while less than a quarter of the population has access to it.
Chile’s mining area hit by 7.8 magnitude aftershock, President evacuated
The aftershock was the strongest of several that have followed Tuesday's massive 8.2-magnitude. Mining operations remain unaffected.
BHP Billiton mulls spinning off non-core divisions into $18bn firm
The separate company would be listed on the London Stock Exchange, as well as the Australian and South African markets.
Mick Davis scores $3.75 billion to build new mining empire
The former Xstrata boss is already hunting for mining deals.
Glencore Xstrata shutting Australia’s Ravensworth coal mine down
The miner blamed the decision on weak coal prices, high costs and a strong local dollar.
MMG confirms negotiations with Glencore over Las Bambas; no guarantee of agreement
This is the first statement in which MMG has confirmed its intention to buy Las Bambas.
MMG in halt on possible deal with Glencore Xstrata over Las Bambas
Las Bambas copper mine, located in Peru, is expected to fetch between $5 and $6 billion.
Glencore could agree sale of copper mine to Minmetals this week
Peruvian copper mine Las Bambas expected to fetch $5-6 billion.
Australia’s mining tax expected revenue continues to disappoint
It has raised a mere $232 million so far, as opposed to $4 billion originally forecast when the legislation was enacted in 2011.
Chile’s new mining minister to take the industry by surprise… or not
Aurora Williams, Chile’s new mining minister, takes office on Tuesday.
Glencore Xstrata logs $7.4bn net loss, eyes oil deal with Russia
Despite the gloomy results, the commodities giant revenues for the year jumped 9% to $232.6 billion
African, Chilean copper mines growth lift Glencore Xstrata output by 32%
This was the first production report since the Anglo-Swiss firm completed the acquisition of Xstrata last May.
Glencore Xstrata wants out of Philippine copper-gold project
Glencore has previously indicated that it has no interest in 'greenfield' projects.
Look who is almost ready to stage a comeback
This mining veteran "only" needs about $3 billion to start buying assets.
BHP, Glencore, Anglo to boost Chile’s copper output to a record 6 million tonnes this year
It’d be the first time Chile’s copper output exceeds the 6 million tonnes.
At least 26 killed in attack on Congo’s mining hub
The Mai Mai Kata Katanga separatist militia attacked the city of Lubumbashi, in the copper-rich southeast province of Katanga.
Glencore Xstrata raises stake in Africa's copper belt
The miner and commodities trading giant acquired an additional 14.5% interest in Mutanda, a copper mine in the province of Katanga, Congo.
Survey: 72% of miners see the global economy improving
Confidence levels in the sector have improved dramatically over the last 12 months, reaching a two-year high.
Las Bambas down to one major bidder, investors uneasy
Analysts question the remaining bidder's ability to finance the project.
Glencore Xstrata to invest $100 million in South Africa’s coal sector
The new developments are expected to supply nearly 60 additional million tonnes a year.
Rio Tinto making last job cuts of the year
Mining giant showed the door to an unconfirmed number of contractors at its Argyle diamond mine and is planning job cuts at its coal operations.
