Glencore Mining News

Australia flooding to disrupt lead, zinc concentrate rail shipments

The 1,000 km (620 mile) rail line is used by miners including Glencore, MMG Ltd and South 32 to carry zinc and lead concentrate from the Mt Isa region.

Colombia coal output likely to hold steady in 2019, companies say

The Andean nation is the world's fifth-largest exporter of coal.

Glencore cuts workers at Congo copper and cobalt mine

The layoffs come as Glencore considers a plan to stop mining oxide ores at Mutanda.

Glencore's Zambian unit suspends operations after three workers die in fire

Mopani is one the biggest mining companies in Zambia -- Africa's No. 2 copper producer.

Glencore says heavy rain disrupts operations at two Australian coal mines

Major flooding has caused parts of Queensland to be declared disaster zones, resulting in two casualties and more than 1,100 evacuations.

Glencore keeps 2019 guidance after copper, cobalt output jumps

Production of cobalt, used in batteries for EV's, reached 42,200 tonnes in 2018 while copper hit 1.453 million tonnes.

Glencore nears $500m deal to buy iron ore from Brazil's CSN – sources

CSN is aiming to reduce debts that piled up after an iron ore and steel price rout in 2015-2016 and a severe recession in Brazil, prompting investors to demand asset sales.

Lithium and cobalt – what to look for in 2019

While lithium spot prices moved only one way in 2018, cobalt experienced more of a rollercoaster ride.

Small group of Prodeco's Colombia coal port workers to vote on strike

It is improbable that a strike would have an impact on total exports.

Mining companies turn to digitalization to improve efficiency — WoodMac

We expect more companies to unveil energy transition blueprints in 2019.

Glencore tightens grip on Congo mining unit as scrutiny sharpens

Glencore tightened its grip by appointing new executives and entering a management services contract to run its troubled Congo copper and cobalt unit.

Mining’s biggest jobs are up for grabs. Here are the contenders

Some of the mining world’s top executives are starting to plan their departures.

Glencore loses exclusive rights to major Libyan oil grades

Glencore lost exclusivity on Messla and Sarir.

BHP, Rio, Vale stock bested Apple, Google, Facebook in 2018

It's been a tough year for mining, but the Big 3 were still a better investment than the FAANGs in 2018.

Miners are budgeting for a recovery in copper

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

Zambia tax hike to make most mines unprofitable, group says

The effective tax rate will range from 86% to 105%, with about 27,900 jobs at risk - Zambia Chamber of Mines.

Copper price falls despite China's promise of more 'economic miracles'

Industrial metal prices tumble as President Xi's defiant speech intensifies trade war fears, offer little on economic stimulus or market reforms.

Global Witness welcomes Canadian regulator ruling on Glencore-controlled company and executives

Glencores Katanga Mining has today agreed to pay $22 million to settle allegations by Canadian regulators that it had failed to comply with disclosure requirements,

Mitsubishi kisses thermal coal goodbye, sells Aussie mines

Japan’s biggest trading house is selling its 31.4% stake in Clermont coal mine to a 50-50 joint venture between Glencore and Sumitomo Corp, and its 10% stake in Ulan coal mine to Glencore.

Glencore's Katanga says it agreed settlement in Canadian probe

A settlement over an investigation into its accounting, the two sides said, without disclosing the terms of the settlement.

Canadian regulator to fine Glencore-controlled miner over Congo -WSJ

The expected settlement is related to the company’s business activities in the Democratic Republic of Congo between 2014 and 2016.

Australian rail workers postpone coal haulage strikes as cyclone looms

Aurizon's 4 major railways in the Bowen Basin of Queensland, the world's largest coking coal export region, carry coal from mines owned by BHP Billiton , Glencore , Anglo American and Peabody Energy.

Vale, Glencore team up to explore near Sudbury

A joint approach could allow for resources to be unlocked that would likely not otherwise be productive - Ricus Grimbeek, COO, Vale’s North Atlantic Operations and Asian Refineries

Brazil prosecutors say Petrobras received bribes from Glencore, Trafigura and Vitol

Prosecutors said the companies bribed employees at Petrobras, as the Brazilian state oil company is known, to the tune of $15.3 million between 2009 and 2014.

Glasenberg eyes successor as Glencore readies new generation

Glasenberg, a workaholic, straight-talking South African who has become the public face of the commodity trading industry, has led Glencore for nearly two decades.