Glencore

Miners back to work at Peru’s Antamina copper mine

Cecilia Jamasmie | December 15, 2014
Miners back to work at Peru’s Antamina copper mine

This was the second time that Antamina’s workers down tools in about a month over demands for a bonus and other benefits.

BHP moves away from iron ore to focus on new darling: copper

Cecilia Jamasmie | December 11, 2014
BHP moves way from iron ore to focus on new darling: copper

Forget iron ore for now, the world’s largest mining company is making a bold bet on copper.

New strike hits Peru's largest copper mine

Cecilia Jamasmie | December 11, 2014
New strike hits Peru's largest copper mine

Unionized workers at Antamina downed tools at midnight Wednesday.

Turn a 200kt copper surplus into 1.6mt deficit in 3 easy slides

Frik Els | December 10, 2014
Turn 200kt copper surplus into 1.6mt deficit in 3 easy slides

Glencore says 2015 supply forecasts are way too optimistic and the Swiss commodities giant has the charts and tables to prove it

Walsh: My 'amazing' Rio turnaround 'will be a Harvard case study'

Frik Els | December 5, 2014
Sam Walsh: My Rio turnaround 'will be a Harvard case study'

Rio Tinto CEO credentialing ahead of another round with "combative" Ivan Glasenberg.

Glencore's massive Canadian Donkin coal mine sold to U.S. firm

Cecilia Jamasmie | December 4, 2014
Glencore's massive Canadian Donkin coal mine sold to U.S. miner

News feeds long-standing hopes of a mine reopening and job generation in the impoverished area.

Rio Tinto-Glencore a ‘poor match’: Sam Walsh

Cecilia Jamasmie | December 4, 2014
Rio Tinto-Glencore a ‘poor match’: Sam Walsh

Walsh emphasized Rio was not planning any major acquisition to protect itself from a potential takeover by the commodity trader and miner rival.

Copper hits 4-year low in New York

Cecilia Jamasmie | November 28, 2014
Copper hits 4-year low in New York

End of strike at Peru’s biggest copper mine and weaker oil prices drove Dr. Copper goes to the ICU.

Rio Tinto cuts spending, defers capex, keeps dividend

Cecilia Jamasmie | November 28, 2014
Rio Tinto cuts spending, defers capex, keeps dividend

The mining giant said it was committed to giving significantly more money back to shareholders in 2015 despite a severe drop in iron ore prices.

Analyst: Glasenberg could grab Rio by way of China

Frik Els | November 26, 2014
Analyst: Glasenberg could grab Rio by way of China

By promising top shareholder Chinalco, Rio's stakes in Oyu Tolgoi and Simandou.

Strike at Peru's top copper mine not hurting output: firm

Cecilia Jamasmie | November 18, 2014
Strike at Peru's top copper mine not hurting output: miner

But unionized workers insist on claiming that Antamina's output would likely drop by at least 90%.

Adani lines up $1bn for Australia’s Carmichael coal complex

Cecilia Jamasmie | November 18, 2014
Adani lines up $1bn for Australia’s Carmichael coal complex

The mine and rail project in Queensland's Galilee Basin is expected produce 60 million tonnes of thermal coal a year.

Glencore shutting Australian coal mines over Christmas

Cecilia Jamasmie | November 14, 2014
Glencore shutting Australian coal mines over Christmas

The move will cut the miner's output by 5 million tonnes — 2.5% of Australia's forecast 2014 thermal coal exports — and force about 8,000 workers to take a leave.

Glencore’s coal output up 9% as prices touch 5-year low

Cecilia Jamasmie | November 4, 2014
Glencore’s coal output up 9% as prices head to 5-year low

The company is defying coal price slump with increased production driven by expansions at its Australian mines.

Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

Cecilia Jamasmie | October 23, 2014
Analyst: Glasenberg could grab Rio by way of China

The move is seen by analysts as an attempt to strengthen the firm’s image.

Hundreds strike at Glencore’s coal mine in South Africa

Cecilia Jamasmie | October 20, 2014
Hundreds strike at Glencore’s coal mine in South Africa

Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.

Chile’s copper exports down 21% in August

Cecilia Jamasmie | October 16, 2014
Chile’s copper exports down 21% in August

The drop was mainly due to reduced shipments from Codelco and Collahuasi, official figures show.

BlackRock blames Ebola for London Mining mess

Frik Els | October 15, 2014
Guinea on national emergency over Ebola, mining operations threatened

And the rapid fall in the iron ore price, the Sierra Leone miner's dispute with Glencore and the slow rampup. But especially Ebola.

Australia, Brazil to control 90% of global iron ore trade by 2020

Cecilia Jamasmie | October 15, 2014
Australia, Brazil to control 90% of global iron ore trade by 2020

Despite iron ore prices touching rock bottom, the top three producers have no plans to slowdown production. Quite the contrary.

First Quantum warns Zambia tax hike will cost jobs, investment drop

Cecilia Jamasmie | October 14, 2014
First Quantum warns Zambia tax hike will cost jobs, investment drop

The miner, Zambia's largest foreign investor, operates Kansanshi mine, the eighth largest copper mine in the world, as well as the country's biggest.

Zambia launches major overhaul of mining tax, increases royalties

Cecilia Jamasmie | October 10, 2014
Zambia launches major overhaul of mining tax, increases royalties

Underground mining royalties will go up from 6% to 8%; underground taxes now 20%.

Glencore considered Australia listing: report

Cecilia Jamasmie | October 9, 2014
Glencore considered Australia listing: report

The commodities trader and miner explored a stock-exchange listing Down Under.

Iron ore war: Rio Tinto ‘not standing still’ over BHP’s production boost

Cecilia Jamasmie | October 9, 2014
Iron ore war: Rio Tinto ‘not standing still’ over BHP’s production boost

The head of the iron ore division, Andrew Harding, defens Rio's own plans to ramp up ore production.

Rio Tinto’s $3.7bn Mozambique coal business sold for $50m

Cecilia Jamasmie | October 8, 2014
Rio Tinto’s $3.7bn Mozambique coal business sold for $50m

Transaction marks the end of a dreadful venture for the mining giant.

Glencore doesn't give up on Rio Tinto, seeks to create largest mining company

New York Times | October 8, 2014

It’s good to be Ivan Glasenberg’s neighbour.

'No discussion taking place with Glencore': Rio Tinto

Michael Allan McCrae | October 6, 2014
lundin mining rio tinto eagle mine two

Preferring to "successfully execute" alone.

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