Glencore

Rio Tinto, Glencore could save $500m by joining coal businesses

Cecilia Jamasmie | September 30, 2014
Rio Tinto, Glencore could save $500m by joining coal businesses

It would also create a a 15-kilometre long ‘‘super pit’’ from the union of Rio’s Mount Thorley Warkworth and Glencore’s Bulga open-pit mines.

Zambian chamber urges gov't to speed up tax refunds for miners

Cecilia Jamasmie | September 25, 2014
Zambian chamber urges gov't to speed up tax refunds for miners

The business group argues the sector must be nurtured to generate the revenues needed for the country’s economic diversification.

What will Ivan buy next? Take 2

Frik Els | September 18, 2014
What will Ivan buy next? Take 2

"All that's required is to hand the world’s best mining assets to the world’s best management."

Business leaders call for greater global support against Ebola outbreak

Cecilia Jamasmie | September 8, 2014
Business leaders call for greater global support against Ebola outbreak

A group of 11 chief executives of firms operating in West Africa have called for more international support to combat the deadly virus.

Glencore’s Dominican mine saved by the President

Cecilia Jamasmie | September 3, 2014
Glencore’s Dominican mine saved by the President

President Danilo Medina vetoed bill creating a National Park, which would have blocked the expansion of Glencore's Falcondo mine.

Australia kills unpopular mining tax

Cecilia Jamasmie | September 3, 2014
Australia kills mining tax

The decision is considered a key political victory for Prime Minister Tony Abbott.

Zambia removes tax rules on copper exports, makes refunds easier

Cecilia Jamasmie | September 3, 2014
Zambia removes tax rules on copper exports, makes refunds easier

Rule requiring exporters to produce import certificates from destination countries in order to claim tax refunds will be waived beginning Sept. 8.

Vale, Glencore break off Canada nickel talks

Frik Els | September 2, 2014
Vale, Glencore break off Canada nickel talks

Nickel prices have surged this year, making rationalization and cost-cutting in the Sudbury basin less urgent.

Glencore’s Dominican mine in limbo after national park plan approved

Cecilia Jamasmie | August 29, 2014
Glencore’s Dominican mine in limbo after national park plan approved

The country’s legislators approved this week a ruling that declares the region surrounding the mine a national park, affecting Glencore's ability to expand it.

Less than 2% of Peru’s total mining concessions are active

Cecilia Jamasmie | August 28, 2014
Less than 2% of Peru’s total mining concessions are active

Around 15,000 of the total 55,000 licences in effect risk fines and even losing all privileges over the land.

Botswana blocks at least 100 copper trucks from Congo over Ebola fear

Cecilia Jamasmie | August 28, 2014
Botswana blocks at least 100 copper trucks from Congo over Ebola fear

The vehicles, en route to South Africa, have been stranded in neighbouring Zambia since Monday.

Chinese investment to make Peru world’s second-largest copper producer

Cecilia Jamasmie | August 27, 2014
Chinese investment to make Peru world’s second-largest copper producer

Chinese backers are now behind one-third of all Peru’s new mining investments by value.

Zambia to ease tax rules on copper exports

Cecilia Jamasmie | August 26, 2014
Zambia to ease tax rules on copper exports

Good news for the country's copper miners that have been seeking more than $600 million in unpaid tax refunds.

Glencore 'wants to develop Guinean projects quickly'

Frik Els | August 6, 2014
Glencore 'wants to develop Guinean projects quickly'

A leaked presentation suggests Glencore is very serious about developing one of mining's richest prizes – West Africa's vast Simandou iron ore deposit.

Accusations of Glencore-Zambia tax probe cover-up

Frik Els | August 4, 2014
Accusations of cover-up of Glencore-Zambia tax probe

The European Investment Bank will not make public the findings of a 2-year tax-avoidance investigation into the Swiss giant's Zambian copper operation.

Glencore, ArcelorMittal seeking stake in Simandou: report

Cecilia Jamasmie | July 31, 2014
Glencore, ArcelorMittal said to seek a stake in Simandou

They would be going for the northern portion of the massive iron ore deposit, seized from Israeli billionaire Beny Steinmetz and mining giant Vale in April.

Coal exporters not backing down despite glut; could China enter the market too?

SNL Energy | July 30, 2014
Coal exporters not backing down feat

No signs of production slowdown in major coal-exporting countries.

Itochu, Sumitomo seek to sell Glencore stake

Jeffrey Richmond | July 22, 2014
itochu, sumitomo seek to sell glencore stake feat

Move comes amid commodity price downturn.

China's MMG board grants undivided approval for $5.85bn Las Bambas buy

Cecilia Jamasmie | July 21, 2014
China's MMG board grants undivided approval for $5.85bn Las Bambas buy

Las Bambas will be one of the world’s largest copper mines after it starts up in 2015, with annual output equivalent to more than twice the amount of copper MMG currently produces.

Slow growth spoiling China’s appetite for coal

Cecilia Jamasmie | July 14, 2014
Slow growth spoiling China’s appetite for coal

In the first half of 2014, the country’s coal imports grew just 0.9%, compared with 13.3% a year earlier.

Glencore smashes claims it paid zero tax in Australia over last three years

Cecilia Jamasmie | July 3, 2014
Glencore smashes claims it paid zero tax in Australia over last three years

In an email to staff the company's coal chief executive, Peter Freyberg, revealed details of tax payments.

Australia losing 75,000 mining jobs in next two years

Cecilia Jamasmie | July 2, 2014
Australia losing up to 75,000 mining jobs in next two years

Cuts will occur because the sector is switching from the job-heavy construction stage to the operational phase, which requires fewer workers.

Frik Els

Chinese M&A: Watch out for Las Bambas effect

Frik Els | June 29, 2014
Copper M&A: Watch out for Las Bambas effect

China's 'Order 9' makes it much easier for domestic companies to make acquisitions abroad.

Glencore said to be eyeing Simandou North

Frik Els | June 27, 2014
Glencore said to be eyeing Simandou North

Glencore has little exposure to iron ore and the commodity has long represented the bulk of profits at the Swiss-based company's diversified peers.

Glencore appoints Canadian as its first ever female director

Cecilia Jamasmie | June 26, 2014
Glencore appoints Canadian as its first female director

Patrice Merrin, 65, is a veteran to the industry.

'No hurry' in Vale-Glencore talks over Canadian combination

Frik Els | February 23, 2014
'No hurry' in Vale-Glencore talks over Canadian combination

Brazil's Vale said over the weekend talks with Glencore over combining their Canadian operations continue, but no deal is likely "early this year."

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