Glencore Mining News

Glencore to supply cobalt feedstock to restart First Cobalt refinery in Canada

Glencore said it will also evaluate providing a loan to fund the capital needs to restart the refinery, as the two companies look to speed up the restart.

Vedanta, KCM seek urgent Zambia talks, court appoints liquidator

The news has rattled foreign investors already nervous governments in central African countries are seeking a much bigger share of resource revenues.

Zambian president threatens Glencore, Vedanta with 'divorce'

The threat marks an escalation in tensions between the mining industry in Africa’s second-biggest copper producer and the state, after an increase in royalties and plans to introduce new taxes.

BHP to keep Nickel West, Rio looks to Jadar lithium for battery boom

The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology.

Top miners saw positive FY2018

Supported metal prices, debts being slashed, and production efficiency growth were the keys for the good performance.

Glencore's Zambian unit to close two shafts

Zambia's Mopani Copper Mines Plc plans to close two shafts and focus on essential capital projects, the Glencore-owned company said on Friday.

Australian junior Aurelia forgoes Glencore copper mine buy

The exploration and development company became the second Australian miner since April to back off from plans to buy the Glencore's CSA, in New South Wales.

Trading houses caught in crossfire of Russian oil contamination

Trading houses Vitol, Glencore and Trafigura are caught in the crossfire between Russian oil producers and Western buyers.

Norway's KLP fund cuts coal exposure

Norwegian pension fund manager KLP has sold $366m of bond and equity exposure in 46 companies, including leading miners BHP and Anglo American.

Glencore and IAMGOLD awarded by Mining Association of Canada

To be eligible for the awards, mining companies must be actively implementing the Towards Sustainable Mining (TSM) initiative.

Glencore lowers 2019 production forecasts for copper to oil

Glencore cut its full-year copper-output goal by about 3% and lowered production targets for other commodities from nickel to oil.

Australian junior Aurelia goes after Glencore copper mine

Aurelia Metals is in talks with the Swiss miner and commodity trader about a possible acquisition of CSA underground mine, which produced 48,000 tonnes of copper concentrate last year.

Glencore under CFTC investigation for possible violations

The US Commodity Futures Trading Commission (CFTC) is investigating whether the company may have violated certain provisions of the Commodity Exchange Act.

XPS, Frontier Lithium partner to pilot LiOH process

The joint project will be conducted in Canada and has commenced with a phase one bench-scale study.

JPMorgan ends a three-year bullish call on Anglo American shares

After almost three years of rating the mining giant’s stock as overweight, JPMorgan downgraded it to neutral on Wednesday.

Congo Republic ships first iron ore ahead of expected production boom

A ship loaded with 23,000 tonnes of ore set sail for China Friday, where it will be processed for a European buyer.

Nerves of steel are needed if iron rally is over: taking stock

The Stoxx Europe 600 is still stuck in a tight range as the earnings season is getting into full swing.

LME ready to address flaws in its metal storage rules

A problem has emerged in relation to the LME's "load-in and load-out" rules, which specify the tonnage that has to be shipped out when a queue to deliver metal is longer than 50 days.

Glencore Coal chief development officer named Katanga CEO

Jeff Gerard named to the top job, taking over from Danny Callow.

Rio Tinto warning may rupture mining industry into green and dirty

Rio Tinto's warning to mining lobby groups that they have to acknowledge the threat of climate change is likely a sign that the industry will inevitably fracture into two camps.

Australia's flood-damaged Mt Isa zinc railway to reopen April 29

The 1,000-km rail line is used by miners including Glencore, MMG Ltd and South 32 to carry zinc and lead concentrate.

Coal's collapse crowns winners and losers from China to the US

It’s been a stormy month for benchmark coal prices in Asia, with the potential for reverberations across the globe.

Chile´s Collahuasi copper mine expects to match 2018 record output this year – CEO

Last year the mine produced 560,000 tonnes of copper, placing it among Chile´s top three producing mines.

Is coal's slump overdone? Australia's resilient exports suggest maybe

There are some signs that the rapid decline in thermal coal prices in recent months has moved the market into oversold territory.

Investors with $10 trillion in assets pressure miners over tailings safety

The move is aimed at providing a tool for institutional investors to assess the risk from their holdings in mining companies.