Glencore

MMG to begin pre-extraction at Las Bambas despite copper rout

Cecilia Jamasmie | January 29, 2015
MMG to begin pre-extraction at Las Bambas despite copper rout

The firm expects production at Ferrobamba, one of the four deposits that make up Las Bambas project, to start early next year.

Glencore mulls shutting down South African coal mines, lay offs

Cecilia Jamasmie | January 28, 2015
Glencore mulls shutting down South African coal mines, lay offs

The miner, one of the biggest exporters of South African coal, may re-open those operations if economic conditions improve.

Zambia’s new leader to keep polemic mining tax

Cecilia Jamasmie | January 26, 2015
Zambia’s new leader to keep polemic mining tax

Newly elected President Edgar Lungu wants to keep mining royalties at 20%, as opposed to the 6% companies were paying a month ago.

Glencore likely to slash spending on coal, oil — HSBC

Cecilia Jamasmie | January 20, 2015
Glencore likely to slash spending on coal, oil — HSBC

The global miner and commodities has estimated spending on oil projects for this year and next of $2 billion and $1 billion on coal expansions.

Most copper producers in Zambia losing money — Chamber of Mines

Cecilia Jamasmie | January 19, 2015
Most copper producers in Zambia losing money — Chamber of Mines

The situation may soon change, as authorities have began talks with the country’s top miners, signalling the possibility of a compromise over the country’s new tax regime.

Former Barrick Gold chief the new owner of Iamgold’s Niobec mine in Quebec

Cecilia Jamasmie | January 16, 2015
Former Barrick Gold chief the new owner of Iamgold’s Niobec mine in Quebec

This is Aaron Regent’s first acquisition since founding Toronto-based Magris Resources.

Freeport, Glencore lead stocks bloodbath driven by copper collapse

Cecilia Jamasmie | January 14, 2015
Freeport, Glencore lead stocks bloodbath driven by copper collapse

Copper tumbled Wednesday to fresh six-year lows, dipping below $5,500 a tonne. Stocks in miners of the industrial metal are getting hammered.

Massive Canadian Donkin coal project now property of U.S. miner

Cecilia Jamasmie | January 13, 2015
Massive Canadian Donkin coal project now property of U.S. miner

The project is sitting on one of the largest undeveloped coal deposits in North America,

Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto

Cecilia Jamasmie | January 7, 2015
Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto

The miner believes that while the market is oversupplied now it will tighten from 2018.

Glencore resumes production at Aussie coal mines

Cecilia Jamasmie | January 5, 2015
Glencore resumes production at Aussie coal mines

The three-week suspension aimed at battling a global oversupply of the commodity.

Zambia won’t reverse mining royalty hike

Cecilia Jamasmie | December 30, 2014
Zambia won’t reverse mining royalty hike

Move will leave up to 12,000 jobless and it is likely to sour the already fractious relationship between the government and mining companies.

Peru environmental agency gets tougher on miners

Cecilia Jamasmie | December 30, 2014
Peru environmental agency gets tougher on miners

The move aims to expedite the processing and sanction of pollution cases.

The top mining mergers and acquisitions of 2014

Cecilia Jamasmie | December 29, 2014
The top mining mergers and acquisitions of 2014

The deals that were and those that failed. Here is MINING.com’s shortlist.

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.

More »