Glencore

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.

Iron ore war: BHP to be cheapest supplier, Glencore says it’ll hurt Africa

Cecilia Jamasmie | October 6, 2014
Iron ore war: BHP to be cheapest supplier, Glencore says it’ll hurt Africa

While BHP gets ready to further expand iron ore output, Glencore's Glasenberg warns the move will make investing in African iron ore a less appealing prospect.

Zambia tells Glencore mine closure, lay-offs ‘illegal’

Cecilia Jamasmie | October 6, 2014
Zambia tells Glencore mine closure, lay-offs ‘illegal’

Zambia’s mines minister says the company has not officially communicated the government its intentions as required under the country's law.

Former Barrick chief buys Iamgold mine

Cecilia Jamasmie | October 3, 2014
Former Barrick chief buys Iamgold mine

This is the first asset Aaron Regent's private equity firm acquires, after failing to buy Glencore’s Las Bambas copper project in Peru.

Glencore now idles zinc mine in Zambia over tax refund row

Cecilia Jamasmie | October 3, 2014
Glencore now idles zinc mine in Zambia over tax refund row

The company is cutting 169 jobs at the mine.

Glencore halts copper projects in Zambia over tax row

Cecilia Jamasmie | October 1, 2014
Glencore halts copper projects in Zambia over tax row

The standoff marks a major setback for the miner, which is in the process of upgrading its copper assets in Zambia hoping to increase output by at least 50% by 2017.

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.

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