Glencore Mining News

Top Glencore executive quits Katanga board after accounting lapse

Katanga, which operates cobalt and copper mines in the DRC, said Aristotelis Mistakidis, Liam Gallagher and Tim Henderson had tendered their resignations.

Glencore, Canadian teachers close to launch mining royalty firm

The Swiss commodity giant is reportedly finalizing a $700-million deal with the Ontario Teachers’ Pension Plan to create a new base-metals royalty vehicle.

South Africa's NUM says coal strike to begin on Nov. 19

The planned strike in the coal sector could affect power supply in Africa's most industrialized economy, as about 85 percent of electricity is generated from the fossil fuel.

Sibanye-Stillwater reaches wage deal with unions at Kroondal mine

The three-year wage agreement was signed by all three unions, the company said.

Glencore extends lockout at Australia coal mine as talks stall again

Glencore has extended a lockout of 190 workers at Oaky North mine in eastern Australia for a further two weeks.

Glencore's big Congolese bet carries plenty of risk

Journalists shed more light on Glencore's activities in Congo, including 2009 loan to entity affiliated with controversial Israeli billionaire Dan Gertler.

Sibanye-Stillwater shuts down Cooke gold mine, about 7,000 laid off

Company said it would keep its Beatrix West gold mine running for as long as it makes a profit, on average, over any continuous period of three months.

More than 2,000 miners sacked at Sibanye’s Cooke gold mine

Miners who received a termination letter will hold a mass meeting at the mine Wednesday morning.

Glencore raises marketing guidance, lowers output

In third-quarter production report, Glencore lowered its output guidance for copper, zinc and coal but said full-year earnings would not suffer.

Glencore gains approval to buy into Rusal's Ukrainian alumina plant

As a result of the permits, Glencore can acquire shares in companies Aluminium of Ukraine and Guardon Ukraine.

Sibanye scraps planned closure of loss-making South African mines

Precious metals miner said its platinum group metals (PGM) operations had delivered "solid operational results" in the first-half of 2017, prompting an upward revision to its 2017 production forecast and a downward revision to guided costs.

Glencore to spend $956M to increase stake in Peru's largest zinc producer

The company will pay between $531 million and $956 million depending on the offer's level of acceptance by Volcan shareholders.

Sibanye-Stillwater Blitz project begins production ahead of schedule

Mine is expected to generate about 300,000 ounces annually by late 2021/early 2022, increasing total PGM production from Sibanye’s operations in the US by more than 50%.

Glencore strikes multi-year purchase deal with Angola LNG

Angola LNG said the deal was another step toward building its sales book with the most important players in the LNG market.

Congo's Gecamines to set new rules on mining proceeds

New controls aims at holding the company's partners, including Glencore, China Molybdenum and Ivanhoe, accountable in copper and cobalt projects

South Africa's NUMSA union demands 15 percent wage hike in coal sector

The National Union of Metalworkers of South Africa (NUMSA) has demanded Glencore raise coal mining wages by 15 percent.

Copper, iron ore price drops bring mayhem to mining stocks

Is the industrial metals and steelmaking raw materials rally at en end?

China invests $9.1 billion in Rosneft as Glencore, Qatar cut stakes

Deal boosts energy cooperation between Moscow and Beijing.

Canada’s Trevali among world’s top zinc producers with Glencore mines buy

Acquisition makes of the Canadian miner one of the few multi-asset, low-cost global zinc producers.

Sibanye halts divvy for first time as it swings to loss

The miner, South Africa’s largest gold producer, said that in the absence of a dividend, it’ll give investors two new shares for every 100 held.

Glencore to offload second coal mine in Australia in less than three months

Decision comes as the Swiss-based miner and commodities trader rethinks how to deploy capital as its cuts debt.

Glencore's Zambian unit says investments at risk due to power issues

Power has been restricted due to a dispute over new, higher tariffs.

Glencore's Zambian unit may shed 4,700 workers on power shortages

Mopani Copper Mines, Glencore's Zambian unit, said on Tuesday it may lay off nearly 5,000 workers due to a dispute with its electricity supplier over prices that has led to reduced power supply to its […]

Zinc prices hit decade-high on shrinking Chinese stockpiles

Metal traded above $3,000 per tonne on the LME for the first time since November 2007.

First Quantum mines in Zambia also affected by power supply cuts

Zambia's state power company made the decision amid an ongoing dispute over the implementation of new electricity tariffs in the country.