Glencore Mining News

All these Australian mines are reopening thanks to the rally in coal prices

Glencore has already restarted its Collinsville mine in Queensland and there are at least seven other coal operations set to resume production before year-end.

Glencore sells Australia coal rail unit for $874 million

With the deal, the Swiss group is only a step away from meeting chief executive Ivan Glasenberg’s target of $5bn in assets sales this year.

Zinc price rally may have gone too far

Current price could bring idled production back and bulky new projects are coming online soon.

Striking Bolivian miners lift roadblock after killing country’s deputy minister

Rodolfo Illanes (56) was kidnapped Thursday, tortured and beaten to death according to officials.

Glencore posts worst half-yearly profit since listing in London

Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.

McArthur River mine could cost up to $1B to remediate

The McArthur River mine in Australia is looking at a nine-figure clean-up bill, says a new report on one of the world's largest producers of lead, zinc and silver.

Bolivia sets high hopes on its lithium industry

The country began shipping lithium to China this week, in what is considered the first step towards fulfilling its ambitions to becoming the world’s No. 1 exporter of the commodity.

Chinese ban may breathe new life into zinc price rally

Beijing cuts off power to 26 mines in key Chinese zinc, lead production region.

Glencore tries to enforce its rights in Bolivia

Bolivia seized three of Glencore’s operations in nine years and the Swiss giant is now initiating arbitration proceedings against the South American nation.

Glencore can't find buyer to pay up for Lomas Bayas

Report says Swiss miner was unable to get the $500 million plus it wanted for the Chilean copper mine.

HP, Glencore, Syncrude linked to human right abuses from climate change

Companies responsible for the majority of fossil fuel products that have been manufactured, marketed, and sold since the industrial revolution and have contributed the lion’s share of cumulative global emissions of industrial CO2 and methane, have been ordered to respond to a legal petition that triggered the first-ever national human rights investigation concerning climate change.

Glencore to sell Australian coal train fleet within 3 months

It expects to fetch between $755 million to $1.1 billion for the nine trains, which carry coal from mines in NSW to port operations on Australia's eastern seaboard.

Gold price rally helps producers climb world’s top 25 mining companies list

Study shows there are more bullion miners among higher market capital ranking of mining companies in second quarter of 2016 than a year a go.

Chinese fund eyes Glencore gold mine in Kazakhstan

China’s state-backed Silk Road Fund is said to be considering a joint $2 billion bid with China National Gold Group for the Vasilkovskoye mine.

Glencore to sell option in Canadian gold mine

While Falco Resources fully owns the Quebec-based Horne project, Glencore has the right to buy back the 65% stake in the mine it inherited when it bought Xstrata.

Glencore: Massive investment in coal mines needed

Up to 1 billion tonne annual supply gap in seaborne coal by 2030 if no new mines are built according to climate change report by Swiss mining, trading giant.

Chinese miners eye Glencore’s Kazakh gold operation

Zhongjin Gold Corp., Shandong Gold Mining Co. and Zijin Mining Group Co. said to be among potential bidders.

Low coal prices force Glencore to shut Australia’s Tahmoor mine

About 350 people will lose their jobs when the mine closes in early 2019.

Glencore bids for Anglo American’s coal mines in Australia — report

Other firms interested in the mines include BHP Billion, South32 and X2, with varying reports as to which remain in contention.

Ivan Glasenberg's advice is buy not build, but rival miners aren't listening

Glencore's boss has consistently spanked his competitors for wasting and ultimately popping the now deflated long resources boom through a suicidal splurge on growth that took no account of demand and pricing.

Glencore buys major stake in troubled Aussie iron ore miner

It now owns 8.47% of Atlas Iron, which gives Glencore direct exposure to iron ore production.

Glencore mulling sale of gold mine in Kazakhstan

The company could rise $2 billion for offloading Vasilkovskoye, its largest gold mine.

Glencore’s Optimum coal now in hands of S. African’s President family

Tegeta Exploration & Resources Ltd., controlled by the Gupta family and South African President Jacob Zuma’s son, is the new owner of optimum coal.

Striking coal workers arrested after violent raid at Glencore's South African mine

Production at the Wonderfontein coal mine has been halted for three weeks after members of AMCU decided to down tools in March.

The end of the global diversified miner?

New report predicts mining's majors will increasingly move away from diversification strategies to concentrate on competitiveness in certain core sectors.