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 Mining News
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.
Current price could bring idled production back and bulky new projects are coming online soon.
Rodolfo Illanes (56) was kidnapped Thursday, tortured and beaten to death according to officials.
Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.
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.
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.
Beijing cuts off power to 26 mines in key Chinese zinc, lead production region.
Bolivia seized three of Glencore’s operations in nine years and the Swiss giant is now initiating arbitration proceedings against the South American nation.
Report says Swiss miner was unable to get the $500 million plus it wanted for the Chilean copper mine.
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.
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.
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.
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.
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.
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.
Zhongjin Gold Corp., Shandong Gold Mining Co. and Zijin Mining Group Co. said to be among potential bidders.
About 350 people will lose their jobs when the mine closes in early 2019.
Other firms interested in the mines include BHP Billion, South32 and X2, with varying reports as to which remain in contention.
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.
It now owns 8.47% of Atlas Iron, which gives Glencore direct exposure to iron ore production.
The company could rise $2 billion for offloading Vasilkovskoye, its largest gold mine.
Tegeta Exploration & Resources Ltd., controlled by the Gupta family and South African President Jacob Zuma’s son, is the new owner of optimum coal.
Production at the Wonderfontein coal mine has been halted for three weeks after members of AMCU decided to down tools in March.
New report predicts mining's majors will increasingly move away from diversification strategies to concentrate on competitiveness in certain core sectors.