Good news for the country's copper miners that have been seeking more than $600 million in unpaid tax refunds.
A leaked presentation suggests Glencore is very serious about developing one of mining's richest prizes – West Africa's vast Simandou iron ore deposit.
The European Investment Bank will not make public the findings of a 2-year tax-avoidance investigation into the Swiss giant's Zambian copper operation.
They would be going for the northern portion of the massive iron ore deposit, seized from Israeli billionaire Beny Steinmetz and mining giant Vale in April.
No signs of production slowdown in major coal-exporting countries.
Move comes amid commodity price downturn.
Las Bambas will be one of the world’s largest copper mines after it starts up in 2015, with annual output equivalent to more than twice the amount of copper MMG currently produces.
In the first half of 2014, the country’s coal imports grew just 0.9%, compared with 13.3% a year earlier.
In an email to staff the company's coal chief executive, Peter Freyberg, revealed details of tax payments.
Cuts will occur because the sector is switching from the job-heavy construction stage to the operational phase, which requires fewer workers.
China's 'Order 9' makes it much easier for domestic companies to make acquisitions abroad.
Glencore has little exposure to iron ore and the commodity has long represented the bulk of profits at the Swiss-based company's diversified peers.
Patrice Merrin, 65, is a veteran to the industry.
Brazil's Vale said over the weekend talks with Glencore over combining their Canadian operations continue, but no deal is likely "early this year."
Anglo American takes a leaf from Glencore's book, sets up trading and logistics division set to contribute $400m to profits within two years.
China's third largest steelmaker Wuhan Iron & Steel now also out of the running, leaving no serious bidders for pricey Iron Ore Company of Canada.
The company's head of aluminum, Gary Fegel, is set to leave the company this summer.
The unconfirmed news came as a surprise for analysts as Fegel was reconfirmed in the post only weeks ago.
The newly combined company’s stock price rose over 4%
New deadline for completion is May 2.
The number of global deals has fallen to its lowest level since 2005.
The results add to the recent list of a dreadful reporting season from major miners, such as Rio Tinto and Anglo American.
Mergers and acquisitions in the sector fell 30% last year and will continue to be low in 2013.
The world’s largest commodities trader said more details about the pending deal will be revealed on Tuesday. Meanwhile, it faces claims of supplying Iran with key ingredients for the manufacture of tubes used in uranium enrichment centrifuges.
The move would drop the number of FTSE 100 with all-male boards to five.
The miners joint production numbers released by Glencore revealed a decline in output across key metals such as coal and copper.
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