Glencore Mining News

Union at Colombia's Cerrejon to hear wage offer before possible strike vote

"We will meet with the company... after a request from them to present a new offer, the fourth in this negotiation," said the Sintracarbon union president.

Glencore shrinks job of billionaire copper head amid Congo probe

Aristotelis Mistakidis will lose control of industrial copper operations including mines and focus on the trading side of the business.

Zinc price hits fresh decade high

“From the macro point of view, this is not an environment where you’d want to be shorting metals.”

Electric cars market threatened by potential cobalt tax hike in Congo

The nation, responsible for about two thirds of global output, plans to increase tax on cobalt to 5% from 2%.

Congo’s Gécamines urges Gov’t to revise 16-year-old mining code

The World Bank-supported mining legislation was introduced to attract investment into copper and cobalt projects from global miners including Glencore Plc, Freeport-McMoRan Inc. and China Molybdenum Co. Gécamines claims country has not benefited from it.

CHARTS: Big mining's surge in value shames tech giants

The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.

Union at Chile Lomas Bayas mine far from deal with Glencore

Unionized workers at Glencore's Lomas Bayas copper mine rejected a final contract offer and began government-facilitated mediation Thursday to avoid strike.

Glencore, Apollo Are said to bid for Rio's last coal assets

A sale would allow Rio to complete its exit from coal and continue an asset divestment program that has returned more than $7 billion since 2013.

Mining wins as Chile and South Africa back pro-business leaders

The political shifts are good news for the likes of BHP Billiton Ltd., Rio Tinto Group, Glencore Plc and Anglo American Plc.

Natixis bank broadens metals fraud lawsuit, targets Glencore unit

French bank Natixis has broadened its $32 million lawsuit over fraudulent receipts for nickel stored at warehouses in Asia by adding a unit of commodities giant Glencore as a defendant, a court filing showed.

As Glencore restarts capacity, is time up for zinc rally?

Glencore can't take full credit for bull surge of last 2 years but its curtailments acted as powerful accelerator to structural shift toward supply deficit.

This is how much copper, nickel, cobalt an electric vehicle world needs

Glencore's all in to supply surging demand for copper, nickel and cobalt from electric vehicle boom but CEO Ivan Glasenberg has "zero interest" in lithium.

Glencore is the tempting devil sat on mining's shoulder: Gadfly

Uniquely among its peers, Glencore derives a substantial slice of its earnings from trading commodities, rather than producing them.

Zinc price dodges bullet

Top zinc producer Glencore's total output to dip next year despite restarting its Australian mine.

Shares in Toronto-listed Katanga Mining surge 50% on Congo mine restart

Glencore's Toronto-listed Katanga Mining subsidiary set to produce nearly a third of world's cobalt, as prices of battery metal more than doubles.

Glencore restarts Katanga copper mine, sees 150,000 T in 2018

Glencore said on Tuesday its Katanga mine in the DRC produced its first copper cathodes on Monday as it restarts after output was suspended in 2015.

Glencore sees 2018 zinc output steady at around 1 million tonnes

Glencore said on Tuesday it expected zinc output to fall slightly in 2018 to around 1.09 million tonnes versus 1.1 million tonnes this year.

Glencore's marketing division EBIT to come in at top of range

The company also confirmed its 2018 dividend policy would include a fixed dividend of $1bn and said it would reactivate idled capacity "when appropriate".

Congo mines say revised code threatens industry's future

Monday, mining companies in the DRC said that proposed changes to mining code adopted by lower house of parliament would do lasting damage to investment.

Glencore says signs labor pacts at most of its Australian coal mines

These new labor agreements with workers at 13 of its coal mines in Australia end months of negotiations over wages and benefits.

Glencore, Canadian teachers launch mining royalty firm

BaseCore Metals will be independently operated and have its own board of directors.

Electric charge: Glencore bets big on car battery metals

Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards.

Glencore sees nickel in best shape in decade before EVs take off

Miner has one of biggest deficit outlooks on back of steel use; firm doesn’t expect material EV impact on nickel until 2020.

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.