Glencore

Glencore’s Dominican mine in limbo after national park plan approved

Cecilia Jamasmie | August 29, 2014
Glencore’s Dominican mine in limbo after national park plan approved

The country’s legislators approved this week a ruling that declares the region surrounding the mine a national park, affecting Glencore's ability to expand it.

Less than 2% of Peru’s total mining concessions are active

Cecilia Jamasmie | August 28, 2014
Less than 2% of Peru’s total mining concessions are active

Around 15,000 of the total 55,000 licences in effect risk fines and even losing all privileges over the land.

Botswana blocks at least 100 copper trucks from Congo over Ebola fear

Cecilia Jamasmie | August 28, 2014
Botswana blocks at least 100 copper trucks from Congo over Ebola fear

The vehicles, en route to South Africa, have been stranded in neighbouring Zambia since Monday.

Chinese investment to make Peru world’s second-largest copper producer

Cecilia Jamasmie | August 27, 2014
Chinese investment to make Peru world’s second-largest copper producer

Chinese backers are now behind one-third of all Peru’s new mining investments by value.

Zambia to ease tax rules on copper exports

Cecilia Jamasmie | August 26, 2014
Zambia to ease tax rules on copper exports

Good news for the country's copper miners that have been seeking more than $600 million in unpaid tax refunds.

Glencore 'wants to develop Guinean projects quickly'

Frik Els | August 6, 2014
Glencore 'wants to develop Guinean projects quickly'

A leaked presentation suggests Glencore is very serious about developing one of mining's richest prizes – West Africa's vast Simandou iron ore deposit.

Accusations of Glencore-Zambia tax probe cover-up

Frik Els | August 4, 2014
Accusations of cover-up of Glencore-Zambia tax probe

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.

Glencore, ArcelorMittal seeking stake in Simandou: report

Cecilia Jamasmie | July 31, 2014
Glencore, ArcelorMittal said to seek a stake in Simandou

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.

Coal exporters not backing down despite glut; could China enter the market too?

SNL Energy | July 30, 2014
Coal exporters not backing down feat

No signs of production slowdown in major coal-exporting countries.

Itochu, Sumitomo seek to sell Glencore stake

Jeffrey Richmond | July 22, 2014
itochu, sumitomo seek to sell glencore stake feat

Move comes amid commodity price downturn.

China's MMG board grants undivided approval for $5.85bn Las Bambas buy

Cecilia Jamasmie | July 21, 2014
China's MMG board grants undivided approval for $5.85bn Las Bambas buy

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.

Slow growth spoiling China’s appetite for coal

Cecilia Jamasmie | July 14, 2014
Slow growth spoiling China’s appetite for coal

In the first half of 2014, the country’s coal imports grew just 0.9%, compared with 13.3% a year earlier.

Glencore smashes claims it paid zero tax in Australia over last three years

Cecilia Jamasmie | July 3, 2014
Glencore smashes claims it paid zero tax in Australia over last three years

In an email to staff the company's coal chief executive, Peter Freyberg, revealed details of tax payments.

Australia losing 75,000 mining jobs in next two years

Cecilia Jamasmie | July 2, 2014
Australia losing up to 75,000 mining jobs in next two years

Cuts will occur because the sector is switching from the job-heavy construction stage to the operational phase, which requires fewer workers.

Frik Els

Chinese M&A: Watch out for Las Bambas effect

Frik Els | June 29, 2014
Copper M&A: Watch out for Las Bambas effect

China's 'Order 9' makes it much easier for domestic companies to make acquisitions abroad.

Glencore said to be eyeing Simandou North

Frik Els | June 27, 2014
Glencore said to be eyeing Simandou North

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.

Glencore appoints Canadian as its first ever female director

Cecilia Jamasmie | June 26, 2014
Glencore appoints Canadian as its first female director

Patrice Merrin, 65, is a veteran to the industry.

'No hurry' in Vale-Glencore talks over Canadian combination

Frik Els | February 23, 2014
'No hurry' in Vale-Glencore talks over Canadian combination

Brazil's Vale said over the weekend talks with Glencore over combining their Canadian operations continue, but no deal is likely "early this year."

More than mining: Anglo sets up trading arm

Frik Els | February 3, 2014
More than mining: Anglo sets up trading arm

Anglo American takes a leaf from Glencore's book, sets up trading and logistics division set to contribute $400m to profits within two years.

'All but fizzled': Last Chinese firm drops bid for Rio's Canada iron ore

Frik Els | January 22, 2014
'All but fizzled': Last Chinese firm drops bid for Rio's Canada iron ore

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.

Glencore trade with Iran may have helped Tehran avoid UN sanctions: report

Cecilia Jamasmie | May 23, 2013
Glencore trade with Iran may have help Tehran avoid UN sanctions: report

The company's head of aluminum, Gary Fegel, is set to leave the company this summer.

Aluminum chief first senior executive to leave Glencore Xstrata

Cecilia Jamasmie | May 22, 2013
Glencore Xstrata and Indian firms eye Rio’s $10bn assets for sale

The unconfirmed news came as a surprise for analysts as Fegel was reconfirmed in the post only weeks ago.

Glencore Xstrata up on first day of trading after merger

Cecilia Jamasmie | May 3, 2013
Glencore Xstrata and Indian firms eye Rio’s $10bn assets for sale

The newly combined company’s stock price rose over 4%

Fresh delays hit Glencore-Xstrata $76 billion mega merger

Cecilia Jamasmie | April 2, 2013
Fresh delays hit Glencore-Xstrata $76 billion mega merger

New deadline for completion is May 2.

Large-scale deals to head down the mineshaft in 2013: PwC

Cecilia Jamasmie | March 26, 2013
Large-scale deals to head down the mineshaft in 2013: PwC

The number of global deals has fallen to its lowest level since 2005.

Glencore-Xstrata profits hit by $2.6bn writedowns and slump in commodity prices

Cecilia Jamasmie | March 5, 2013
Glencore Xstrata and Indian firms eye Rio’s $10bn assets for sale

The results add to the recent list of a dreadful reporting season from major miners, such as Rio Tinto and Anglo American.

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