Glencore said it will also evaluate providing a loan to fund the capital needs to restart the refinery, as the two companies look to speed up the restart.
Glencore Mining News
The news has rattled foreign investors already nervous governments in central African countries are seeking a much bigger share of resource revenues.
The threat marks an escalation in tensions between the mining industry in Africa’s second-biggest copper producer and the state, after an increase in royalties and plans to introduce new taxes.
The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology.
Supported metal prices, debts being slashed, and production efficiency growth were the keys for the good performance.
Zambia's Mopani Copper Mines Plc plans to close two shafts and focus on essential capital projects, the Glencore-owned company said on Friday.
The exploration and development company became the second Australian miner since April to back off from plans to buy the Glencore's CSA, in New South Wales.
Trading houses Vitol, Glencore and Trafigura are caught in the crossfire between Russian oil producers and Western buyers.
Norwegian pension fund manager KLP has sold $366m of bond and equity exposure in 46 companies, including leading miners BHP and Anglo American.
To be eligible for the awards, mining companies must be actively implementing the Towards Sustainable Mining (TSM) initiative.
Glencore cut its full-year copper-output goal by about 3% and lowered production targets for other commodities from nickel to oil.
Aurelia Metals is in talks with the Swiss miner and commodity trader about a possible acquisition of CSA underground mine, which produced 48,000 tonnes of copper concentrate last year.
The US Commodity Futures Trading Commission (CFTC) is investigating whether the company may have violated certain provisions of the Commodity Exchange Act.
The joint project will be conducted in Canada and has commenced with a phase one bench-scale study.
After almost three years of rating the mining giant’s stock as overweight, JPMorgan downgraded it to neutral on Wednesday.
A ship loaded with 23,000 tonnes of ore set sail for China Friday, where it will be processed for a European buyer.
The Stoxx Europe 600 is still stuck in a tight range as the earnings season is getting into full swing.
A problem has emerged in relation to the LME's "load-in and load-out" rules, which specify the tonnage that has to be shipped out when a queue to deliver metal is longer than 50 days.
Jeff Gerard named to the top job, taking over from Danny Callow.
Rio Tinto's warning to mining lobby groups that they have to acknowledge the threat of climate change is likely a sign that the industry will inevitably fracture into two camps.
The 1,000-km rail line is used by miners including Glencore, MMG Ltd and South 32 to carry zinc and lead concentrate.
It’s been a stormy month for benchmark coal prices in Asia, with the potential for reverberations across the globe.
Last year the mine produced 560,000 tonnes of copper, placing it among Chile´s top three producing mines.
There are some signs that the rapid decline in thermal coal prices in recent months has moved the market into oversold territory.
The move is aimed at providing a tool for institutional investors to assess the risk from their holdings in mining companies.