Glencore Mining News

Glencore mulling sale of gold mine in Kazakhstan

The company could rise $2 billion for offloading Vasilkovskoye, its largest gold mine.

Glencore’s Optimum coal now in hands of S. African’s President family

Tegeta Exploration & Resources Ltd., controlled by the Gupta family and South African President Jacob Zuma’s son, is the new owner of optimum coal.

Striking coal workers arrested after violent raid at Glencore's South African mine

Production at the Wonderfontein coal mine has been halted for three weeks after members of AMCU decided to down tools in March.

The end of the global diversified miner?

New report predicts mining's majors will increasingly move away from diversification strategies to concentrate on competitiveness in certain core sectors.

Glencore closer to selling Lomas Bayas copper mine in Chile

Bidders include former Barrick Gold CEO Aaron Regent's company, Magris Resources, and Chilean energy firm Copec.

Glencore says all seven workers dead after Katanga mine accident in Congo

The company had suspended operations last year, but work on maintenance and an $880 million modernization project to cut costs at the site was ongoing.

Death toll at Glencore's Katanga mine in Congo climbs to 3

The casualties were carrying out maintenance at the bottom of the 250-metre pit.

Congo government urged to pass new mining code

Group of 42 Congolese non-governmental organizations (NGOs) say difficult market conditions do not justify further delays.

Landslide at Glencore Katanga mine in DRC leaves 2 dead, 5 missing

Causes of the wall collapse at the open pit KOV mine are still unclear.

Glencore swings to loss on write-downs and collapsing coal, metal prices

The Switzerland-based mining and energy giant lost $5 billion in 2015.

Copper prices plummet on China worries, oil collapse

The London Metal Exchange’s three-month copper contract fell as much as 1.4%, the most since Feb. 10, to $4,580 a metric ton.

Mining stocks rally as iron ore price surges 7%

Across the board gains on hopes of renewed Chinese metals demand.

Glencore to sell gold and silver to Franco-Nevada in $500 million deal

Only a day after announcing the deal, Franco-Nevada increased the size of the financing by 45%, citing “strong demand.”

Happy day for miners: shares up by levels not seen since 2008

The biggest winner was Anglo American (LON:AAL), which briefly posted its biggest ever one-day percentage gain, closing later still 15% up compared to the previous session.

South Africa’s opposition claims Glencore ‘forced’ to sell coal mine

The country's biggest opposition party said the mines minister and state power utility made Glencore sell its Optimum coal operation.

Moody's puts 175 energy and mining firms on review as low prices bite

Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.

Oil, Asian stocks rout deepen miners wounds

Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.

This is what a mining, metals market meltdown looks like

Three of the world's top mining companies are now trading over 90% below their boom year highs as the 2016 commodity sell-off gathers pace.

Ex-Barrick CEO said to offer $1bn for Glencore mine

Aaron Regent "is competing against a small number of Chilean-focused operators" for Glencore's Atacama copper mine according to reports.

Chile mulls scrapping copper funding for military

Codelco chairman, Oscar Landerretche, wants the government to scrap the country’s Copper Law, which forces the firm to give 10% of its annual export revenue to the Armed Forces.

Copper prices falling like it's 2009

The fresh collapse dragged main producers down, with BHP Billiton, the world’s largest miner, hitting a decade-low.

Morgan, Sachs, Glencore have lawsuit against zinc price conspiracy dismissed

Two of the largest banks in the world and the biggest commodities trader have been found to be innocent of claims that they fixed zinc prices.

China rings in 2016 with a stock market crash

Gold and oil benefited from the collapse, while base metals and most diversified miners suffered from it.

Chile’s copper miners still making money despite price collapse

Official figures contradict recent local reports showing that most copper miners in the country are barely breaking even at current metal prices.

Codelco eyes $600 million in savings, more job cuts in 2016 as copper in the pits

Chief executive Nelson Pizarro said output will, however, remain untouched.