Glencore Mining News

HP, Glencore, Syncrude linked to human right abuses from climate change

Companies responsible for the majority of fossil fuel products that have been manufactured, marketed, and sold since the industrial revolution and have contributed the lion’s share of cumulative global emissions of industrial CO2 and methane, have been ordered to respond to a legal petition that triggered the first-ever national human rights investigation concerning climate change.

Glencore to sell Australian coal train fleet within 3 months

It expects to fetch between $755 million to $1.1 billion for the nine trains, which carry coal from mines in NSW to port operations on Australia's eastern seaboard.

Gold price rally helps producers climb world’s top 25 mining companies list

Study shows there are more bullion miners among higher market capital ranking of mining companies in second quarter of 2016 than a year a go.

Chinese fund eyes Glencore gold mine in Kazakhstan

China’s state-backed Silk Road Fund is said to be considering a joint $2 billion bid with China National Gold Group for the Vasilkovskoye mine.

Glencore to sell option in Canadian gold mine

While Falco Resources fully owns the Quebec-based Horne project, Glencore has the right to buy back the 65% stake in the mine it inherited when it bought Xstrata.

Glencore: Massive investment in coal mines needed

Up to 1 billion tonne annual supply gap in seaborne coal by 2030 if no new mines are built according to climate change report by Swiss mining, trading giant.

Chinese miners eye Glencore’s Kazakh gold operation

Zhongjin Gold Corp., Shandong Gold Mining Co. and Zijin Mining Group Co. said to be among potential bidders.

Low coal prices force Glencore to shut Australia’s Tahmoor mine

About 350 people will lose their jobs when the mine closes in early 2019.

Glencore bids for Anglo American’s coal mines in Australia — report

Other firms interested in the mines include BHP Billion, South32 and X2, with varying reports as to which remain in contention.

Ivan Glasenberg's advice is buy not build, but rival miners aren't listening

Glencore's boss has consistently spanked his competitors for wasting and ultimately popping the now deflated long resources boom through a suicidal splurge on growth that took no account of demand and pricing.

Glencore buys major stake in troubled Aussie iron ore miner

It now owns 8.47% of Atlas Iron, which gives Glencore direct exposure to iron ore production.

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.