Glencore Mining News

Copper smelter hits cause physical squeeze in Asia

The copper market is currently experiencing a squeeze on physical metal which is unexpected.

More than 400 jobs to go at Glencore’s Hail Creek coal mine

The company also said it would reconfigure the mining methods used at Hail Creek, a process that will be phased in over the next 18 months.

ERG bets on cobalt from Congo in quest for growth

Eurasian Resources Group (ERG) plans to ramp up cobalt output at its Democratic Republic of Congo (DRC) facility as it expects the electric car industry to boost demand for the metal.

Is the reign of Glencore’s billionaire copper king near its end?

Aristotelis Mistakidis, the man who built Glencore’s reputation in copper, is under intense pressure after a string of investigations, problems and legal headaches.

Zambia says open to dialogue with miners over tax increases

Africa's second-largest copper producer said late last month that it would introduce new mining duties and increase royalties to help bring down mounting debt.

Glencore, Tohoku Electric set coal contract price at $109.77/T

The agreed price serves as an industry benchmark for supplies of seaborne thermal coal in Asia.

Glencore mulls integrated LNG project in Philippines

The project would be for a Floating Storage Regasification Unit (FSRU) to import gas directly to a power plant in the country.

Rocketing vanadium price primed for 'Elon Musk moment'

"To build a gigafactory of vanadium flow batteries, companies will need to own a mine or lease the fully recyclable vanadium" – Simon Moores.

Glencore to double size of $1B share buyback program

Moves follows a growing number of world’s top miners returning more money to investors this year.

Top nickel miners ranked

Vale on top.

Glencore, China Moly face higher cobalt royalty taxes in Congo

The Democratic Republic of Congo will declare cobalt a strategic metal, imposing a 10 percent royalty tax on producers.

How Anglo quietly built a commodity trader in Glencore's shadow

In just five years, Anglo assembled marketing operations that now sell more metals than the company produces.

Glencore-led Australian coal port wins court nod on $3.2B debt refinancing

It will now have the maturity of $2.6 billion in senior debt extended from this month until September 2026, court documents showed.

Copper deal day hits with a flurry of M&A for the hottest metal

“Everyone loves copper and everyone wants to buy it” has been this year’s mining mantra. Today the ball started rolling.

South African watchdog approves Glencore's bid for Chevron assets

Deal is for Chevron's local and Botswana assets.

DRC miners form new body to fight mining code

The Mining Promotion Initiative's main goal is to engage the government on industry concerns about the country’s new mining code.

Mining and metals markets crater as copper price enters bear market

Investors found no solace in traditional safe haven gold with the precious metal setting a one-and-a-half year low.

Japan utilities, Glencore set annual coal contract at $110/T

Japanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018-March 2019 at $110 a tonne.

Glencore credits China's 'Blue Skies' program for strong H1

Protectionism could limit future growth.

Coal miners to see improved finances: Fitch

The market research firm states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong.

Glencore’s cobalt output up by almost a third thanks to Congo mines

Glencore is the world’s No. 1 cobalt miner, while Congo is the largest producer of the key component for batteries that power electric vehicles.

Nickel is new headache for automakers as cobalt fears abate

Locking in supplies of key battery raw materials lithium and cobalt has been a headache for electric car manufacturers, but these days it’s the supply of nickel and graphite that’s keeping them up at night.

Amplats reports jump in H1 earnings, buys Glencore's stake in Mototolo platinum mine

Anglo American Platinum kept the dividend tap flowing as it reaps the benefits of a pivot to mechanised mining that has lifted productivity and cut costs.

World's biggest miners want more copper but nobody's selling

Nobody who owns a copper mine wants to give it up. Even when Glencore and Anglo American Plc were crippled by debt during the 2015 commodity slump, neither was willing to entertain an offer from Rio for their holdings in the giant Collahuasi deposit in Chile.

Glencore shareholders mull suing firm over corruption, bribery probes

They claim mounting investigations into the firm’s dealings in the DRC, where it’s heavily invested, has made the stock collapse and investors may seek compensation for the losses caused by it.