The copper market is currently experiencing a squeeze on physical metal which is unexpected.
Glencore Mining News
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.
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.
Aristotelis Mistakidis, the man who built Glencore’s reputation in copper, is under intense pressure after a string of investigations, problems and legal headaches.
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.
The agreed price serves as an industry benchmark for supplies of seaborne thermal coal in Asia.
The project would be for a Floating Storage Regasification Unit (FSRU) to import gas directly to a power plant in the country.
"To build a gigafactory of vanadium flow batteries, companies will need to own a mine or lease the fully recyclable vanadium" – Simon Moores.
Moves follows a growing number of world’s top miners returning more money to investors this year.
Vale on top.
The Democratic Republic of Congo will declare cobalt a strategic metal, imposing a 10 percent royalty tax on producers.
In just five years, Anglo assembled marketing operations that now sell more metals than the company produces.
It will now have the maturity of $2.6 billion in senior debt extended from this month until September 2026, court documents showed.
“Everyone loves copper and everyone wants to buy it” has been this year’s mining mantra. Today the ball started rolling.
Deal is for Chevron's local and Botswana assets.
The Mining Promotion Initiative's main goal is to engage the government on industry concerns about the country’s new mining code.
Investors found no solace in traditional safe haven gold with the precious metal setting a one-and-a-half year low.
Japanese utilities and global mining giant Glencore have settled an Australian thermal coal import contract for April 2018-March 2019 at $110 a tonne.
Protectionism could limit future growth.
The market research firm states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong.
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.
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.
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.
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.
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.