Glencore Mining News

Glencore bets on copper with $21M investment in Brazilian producer

Glencore (LON:GLEN) has placed a multi-million-dollar bet on copper by investing just over US$21 million (GBP 16.16 million) into Brazilian copper producer Paranapanema (PMA).

Glencore mulls spinning off mining royalties into new company

The spin-off business would go after royalty agreements in copper, zinc, nickel and cobalt, worth more than $300 million, while looking to attract a strategic partner to fund further deals.

Glencore tackles difficult subject through new charity

Mining is often described as a dangerous profession, but lurking behind the physical injuries, suicide has become a disturbing trend particularly in Australia.

More than 1,500 workers fired at Sibanye’s Cooke mine over strike

Workers at the mine downed tools over a week ago, angered by the company’s actions to eradicate illegal miners from its operations.

Glencore snatches Rio Tinto-owned mines from Yancoal with $2.55B offer

Miner and commodities trader Glencore (LON:GLEN) has performed a coup d'etat on a deal that was practically sealed between Yancoal Australia (ASX:YAL) and Rio Tinto’s (ASX, LON:RIO) for Rio's coal assets in Australia's Hunter Valley.

Congo to re-evaluate new mining code next week

Move comes 15 months after the country’s government halted the planned revision amid opposition from mining companies and low commodity prices.

Canada’s Trevali picks up Glencore zinc mines in Africa

The deal, worth about $400 million, will make Trevali the first pure zinc producer with operations in North and South America as well as Africa.

Glencore puts Tahmoor coal mine up for sale

Market rumours point at South32 as the most likely buyer, since the miner decided last month to ditch its $200 million acquisition of Peabody Energy’s coal mine in New South Wales.

Deal avoids strike at Collahuasi

A deal between workers and the companies that own the Collahuasi copper mine in northern Chile could mean labour peace at the often-picketed mine for the next three years.

Top 50 biggest mining companies

Combined worth of $842 billion with 20% gains so far in 2017.

Cyclone Debbie disrupts $3.2bn of Australian coal exports

Damage to rail lines in cyclone-hit Queensland have disrupted the shipment of between 15 million and 20 million tonnes of coking coal destined to Asia.

Silver Wheaton may soon be named Wheaton Precious Metals

The Vancouver-based precious metals streaming company announced the plan while posting a fourth quarter revenue increase of 29% to $258 million, up from $200 million last year.

Glencore sells two Africa zinc mines to Canada’s Trevali

The $400 million-deal will make of Trevali the first pure zinc company with operations in North and South America as well as Africa.

Northam Platinum buys Eland mine from Glencore

Northam Platinum’s strategy of buying additional mines, as its strives to become a 1-million ounce a year platinum group metals producer, netted it Glencore’s Eland Platinum mine for R175m cash.

Glencore sees zinc, nickel, copper price rally continuing

Wall of copper supply never materialized, nickel market recorded first deficit since 2010 and zinc, lead will only get tighter in 2017.

Glencore’s profit soars on commodities rebound

A surge in commodity prices combined with its multibillion-dollar asset fire-sale has put the company in a position to pay big dividends and explore acquisitions.

Glencore buys stakes in Mutanda and Katanga mines valued at $960m

Glencore is upping its presence in the African mining landscape through the purchase of stakes in two mines it already partially owns.

DRC says Ok for Glencore to take full control of Mutanda copper mine

Mines Minister Martin Kabwelulu said he “didn’t believe” the government needed to authorize changes in ownership in that or any project.

Glencore may take full control of Mutanda copper mine

The Swiss firm already has a 69% stake in the DRC mine, which jointly owns with Israeli mining tycoon Dan Gertler.

Glencore becomes sole owner of Newlands, Collinsville coal mines in Australia

After buying ought out its two Japanese partners, Itochu Corp and Sumitomo Corp.

Glencore to resume dividend in 2017 as debt reduction on track

Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.

Report: DRC signs over $880m royalties to president's friend

Global Witness: Royalty stream from Glencore's KCC copper-cobalt operation transferred to offshore company controlled by Israeli billionaire Dan Gertler.

Chinese coking coal futures hit the roof

The most-traded coking coal for January delivery on the Dalian Commodity Exchange soared 10% to 1,516 yuan ($224) a tonne, a record high.

Glencore did better as commodity trader than miner in Q3

While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.

Glencore to reopen yet another coal mine in Australia

The move comes only a few days after it resumed operations at Collinsville mine in Australia's Queensland state.