Glencore

Zambia dumps mining royalty hike, settles at 9%

Cecilia Jamasmie | April 14, 2015
Zambia dumps mining royalty hike, settles at 9 percent

The government intends to set its mining royalties at 9% for both open-pit and underground mines.

BHP won’t reveal tax bill estimate in audit over Singapore hubs

Cecilia Jamasmie | April 10, 2015
BHP won’t reveal tax bill estimate in audit over Singapore hubs

On the last of a three-day national hearing, BHP and Rio acknowledged they were in ongoing discussions with auditors from the Australian tax authority.

Australia treasurer vows to block Glencore-Rio Tinto merger

Cecilia Jamasmie | April 8, 2015
Australia treasurer vows to block Glencore-Rio Tinto merger

This wouldn’t be the first time Hockey hinders a major corporate deal in Australia.

Zambia goes after First Quantum over layoffs

Cecilia Jamasmie | April 3, 2015
Zambia goes after First Quantum over layoffs

Government claims it was not notified according to the law.

IMF in favour of Zambia mining tax changes

Cecilia Jamasmie | March 31, 2015
IMF in favour of Zambia mining tax changes

But the fund warned that only further tightening of fiscal and monetary polices would contain the country's large deficits.

Big oil worse than big miners in overspending

Andrew Topf | March 29, 2015
oil_sands_dollar_derrick

A chart by the Wall Street Journal shows that capital expenditures by the big oil companies are exceeding cash flow at a higher rate than the major miners.

Glencore shutting down its West Wallsend coal mine in Australia

Cecilia Jamasmie | March 26, 2015
Glencore shutting down its West Wallsend coal mine in Australia

The firm said poor coal prices meant it would not make sense to extend the life of the mine.

Glencore in huge Russian oil deal

Frik Els | March 11, 2015
Glencore in huge Russian oil deal

Debt for equity swap deal for 49% of top ten Russian oil producer could be worth as much as $3 billion.

Glencore slashes Australian coal production

Cecilia Jamasmie | February 27, 2015
Glencore slashes Australian coal production

The cuts include scaling back some operations and deferring projects. Further job cuts to follow.

Zambia eases tax rules, to start refund talks on a ‘company-by-company basis’

Cecilia Jamasmie | February 23, 2015
Zambia eases tax rules, to start refund talks on a ‘company-by-company basis’

The new rules only apply to future payments and not amounts already owed.

Iron ore's richest prize going on auction

Frik Els | February 12, 2015
Iron ore's richest prize going on auction

Outcome will say a lot about the long-term prospects for the industry.

MMG to begin pre-extraction at Las Bambas despite copper rout

Cecilia Jamasmie | January 29, 2015
MMG to begin pre-extraction at Las Bambas despite copper rout

The firm expects production at Ferrobamba, one of the four deposits that make up Las Bambas project, to start early next year.

Glencore mulls shutting down South African coal mines, lay offs

Cecilia Jamasmie | January 28, 2015
Glencore mulls shutting down South African coal mines, lay offs

The miner, one of the biggest exporters of South African coal, may re-open those operations if economic conditions improve.

Zambia’s new leader to keep polemic mining tax

Cecilia Jamasmie | January 26, 2015
Zambia’s new leader to keep polemic mining tax

Newly elected President Edgar Lungu wants to keep mining royalties at 20%, as opposed to the 6% companies were paying a month ago.

Glencore likely to slash spending on coal, oil — HSBC

Cecilia Jamasmie | January 20, 2015
Glencore likely to slash spending on coal, oil — HSBC

The global miner and commodities has estimated spending on oil projects for this year and next of $2 billion and $1 billion on coal expansions.

Most copper producers in Zambia losing money — Chamber of Mines

Cecilia Jamasmie | January 19, 2015
Most copper producers in Zambia losing money — Chamber of Mines

The situation may soon change, as authorities have began talks with the country’s top miners, signalling the possibility of a compromise over the country’s new tax regime.

Former Barrick Gold chief the new owner of Iamgold’s Niobec mine in Quebec

Cecilia Jamasmie | January 16, 2015
Former Barrick Gold chief the new owner of Iamgold’s Niobec mine in Quebec

This is Aaron Regent’s first acquisition since founding Toronto-based Magris Resources.

Freeport, Glencore lead stocks bloodbath driven by copper collapse

Cecilia Jamasmie | January 14, 2015
Freeport, Glencore lead stocks bloodbath driven by copper collapse

Copper tumbled Wednesday to fresh six-year lows, dipping below $5,500 a tonne. Stocks in miners of the industrial metal are getting hammered.

Massive Canadian Donkin coal project now property of U.S. miner

Cecilia Jamasmie | January 13, 2015
Massive Canadian Donkin coal project now property of U.S. miner

The project is sitting on one of the largest undeveloped coal deposits in North America,

Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto

Cecilia Jamasmie | January 7, 2015
Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto

The miner believes that while the market is oversupplied now it will tighten from 2018.

Glencore resumes production at Aussie coal mines

Cecilia Jamasmie | January 5, 2015
Glencore resumes production at Aussie coal mines

The three-week suspension aimed at battling a global oversupply of the commodity.

Zambia won’t reverse mining royalty hike

Cecilia Jamasmie | December 30, 2014
Zambia won’t reverse mining royalty hike

Move will leave up to 12,000 jobless and it is likely to sour the already fractious relationship between the government and mining companies.

Peru environmental agency gets tougher on miners

Cecilia Jamasmie | December 30, 2014
Peru environmental agency gets tougher on miners

The move aims to expedite the processing and sanction of pollution cases.

The top mining mergers and acquisitions of 2014

Cecilia Jamasmie | December 29, 2014
The top mining mergers and acquisitions of 2014

The deals that were and those that failed. Here is MINING.com’s shortlist.

Miners back to work at Peru’s Antamina copper mine

Cecilia Jamasmie | December 15, 2014
Miners back to work at Peru’s Antamina copper mine

This was the second time that Antamina’s workers down tools in about a month over demands for a bonus and other benefits.

BHP moves away from iron ore to focus on new darling: copper

Cecilia Jamasmie | December 11, 2014
BHP moves way from iron ore to focus on new darling: copper

Forget iron ore for now, the world’s largest mining company is making a bold bet on copper.

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