Glencore

Global gold, copper, iron ore output down in Q1 — report

Cecilia Jamasmie | May 19, 2015
Global gold, copper, iron ore output down in Q1 — report

Much of the overall decline in reported gold output was due to a significant quarter-on-quarter production declines from AngloGold Ashanti, Goldcorp, and Sibanye Gold.

Glencore under fire on Colombia coal mines

The commodity and mining firm is battling activists who allege its Colombian coal mines have whisked profits out of the country, while causing environmental and labor issues.

Glencore CEO says rivals pushing mining sector into confidence crisis

Cecilia Jamasmie | May 12, 2015
Glencore CEO says rivals pushing mining sector into confidence crisis

Ivan Glasenberg has once again slammed his competitors, who he accuses of damaging the credibility of the mining industry.

This is how BHP plans to be the world’s lowest-cost iron ore miner

Cecilia Jamasmie | May 12, 2015
This is how BHP plans to be the world’s lowest-cost iron ore miner

CEO Andrew Mackenzie announced the firm would cut capital and exploration expenditure to $9 billion in the 2016 financial year from $12.6 billion in 2015.

Global CO2 levels reach historic record

Cecilia Jamasmie | May 8, 2015
Global CO2 levels reach historic record

The monthly global average concentration of CO2 in March was the highest since scientists began tracking this greenhouse gas in the global atmosphere.

Glencore boss blames iron ore top miners for share price fall

Cecilia Jamasmie | May 7, 2015
Glencore boss blames iron ore top miners for share price fall

The company's shares have lost over 40% of their value since it first listed in 2011 on the London Stock Exchange.

Rio Tinto ready to resume hunt for mining deals — report

Cecilia Jamasmie | May 1, 2015
Rio Tinto ready to resume hunt for mining deals — report

If the miner buys any assets this year, it would be Rio's first acquisition in about three years.

Climate change advocates will fail to cut coal consumption: Glencore

Cecilia Jamasmie | April 29, 2015
Climate change advocates will fail to cut coal consumption: Glencore

Chief executive Ivan Glasenberg said growing demand for cheap energy will secure demand for coal.

It’s official: Zambia scales back mining royalties to 9%

Cecilia Jamasmie | April 20, 2015
It’s official: Zambia scales back mining royalties to 9%

The announced changes will be effective on July 1, once parliament has approved them.

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.

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