Glencore Mining News

Glencore doesn't give up on Rio Tinto, seeks to create largest mining company

It’s good to be Ivan Glasenberg’s neighbour.

'No discussion taking place with Glencore': Rio Tinto

Preferring to "successfully execute" alone.

Iron ore war: BHP to be cheapest supplier, Glencore says it’ll hurt Africa

While BHP gets ready to further expand iron ore output, Glencore's Glasenberg warns the move will make investing in African iron ore a less appealing prospect.

Zambia tells Glencore mine closure, lay-offs ‘illegal’

Zambia’s mines minister says the company has not officially communicated the government its intentions as required under the country's law.

Former Barrick chief buys Iamgold mine

This is the first asset Aaron Regent's private equity firm acquires, after failing to buy Glencore’s Las Bambas copper project in Peru.

Glencore now idles zinc mine in Zambia over tax refund row

The company is cutting 169 jobs at the mine.

Glencore halts copper projects in Zambia over tax row

The standoff marks a major setback for the miner, which is in the process of upgrading its copper assets in Zambia hoping to increase output by at least 50% by 2017.

Rio Tinto, Glencore could save $500m by joining coal businesses

It would also create a a 15-kilometre long ‘‘super pit’’ from the union of Rio’s Mount Thorley Warkworth and Glencore’s Bulga open-pit mines.

Zambian chamber urges gov't to speed up tax refunds for miners

The business group argues the sector must be nurtured to generate the revenues needed for the country’s economic diversification.

What will Ivan buy next? Take 2

"All that's required is to hand the world’s best mining assets to the world’s best management."

Business leaders call for greater global support against Ebola outbreak

A group of 11 chief executives of firms operating in West Africa have called for more international support to combat the deadly virus.

Glencore’s Dominican mine saved by the President

President Danilo Medina vetoed bill creating a National Park, which would have blocked the expansion of Glencore's Falcondo mine.

Australia kills unpopular mining tax

The decision is considered a key political victory for Prime Minister Tony Abbott.

Zambia removes tax rules on copper exports, makes refunds easier

Rule requiring exporters to produce import certificates from destination countries in order to claim tax refunds will be waived beginning Sept. 8.

Vale, Glencore break off Canada nickel talks

Nickel prices have surged this year, making rationalization and cost-cutting in the Sudbury basin less urgent.

Glencore’s Dominican mine in limbo after national park plan approved

The country’s legislators approved this week a ruling that declares the region surrounding the mine a national park, affecting Glencore's ability to expand it.

Less than 2% of Peru’s total mining concessions are active

Around 15,000 of the total 55,000 licences in effect risk fines and even losing all privileges over the land.

Botswana blocks at least 100 copper trucks from Congo over Ebola fear

The vehicles, en route to South Africa, have been stranded in neighbouring Zambia since Monday.

Chinese investment to make Peru world’s second-largest copper producer

Chinese backers are now behind one-third of all Peru’s new mining investments by value.

Zambia to ease tax rules on copper exports

Good news for the country's copper miners that have been seeking more than $600 million in unpaid tax refunds.

Glencore 'wants to develop Guinean projects quickly'

A leaked presentation suggests Glencore is very serious about developing one of mining's richest prizes – West Africa's vast Simandou iron ore deposit.

Accusations of Glencore-Zambia tax probe cover-up

The European Investment Bank will not make public the findings of a 2-year tax-avoidance investigation into the Swiss giant's Zambian copper operation.

Glencore, ArcelorMittal seeking stake in Simandou: report

They would be going for the northern portion of the massive iron ore deposit, seized from Israeli billionaire Beny Steinmetz and mining giant Vale in April.

Coal exporters not backing down despite glut; could China enter the market too?

No signs of production slowdown in major coal-exporting countries.

Itochu, Sumitomo seek to sell Glencore stake

Move comes amid commodity price downturn.