It’s good to be Ivan Glasenberg’s neighbour.
Glencore Mining News
Preferring to "successfully execute" alone.
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’s mines minister says the company has not officially communicated the government its intentions as required under the country's law.
This is the first asset Aaron Regent's private equity firm acquires, after failing to buy Glencore’s Las Bambas copper project in Peru.
The company is cutting 169 jobs at the mine.
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.
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.
The business group argues the sector must be nurtured to generate the revenues needed for the country’s economic diversification.
"All that's required is to hand the world’s best mining assets to the world’s best management."
A group of 11 chief executives of firms operating in West Africa have called for more international support to combat the deadly virus.
President Danilo Medina vetoed bill creating a National Park, which would have blocked the expansion of Glencore's Falcondo mine.
The decision is considered a key political victory for Prime Minister Tony Abbott.
Rule requiring exporters to produce import certificates from destination countries in order to claim tax refunds will be waived beginning Sept. 8.
Nickel prices have surged this year, making rationalization and cost-cutting in the Sudbury basin less urgent.
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.
Around 15,000 of the total 55,000 licences in effect risk fines and even losing all privileges over the land.
The vehicles, en route to South Africa, have been stranded in neighbouring Zambia since Monday.
Chinese backers are now behind one-third of all Peru’s new mining investments by value.
Good news for the country's copper miners that have been seeking more than $600 million in unpaid tax refunds.
A leaked presentation suggests Glencore is very serious about developing one of mining's richest prizes – West Africa's vast Simandou iron ore deposit.
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.
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.
No signs of production slowdown in major coal-exporting countries.
Move comes amid commodity price downturn.