The Agua Rica mineral reserve is estimated to contain 4.5 million tonnes of copper and 6.5 million ounces of gold contained in approximately 910 million tonnes of ore.
Glencore Mining News
Ivan Glasenberg will no longer be a member of the board of Russian oil major Rosneft.
Glencore has hired Daniel Liu, a former Singapore-based trading manager at Goldman Sachs, to join its derivatives desk in Singapore.
Adding to the allure was a widely-held view that cobalt supply is constrained.
The meeting comes after relations between mining companies and the government deteriorated last year.
Clean-up starts after devastating floods in Queensland derail 80-wagon train carrying metal concentrates from Glencore's Mount Isa mines.
Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll.
The current supply turbulence, however, promises more volatility ahead for cobalt as well as copper.
The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 companies, is setting an independent panel of experts to develope a global standard for tailings facilities to be enforced to its members.
The 1,000-km (620-mile) rail line is used by miners including Glencore, MMG Ltd and South 32 to carry zinc and lead concentrate from the Mt Isa region.
It's little surprise that environmental activists may be tempted to pop champagne corks.
The accident occurred about 50 kilometres (31 miles) from the copper and cobalt mine in the southeast of the country.
Coal is expected to displace iron ore as Australia's biggest commodity export earner this financial year.
The companies envision an investment from Glencore that will help fund construction in exchange for offtake of production of four million tonnes of iron ore a year.
The tax demand from the British authorities is linked to transfer pricing
For this industry we’re more likely to see death by a thousand cuts.
“They have so much cash they don’t know what to do with it. We’re glad that they are giving it back.”
The mining and trading giant will cap its production of thermal and coking coal at about 150m tonnes per year, close to its planned output level for 2019.
The output cut is likely to be temporary as the company looks for new ways to mine copper, the report said.
Big mining has remained stubbornly focused on shareholder returns, rather than spending on acquisitions and big-ticket projects.
The 1,000 km (620 mile) rail line is used by miners including Glencore, MMG Ltd and South 32 to carry zinc and lead concentrate from the Mt Isa region.
The Andean nation is the world's fifth-largest exporter of coal.
The layoffs come as Glencore considers a plan to stop mining oxide ores at Mutanda.
Mopani is one the biggest mining companies in Zambia -- Africa's No. 2 copper producer.
Major flooding has caused parts of Queensland to be declared disaster zones, resulting in two casualties and more than 1,100 evacuations.