Glencore Mining News

Glencore, Goldcorp and Yamana ink agreement to integrate Argentina mines

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 chief executive Glasenberg to leave Russia's Rosneft board

Ivan Glasenberg will no longer be a member of the board of Russian oil major Rosneft.

Glencore Asia hires ex-Goldman Sachs oil trader for derivatives desk

Glencore has hired Daniel Liu, a former Singapore-based trading manager at Goldman Sachs, to join its derivatives desk in Singapore.

How the cobalt market fell victim to allure of electric cars

Adding to the allure was a widely-held view that cobalt supply is constrained.

Glencore CEO is said to meet Congo leader after ties strained

The meeting comes after relations between mining companies and the government deteriorated last year.

Stunning footage of Australia copper, lead, zinc train derailment

Clean-up starts after devastating floods in Queensland derail 80-wagon train carrying metal concentrates from Glencore's Mount Isa mines.

The $32 trillion push to disrupt the entire oil industry

Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll.

Congo and Zambia win fight with copper miners — but at a cost

The current supply turbulence, however, promises more volatility ahead for cobalt as well as copper.

Brazil’s deadly dam collapse pushes miners to set global rules for tailings

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.

Australia's Queensland rail moves up flooded track repairs to end-April

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.

Strange days for coal with Glencore's cap, China curbs

It's little surprise that environmental activists may be tempted to pop champagne corks.

Acid truck spill kills 20 near Glencore Congo mine

The accident occurred about 50 kilometres (31 miles) from the copper and cobalt mine in the southeast of the country.

Australia says coal market 'booming' as it dismisses Glencore cuts

Coal is expected to displace iron ore as Australia's biggest commodity export earner this financial year.

Black Iron's shares skyrocket after inking MOU with Glencore on Ukraine iron ore project

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.

Glencore will 'vigorously contest' $680m tax demand

The tax demand from the British authorities is linked to transfer pricing

Glencore brings thermal coal's end a step closer

For this industry we’re more likely to see death by a thousand cuts.

Glencore plans new buyback as trading profit disappoints

“They have so much cash they don’t know what to do with it. We’re glad that they are giving it back.”

Glencore yields to investor pressure, caps coal production

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.

Glencore to cut output, jobs at copper, cobalt mine in Congo – WSJ

The output cut is likely to be temporary as the company looks for new ways to mine copper, the report said.

Buybacks and bumper profits on the cards as mining giants report

Big mining has remained stubbornly focused on shareholder returns, rather than spending on acquisitions and big-ticket projects.

Australia flooding to disrupt lead, zinc concentrate rail shipments

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.

Colombia coal output likely to hold steady in 2019, companies say

The Andean nation is the world's fifth-largest exporter of coal.

Glencore cuts workers at Congo copper and cobalt mine

The layoffs come as Glencore considers a plan to stop mining oxide ores at Mutanda.

Glencore's Zambian unit suspends operations after three workers die in fire

Mopani is one the biggest mining companies in Zambia -- Africa's No. 2 copper producer.

Glencore says heavy rain disrupts operations at two Australian coal mines

Major flooding has caused parts of Queensland to be declared disaster zones, resulting in two casualties and more than 1,100 evacuations.