Glencore Mining News

Rio Tinto completes sale of Australian coal asset

As soon as the sale was completed, Rio received $150 million in cash and is set to get an unconditional cash payment of $50 million due in 12 months.

Cobalt price: Congo production surges

Top supplier of battery raw material ups output 34% year on year.

Congo court rejects Glencore bid to move copper dissolution case

The decision is a setback for the Swiss commodity trader, which is facing multiple disputes in the central African nation.

Miners warn Congo it faces $3bn revenue loss over new law

The mining companies insist the government reinsert a stability clause, present in the former code.

Glencore goes from crisis to crisis with possible bribery probe

It’s becoming hard to keep track of all of Glencore’s legal battles in the Democratic Republic of Congo.

Cobalt price: Congo ebola outbreak compounds acute supply fears

WHO: Risk of international spread of deadly disease from Congo, responsible for 66% of global supply of critical battery raw material, is "very high".

China tightens grip on global battery metals with Chile deal

Chengdu-based Tianqi is seeking to almost triple production capacity through 2020.

Argentina's official glacier inventory reveals extensive mining impacts at controversial projects

The glacier inventory is now the most authoritative document indicating where the no-go zones are for mining.

Glencore drops as British regulators looming probe adds to Congo issues

Britain’s Serious Fraud Office plans to open a formal bribery investigation into Glencore and its deals with Israeli billionaire and former partner Dan Gertler.

Glencore, Barrick expect prospecting licence for Tanzania nickel project

Tanzania is seeking a bigger slice of the pie from its vast mineral resources by overhauling the fiscal and regulatory regime of its mining sector.

Glencore said to seek out-of-court Congo solution with Gertler

A scheduled hearing in a London court Friday was postponed as both sides worked to come to an amicable solution.

Glencore's Congo woes throw spotlight on country's cobalt dominance

Congo accounts for around 60 percent of global supply - estimated at around 110,000 tonnes this year.

Congo court temporarily suspends dissolution of Glencore unit

Congo's state miner Gecamines is seeking to dissolve Kamoto Copper Company (KCC), blaming Glencore for high debts that have weighed on the mine for more than 10 years.

Rosneft CEO Sechin says welcomes Qatar as direct shareholder

The Qatar Investment Authority (QIA) is taking a stake in Rosneft of nearly 19 percent, after a deal with China's CEFC fell through.

China's iron ore rises on renewed steel output; 2nd day of foreign trade

Utilisation rate at mills climb back to November level.

Qatar steps in to buy Rosneft stake after China deal collapses

Qatar Investment Authority stepped in after the sellers -- a consortium of QIA itself and mining giant Glencore Plc -- told CEFC it wouldn’t proceed with the original deal announced in October.

China opens iron ore market to the world in pricing, image push

China to allow foreign investors in iron ore futures from Friday.

Glencore's Congo mining conundrum

The miner and commodities trader is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms.

War on coal making the world's top mine owners a lot richer

Anglo American Plc, Glencore Plc and BHP Billiton Ltd. are generating the highest profits in years from their coal mines.

Glencore is said to take Congo rift with Gertler to London court

The Swiss miner was granted a temporary injunction against the Israeli billionaire after petitioning the London court to rule against a Congolese judge’s decision last week to freeze assets at its Kamoto Copper project.

Glencore wins temporary injunction against billionaire Dan Gertler -FT

Gertler, who is the subject of U.S. sanctions, is owed some royalties by Glencore, but the London-listed company disputes the amounts claimed.

Battery metals supply crunch to slow near-term EVs growth — Moody's

Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.

Glencore drops as clash with former partner adds to Congo issues

Shares fell as much as 3.9% after the company said late Friday that a Congolese court authorized bailiffs to freeze certain Glencore assets after Israeli billionaire Dan Gertler served orders on local units for almost $3 billion in damages.

Congo's state miner seeks to dissolve Glencore venture over debts

Gecamines said on Tuesday that debts owed by Kamoto to Glencore and its subsidiaries at the end of 2017 topped $9 billion.

Randgold expects Kibali gold output to rise thanks to automation

Company said new technology will help the DRC mine achieve its 2018 production guidance of 730,000 ounces, despite challenges posed by the country's new mining code.