Glencore Mining News

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.

Glencore's prize cobalt miner is bogged down deeper in Congo

Katanga is mired in difficulties ranging from the prospect of higher taxes to a mounting legal battle with its Congolese partner, Gecamines.

Glencore says legal proceedings opened against Congo unit

High levels of debt at mining companies are becoming an increasingly heated issue in Congo, the world’s largest source of cobalt.

DRC miners hopeful new code issues can be resolved

They said they expected authorities to realize the sliding scale they propose would be a more effective mechanism for the government to share in higher commodity prices than the windfall tax and strategic minerals scheme included in the new code.

IMF resumes lending to Chad following Glencore debt deal

The Central African oil producer reached an agreement in principle to restructure its more than $1 billion debt to Glencore and four banks.

Last hurrah for the zinc price

The price of zinc fell to a four month low on Thursday – there's much more pain to come says new report.

Glencore is losing billionaire allies to Trump's sanctions

In just four months, Glencore Plc chief Ivan Glasenberg has lost two of his closest business allies, billionaires Oleg Deripaska and Dan Gertler.

Glencore to declare force majeure on some aluminium supply

Glencore Chief Executive Ivan Glasenberg resigned from his role as Rusal director on Tuesday

Collahuasi says to slash costs to under $1/lb in 2018

Collahuasi, owned by Anglo American Plc and Glencore Plc, is located in northern Chile and is among the world's largest copper mines.

CHARTS: Mining rally running out of steam as copper price weighs

Cobalt, nickel still on the boil, but gloomier outlook reflected in copper price and fall in market value of top mining companies during first quarter.

Glencore signs US$9.085bn loan refinancing

Glencore has signed US$9.085bn of loans to refinance its existing short-term revolving credit facilities, the company said on Thursday.

Miners ask Congo to introduce sliding royalty scale

The proposal, signed by companies responsible for 85% of the DRC's copper, cobalt and gold output, suggest that sliding royalties will give the government a higher share of revenues.

Rio Tinto fully out of coal sector with $2.25bn Kestrel mine sale

Company has agreed to sell its 80% stake in the Kestrel mine to a consortium comprising of private equity manager EMR Capital and Indonesian coal company Adaro Energy.

Glencore faces off against labor group on Congo mine conditions

Glencore defended working conditions at its mines in Congo after an international labor federation said its employees are poorly treated and underpaid.

Rio sells one of latest coal assets in Australia for $200 million

Australia's Whitehaven Coal is acquiring the Winchester South project, located in Queensland.

Cobalt price: Automakers 'waking up too late' as China takes control

Glencore CEO flags China-Congo-cobalt nexus, responsible for 80% of global cobalt chemical production, a crucial ingredient of electric vehicle batteries.

Glencore snatches Rio’s Australian coal mine in $1.7bn deal

The acquisition includes Rio Tinto’s 82% stake in Hail Creek coal mine and its 71.2 % interest in the Valeria project.

Cobalt to be declared a strategic mineral in Congo

Royalties paid to the government from cobalt and coltan mining will jump to 10 per cent from 2 per cent.

Glencore signs massive cobalt sale deal with China's GEM

The world’s biggest producer of cobalt has agreed to sell around a third of its cobalt production over the next three years to the Chinese battery recycler.

Cobalt consumers main victims of Congo’s new mining code — analysts

A new mining code in the cobalt-rich Congo will lead to higher costs for consumers of the battery metal at a time automakers are expanding production of electric vehicles, experts say.

Glencore's talks to sell cobalt to Chinese firm falter on price

Price is a sticking point as Glencore and other major producers are now able to exert more influence in negotiations, sources said.