Glencore Mining News

Glencore settles legal row with former partner over Congo royalties

The Swiss firm will make mining royalty payments to Dan Gertler in euros so that it doesn’t fall foul of US sanctions, which were placed on the Israeli billionaire last year.

Congo's miners face harsh new reality as mining law finalized

After six months of lobbying, companies including Glencore and Randgold Resources have got nowhere in their battle to push back against a new mining law that voids existing agreements and increases their costs.

China's CITIC grabs stake in Ivanhoe Mines for $560 million

CITIC Metal will own 20% of the Canadian miner, which makes its biggest shareholder.

Congo mining code regulations signed into law – aides

Code sets Congo on collision course with mining firms.

Glencore faces third Congo legal challenge this year

Congolese-American businessman and convicted fraudster Charles Brown claims he's owed $1 billion in compensation for a 19% stake he previously held in Mutanda Mining, and which Glencore allegedly sold in two fraudulent transactions, in 2007 and 2012.

Congo mining regulations to be signed into law on Friday — mines minister

Congo's prime minister wants to immediately implement the new mining code without any concessions to industry demands that key provisions be amended.

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.