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.
Glencore Mining News
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.
CITIC Metal will own 20% of the Canadian miner, which makes its biggest shareholder.
Code sets Congo on collision course with mining firms.
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's prime minister wants to immediately implement the new mining code without any concessions to industry demands that key provisions be amended.
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.
Top supplier of battery raw material ups output 34% year on year.
The decision is a setback for the Swiss commodity trader, which is facing multiple disputes in the central African nation.
The mining companies insist the government reinsert a stability clause, present in the former code.
It’s becoming hard to keep track of all of Glencore’s legal battles in the Democratic Republic of Congo.
WHO: Risk of international spread of deadly disease from Congo, responsible for 66% of global supply of critical battery raw material, is "very high".
Chengdu-based Tianqi is seeking to almost triple production capacity through 2020.
The glacier inventory is now the most authoritative document indicating where the no-go zones are for mining.
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.
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.
A scheduled hearing in a London court Friday was postponed as both sides worked to come to an amicable solution.
Congo accounts for around 60 percent of global supply - estimated at around 110,000 tonnes this year.
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.
The Qatar Investment Authority (QIA) is taking a stake in Rosneft of nearly 19 percent, after a deal with China's CEFC fell through.
Utilisation rate at mills climb back to November level.
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 to allow foreign investors in iron ore futures from Friday.
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.
Anglo American Plc, Glencore Plc and BHP Billiton Ltd. are generating the highest profits in years from their coal mines.