Glasenberg, a workaholic, straight-talking South African who has become the public face of the commodity trading industry, has led Glencore for nearly two decades.
Zinc Mining News
Relief that an escalation in the trade war between the US and China has been avoided – at least for now – sparked a huge rally in mining stocks on Monday.
"When I go I hope it’ll be a 45-year-old who’ll take over," Glasenberg said
The macro picture may have brightened just a little after the weekend meeting of the U.S. and Chinese presidents, but signs the global economy is losing momentum, do not bode well for metals demand.
On the positive side, the Andean country's iron ore production grew by 66.8% when compared to the previous year.
Up to 900 jobs will be eliminated.
By market close on Friday, Aurania Resources' stock was up 6%.
Group Eleven based its estimate on 102 diamond drill holes totaling 26,042 metres using 40- by 40-metre grid.
The deposit is believed to be the largest undeveloped tin resource outside of a producing camp in Peru.
Nigeria, Africa's top crude oil producer, is aiming to diversify its economy by developing other industries such as mining through various incentives.
The project is the company's flagship mine and it comprises 231 claims covering 1,619 hectares.
In the case of Rainbow Mountain, those in favor of conservation appear to have won out.
Economic growth in Yukon and Nunavut is expected to surpass the rest of Canada due to new mine construction.
Delrey Metals has finished its $165,000 phase one exploration program at its Sunset cobalt-copper-zinc property in BC, Canada.
Given the tightness in zinc metal availability, smelter supply currently trumps mine supply.
The Hassan Rouhani government is kickstarting a program for the revitalization, activation, and development of the country’s artisanal mines.
Results are from the Bongará Zinc Mine located in north-central Peru.
The same hole also intersected a separate copper rich zone.
Bunker Hill Mining terminated its lease and option agreement to acquire the Bunker Hill zinc-lead-silver mine in Idaho after missing US$400,000 in property payments
Meanwhile, Nexa Resources, a unit of Votorantim, has just approved a $392 million capital expenditure in a zinc mining project in the Brazilian state of Mato Grosso.
Queensland state is set to unveil proposed resource regulations that will require miners to pay into an "insurance fund" for the remediation of old mines.
From now on, Aston Bay will own exclusive rights to the copper-lead-zinc-gold-silver Blue Ridge Project.
Barachois is a sedimentary hosted vanadium-selenium-silver-lead-zinc prospect that covers 1,801 hectares.
The high-grade copper-zinc-gold-silver volcanogenic massive sulphide system is 100 km east of Dease Lake in northern B.C.