Glencore buys Newmont’s stake in Argentina copper-gold project

Mining News Pro - Mining and commodities giant Glencore is buying Newmont’s minority stake in the Argentinean MARA cooper-gold project, a joint venture created in 2020 between the two companies and Yamana Gold.

Ancient remains found at Glencore’s project in Argentina

Mining News Pro - A mine worker at Glencore’s El Pachón copper and molybdenum project in Argentina’s San Juan province bumped into human remains while performing some road cleaning duties over the weekend.

Glencore faces Australian challenge over net-zero strategy

Mining News Pro - Environmental lawyers ClientEarth said on Thursday they were supporting a complaint filed in Australia against Glencore alleging the miner and trader could be misleading investors and the public over its climate strategy.

Glencore to end silver streaming deal with Wheaton on Peru mine

Mining News Pro - Wheaton Precious Metals agreed to end its so-called silver “streaming” deal with Glencore Plc on Peru’s Yauliyacu mine for $150 million, the Canadian company said on Thursday, so that Glencore could divest the mine.

Glencore cuts off Chinese trader caught up in missing copper scandal

Mining News Pro - Global commodity traders including Glencore (LON: GLEN) and IXM have halted shipments to Chinese metals merchant Huludao Ruisheng after nearly half a billion dollars’ worth of copper went “missing” at a storage site in the country’s north.

Glencore takes heat in Quebec for smelter that spits out arsenic

Mining News Pro - Quebec’s public health director took aim at Glencore Plc for toxic emissions at a copper smelter in the province’s northwest, saying the level of pollution must be brought down quickly because of evidence it’s causing increased risk of cancer and other health problems.

Glencore profit more than doubles thanks to soaring coal price

Mining News Pro - Mining and commodities trader Glencore (LON: GLEN) posted on Thursday record profit of $18.9 billion in the first half of 2022, more than doubling last year’s figure thanks to its booming thermal coal business.

Glencore profit more than doubles thanks to soaring coal price

Mining News Pro - Mining and commodities trader Glencore (LON: GLEN) posted on Thursday record profit of $18.9 billion in the first half of 2022, more than doubling last year’s figure thanks to its booming thermal coal business.

Glencore is cashing in on coal to dodge big mining’s slowdown

Mining News Pro - The world’s biggest miners have spent the past two weeks reporting lower profits, shrinking dividends and a worsening outlook as the year rolls on. Next up: Glencore Plc looks set to buck the trend.

Glencore flags cash tied up in record trading profits

Mining News Pro - Glencore Plc, on course to report it best ever trading year, has flagged that those profitable bets have tied up more working capital than normal.

Cameroon’s anti-graft agency says investigations into Glencore bribery underway

Mining News Pro - Cameroon’s anti-corruption agency is investigating claims by miner and commodities trader Glencore Plc that it paid bribes to officials at state-run companies in exchange for favours, an official said on Tuesday.

Glencore expands coal mining in an Australian methane hotspot

Mining News Pro - Glencore Plc is expanding a coal mine that scientists have estimated leaks so much planet-wrecking methane each year it has the same warming impact as the annual emissions from millions of cars.

At Australia mine, Glencore balances reforestation drive, coal profit

Mining News Pro - At Glencore’s aging Mt Owen open-cut coal mines north of Sydney, a team of scientists and engineers is restoring woodlands to mined-out fields, aiming to burnish the company’s environmental credentials with climate activists and shareholders who want it to back away from coal.

Glencore unit pleads guilty to bribery in Africa

Mining News Pro - A British subsidiary of Glencore (LON: GLEN) formally pleaded guilty on Tuesday to the seven charges of bribery brought against the mining and commodities trader by the UK Serious Fraud Office (SFO), which relate to the firm’s oil operations in Africa.

Activist investor Bluebell adds pressure on Glencore to fix coal unit

Mining News Pro - Activist investor Bluebell Capital Partners has again asked Glencore Plc to overhaul its climate policy, while seeking support from other shareholders to push for reform at the commodities giant.

Glencore expected to dismiss bid for Yancoal Australia stake

Mining News Pro - Glencore is expected to dismiss a $3.60 per share offer for its minority stake in Yancoal Australia as it considers the Chinese majority owner’s bid for the coal producer offensively low.

Glencore bribery cases draw in billionaire former executives

Mining News Pro - The US corruption and market manipulation cases against Glencore Plc include allegations about the conduct of two former executives who formed part of the inner circle of the trading house’s top management for over a decade — and walked away as billionaires.

Glencore to invest $200m in battery recycling firm Li-Cycle

Mining News Pro - Glencore has inked a deal with Toronto-based Li-Cycle Holdings to supply the company with all types of manufacturing scrap and end-of-life lithium-ion batteries.

Glencore hails trading unit outlook

Mining News Pro - Miner and commodities trader Glencore (LON: GLEN) touted on Thursday prospects for its trading unit, saying it faces another strong year as Russia’s invasion of Ukraine continues to drive up prices of most commodities the company mines and sells.

Chilean regulator moves to sanction Glencore over mine monitoring

Mining News Pro - Chile’s environmental regulator said on Tuesday it had launched a sanction process against Glencore’s Lomas Bayas copper mine for non-compliance with water, flora and fauna monitoring in its operation area.

Glencore cobalt mine scrutinized as Congo revisits foreign deals

Mining News Pro - Democratic Republic of Congo added Glencore Plc’s giant Mutanda copper and cobalt operation to a list of projects that could face renegotiation, just as the key battery metals mine is in the process of restarting.

Peruvian government to negotiate with communities opposing Glencore’s copper project

Mining News Pro - Peru’s Ministry of Environment and the southern Espinar province set up a dialogue process with the goal of finding solutions to the social and environmental problems people say mining operations are causing in the area.

Glencore to supply cobalt to GM in multi-year deal

Mining News Pro - Miner and commodities trader Glencore has inked a multi-year agreement with General Motors to provide the automaker with cobalt from its Murrin Murrin operation in Australia.

Glencore regains IPO price after 11 years on commodity rally

Mining News Pro - Glencore Plc traded above its IPO price for the first time since 2011 as Russia’s invasion of Ukraine continues to drive up commodity prices.

Metals Acquisition clinches $1.1 billion deal for Glencore’s CSA copper mine

Mining News Pro - Blank-check firm Metals Acquisition Corp on Thursday emerged as the winner of a years-long race to acquire Glencore’s CSA copper mine in Australia with a $1.1 billion deal.

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