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.

Glencore reviewing stakes in two Russian companies

Mining News Pro - Glencore Plc, the world’s biggest commodity trader, followed some of the world’s largest companies in reviewing its business ties with Russia as the fallout from the invasion of Ukraine intensifies across global commodities markets.

IGO drops plan to buy Glencore’s copper mine

Mining News Pro - Australian miner IGO Ltd said on Tuesday it discontinued negotiations with UK-based Glencore Plc to buy its CSA copper mine in New South Wales state, a week after entering exclusive discussions for the deal.

IGO wins auction for Glencore CSA Australia mine

Mining News Pro - IGO Ltd has won an auction to buy Glencore Plc’s CSA copper mine in western New South Wales, according to a local media report.

BHP and Glencore New Records in Mining Commodities

Mining News Pro - Glencore is delivering US$4bn to shareholders while BHP is returning US$7.6bn in a record interim dividend as mining giants capitalise on commodities boom

Glencore’s zinc mine expansion met by Indigenous backlash

Mining News Pro - Glencore Plc’s plans to expand one of the world’s largest zinc and lead mines has been thrown into doubt after an Australian government judged it failed to adequately consult with Aboriginal custodians over the protection of a sacred site.

Britishvolt secures $54 million from Glencore for UK gigafactory

Mining News Pro - Electric vehicle (EV) battery start-up Britishvolt, which has the ambitious plan to build a recycling gigafactory in the UK, has secured a £40 million ($54 million) cornerstone investment from partner Glencore.

Glencore earmarks $1.5 billion for probes amid record profit

Mining News Pro - Mining and commodities trader Glencore (LON: GLEN) will set aside $1.5 billion to cover a series of probes into bribery and market manipulation, which it said it expects to resolve before the end of the year.

Activist investor Bluebell presses Glencore to spin off coal assets

Mining News Pro - Activist investor Bluebell Capital Partners is pressing Glencore (LON: GLEN) to spin off its thermal coal business to move from being a­ “disliked stock” to a top pick for investors supporting support sustainability and environmental stewardship.

Glencore in battery metal offtake deal with Missouri Cobalt

Mining News Pro - Glencore Plc agreed to an offtake deal with Missouri Cobalt LLC, giving the world’s biggest commodity trader more exposure to the crucial battery ingredient.

Glencore, Britishvolt to jointly build battery recycling plant in the UK

Mining News Pro - Miner and commodities trader Glencore (LON: GLEN) has tied up with electric vehicle (EV) battery start-up Britishvolt to build a new plant to recycle lithium-ion batteries in the UK.

Infinity Logistics to buy Glencore’s warehousing operation for $177m

Mining News Pro - Infinity Logistics and Transport Ventures has agreed to buy Glencore’s warehousing and logistics business Access World for $176.7 million, it said on Monday in a regulatory statement.

Glencore, Managem to produce cobalt from recycled batteries

Mining News Pro - Swiss commodities trader and miner Glencore (LON: GLEN) has partnered up with Moroccan mining company Managem to produce cobalt from recycled battery materials at a plant near Marrakech.

Glencore hits decade high on commodity price boom

Mining News Pro - Commodities giant Glencore Plc hit the highest in almost a decade, driven by rallies in everything from metals to coal and optimism for a years-long supercycle.

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