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.
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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.
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Visit: 86
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.
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Visit: 133
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.
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Visit: 160
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.
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Visit: 178
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.
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Visit: 136
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.
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Visit: 84
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.
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Visit: 308
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.
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Visit: 121
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.
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Visit: 281
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.
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Visit: 229
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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Visit: 149
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.
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Visit: 246
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.
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Visit: 287
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.
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Visit: 246
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
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Visit: 371
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.
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Visit: 347
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.
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Visit: 262
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.
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Visit: 475
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.
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Visit: 356
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.
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Visit: 282
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.
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Visit: 301
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.
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Visit: 107
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.
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Visit: 329
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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Visit: 158