Glencore unit pleads guilty to bribery in Africa
A British subsidiary of Glencore (LSE: GLEN) formally pleaded guilty on Tuesday to the seven charges of bribery brought against the mining and commodities trader by the U.K. Serious Fraud…
Glencore plc
BHP to shut Mt Arthur coal mine as buyers walk
BHP’s (NYSE: BHP; LSE: BHP; ASX: BHP) planned exit from thermal coal has been modified as the company has decided to keep its Mount Arthur mine, New South Wales’ largest…
Colombia miners brace for environmental crackdown
Miners operating in Colombia are bracing for tighter environmental rules as the two anti-establishment presidential candidates that made it to a runoff on June 19, have promised stricter environmental rules…
Electric vehicles surpass phones as top driver of cobalt demand
Electric vehicles (EVs) overtook smartphones and other high-tech devices for the first time last year as the main driver of cobalt demand, with the sector consuming 59,000 tonnes of the…
Sandstorm Gold buys two royalty firms for US$1.1B
Canada’s Sandstorm Gold (TSX: SAND; NYSE: SAND) is growing in scale and size with the acquisitions of one royalty company and an extensive package from another for a combined total…
Glencore hails trading unit outlook, cuts copper guidance
Miner and commodities trader Glencore (LSE: 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…
Glencore to supply cobalt to GM in multi-year deal
Miner and commodities trader Glencore (LON: GLEN) has inked a multi-year agreement with General Motors (NYSE: GM) to provide the automaker with cobalt from its Murrin Murrin operation in Australia. The…
Osisko Metals to buy former Gaspé copper mine in Quebec from Glencore
Osisko Metals (TSXV: OM; OTC: OMZNF) has signed an option to purchase the former Gaspé copper mine from Glencore Canada. The mine, located near Murdochville, Quebec, was developed and operated…
Glencore paid $5.8B to governments in 2020
Swiss-based multinational miner Glencore (LSE: GLEN) has disclosed US$5.7 billion in taxes, royalties and other government payments in 2020. The diversified mining house says the Covid-19 pandemic caused major production…
Canada Nickel mulls using Glencore’s processing facility in Ontario
Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF) has inked a deal with Glencore (LSE: GLEN) to explore the potential use of the miner and commodities trader’s Kidd concentrator and metallurgical…
Zambia’s copper output increases as country defaults on foreign debt
9.45% rise in production comes as good news to Zambia, which skipped a $42.5 million payment on part of its international debt last week.
Glencore records US$2.6B loss, scraps dividend
Glencore (LSE: GLEN) posted a US$2.6 billion loss after write-downs for the first half of the year and scrapped its dividend, as the coronavirus pandemic dented global demand and lowered…