Glencore refinery in South Africa invests in cleaner fuels
Astron Energy, an affiliate of the global commodity trader Glencore will invest up six billion rands ($328 million) in order to install new equipment, and to become compliant with South…
Chinese copper smelters are struggling with margin collapse
Industry insiders say that major copper smelters in China, the world's largest consumer, have started equipment maintenance during March, traditionally peak demand season, to try and…
Glencore approached Li-Cycle battery recycler for possible deal
As part of its proposal to address operational and financial problems, Glencore (listed on the London Stock Exchange) has offered to buy Canadian lithium battery recycling firm Li-Cycle.
UK court orders Barrick to pay Hannam $2 Million for the Randgold merger
The High Court of London ruled that Barrick Gold Canada must pay British dealmaker Ian Hannam’s firm $2 Million plus expenses for the work he did on the acquisition by Randgold Resources.
Andy Home: Export ban on cobalt from Congo is not enough to eliminate the glut
The Democratic Republic of Congo has suspended cobalt exports for four months, a sign of how even the largest producer in the world is feeling the effects of historically low prices.
Sources: ERG declares force majeure for cobalt supplies from Congo
Two sources with knowledge of the situation said that Eurasian Resources Group has declared force majeure for deliveries of cobalt battery material from its Metalkol operations due…
Copper giant Chile is'monitoring" US probe on potential metals tariffs
The Chilean Foreign Ministry said that on Wednesday it was "monitoring' a U.S. investigation looking at potential new tariffs for copper imports, a critical metal used in electric vehicles…
Congo considers export quotas for cobalt to boost prices amid glut
Three sources with knowledge of the situation said that the Democratic Republic of Congo was considering cobalt export quotas in order to reduce oversupply of the metal and increase prices.
Vitol and Glencore receive $380 Million award in Nigerian LNG litigation
Court documents obtained by revealed that trading houses Vitol, Glencore, and their gas suppliers, trading firms Taleveras won a legal case in London against Nigeria's only liquefied gas (LNG)…
Vitol and Glencore receive $380 Million award in Nigerian LNG litigation
Court documents obtained by revealed that trading houses Vitol, Glencore, and their gas suppliers, trading firms Taleveras won a legal fight in London against Nigeria's only liquefied gas (LNG)…
Anglo writes off De Beers and continues with business overhaul
Anglo American reported a $3.1billion loss on Thursday, after writing down its De Beers business. The company is continuing to shed unwanted assets. Anglo wants to concentrate on iron…
S. Africa's Sibanye signs a chrome pact to Glencore amid a slump in platinum prices
Sibanye Stillwater, a miner with a diverse portfolio of operations, announced on Wednesday that it had signed a deal to manage chrome for Glencore's Merafe Venture South Africa in order…
Peru Copper Production to Decline in 2024 from 2.74 Million Tons
The Peruvian mining ministry announced on Friday that copper production in 2024 will be 2,736,150 tons, a 0.7% decrease from 2023. This was the first time the copper giant had declined…
Glencore rejects an approach to its DRC operations in the last year
Glencore, a commodity and mining trader, said that it rejected a non-invited approach by an unknown buyer at the end of the last year for its operations in Democratic Republic of Congo.
Trump relaxes the enforcement of US laws that prohibit bribery by foreign officials
Donald Trump, the U.S. president, signed an executive order on Monday directing that the Justice Department halt prosecutions against Americans accused of bribing officials of foreign…
Africa's biggest copper countries are focusing on trade profits
Africa's largest copper producers, Democratic Republic of Congo (DRC) and Zambia (Zambia), are working to get exposure to metal trading, as the surge in demand linked to artificial…
Glencore announces lower metals production by 2024
Glencore reported Thursday that it would lower its copper, cobalt and zinc production, as well as thermal coal, by 2024 in line with the guidance. The company reported that it would produce 951,600 tons of copper by 2024.
FTSE 100 drops as a stronger sterling hurts export-focused companies; Burberry soars
The UK's FTSE 100 fell on Friday as a rise in sterling hurt firms that export. Burberry, however, soared, after a strong U.S. Holiday season helped the luxury company beat its quarterly sales targets.
Six US LNG cargoes diverted to Europe by LNG traders
Analysts and shipping data indicate that traders diverted six cargoes of LNG bound for Asia into Europe in the first half of this month due to higher European prices, and weaker Asian demand.
Glencore opens to deals as investors prepare for more mining M&A
Glencore, the commodity and miner trader, said that it was open to M&A deals that created value for its investors. It is leveraging its position in the top three producers of copper globally.
