Rio Tinto misses its annual profit forecast on iron ore challenges
Rio Tinto missed its expectations for the annual underlying profit on Thursday as lower iron ore prices, amidst rising global supply, weighed down on its core business. However…
Glencore earned less money from energy sales despite selling more oil for the third consecutive year
The annual earnings of the commodity trader, mining group Glencore showed that it traded more oil in 2013 but made less money?from energy trading? for the third consecutive year.
Glencore returns $2 billion to its shareholders despite earnings decline
Glencore, the commodity trader and miner, announced its results for '2025 on Wednesday. This was just weeks after Rio Tinto, a larger rival, failed to make a takeover offer.
Take Five GRAPHIC: Giddy up
As the year of fire horse dawns, much of Asia will celebrate the Lunar New Year. This rare combination is said to combine elements of energy and volatility. The markets will…
Take Five: Giddy up
As the year of fire horse dawns, much of Asia will celebrate the Lunar New Year. This rare combination is said to combine elements of energy and volatility. The markets will…
Can Africa win the mineral race between China and the West? Russell
Two rail projects worth billions of dollars are underway in Africa. One project was aimed westward, and the other eastward. The one backed by Western nations, the other by China.
Can Africa win the mineral race between China and the West? Russell
Two rail projects worth billions of dollars in Africa. One project was aimed west and the other east. The one backed by Western nations, and the other by China. Both aim to ship huge quantities of critical minerals.
US takes on Chinese dominance in the race for African minerals
Diplomats, executives and analysts have said that the U.S. uses offtake agreements and state-backed financing to compete with China?in a short time frame? in order to secure supplies of African cobalt…
Glencore focuses on short-term disposals while Rio deal remains elusive
Glencore, the Swiss-based mining company, is likely to sell assets to bolster its copper portfolio after failing to merge with Rio Tinto. The two companies have called off talks…
Australia's biggest takeover bids never came to fruition
The merger talks between Rio Tinto & Glencore failed after both sides could not resolve their differences on valuation. This ended months of negotiations about a tie up that…
Rio records record for Glencore exit, but banks and miners are sapping Australian shares
Australian shares continued to fall on Friday, as an index-wide sale led by banks and miners saw a decline in the market. Rio Tinto reached its highest level to date after abandoning…
Rio Tinto and Glencore abandon plans to create the world's largest mining company
Rio Tinto has ended takeover negotiations with Glencore after months of talks over a tie up that would have reshaped global mining. The merger was first announced in January…
Sources say that Rio Tinto will ask for more time to consider the Glencore deal.
Three people with knowledge of the talks said that Rio Tinto and Glencore will announce a delay in the merger talks before a UK regulatory deadline this Thursday. This is to…
The Financial Times reports that Rio Tinto wants to be at the forefront of Glencore merger discussions.
The Financial Times reported that Rio Tinto wants to keep its chairperson and CEO, but Glencore wants a large premium. This is because the deadline for any potential merger is approaching.
Glencore is in talks with a US-backed consortium to sell a 40% stake in DRC mining to Glencore
Glencore has been in discussions to sell a 40 percent stake in its copper-and-cobalt operations in the Democratic Republic of Congo. The assets are valued at $9 billion, including debt.
Sources say Glencore is close to appointing Citi for merger talks with Rio Tinto as a consultant.
Two people familiar with the matter said that the Swiss miner Glencore was close to appointing Citi as its "lead investment banking firm" for its potential acquisition of Rio Tinto…
Glencore's copper production for 2025 is down 11%, as Rio Tinto and Glencore merge.
The company reported on Thursday that Glencore's production of copper will decline by 11% between?2025 and?2030, despite higher copper grades at various mines, which boosted output in the second half.
China may require asset sales in the Rio Tinto-Glencore merge to win them over
Rio Tinto and Glencore's proposed merger could require asset sales in order to gain regulatory approval from China, the world's largest commodity buyer. China has long-standing…
China may require asset sales in the Rio Tinto-Glencore merge to win them over
The proposed tie-up of Rio?Tinto with Glencore may require asset sales in order to gain regulatory approval from China, the world's largest commodity buyer. China has long-standing…
Rio Tinto will supply copper to Amazon to build AI data centers
Rio Tinto announced on Thursday that it will supply copper it leaches from a mine in Arizona to Amazon.com, for use in its artificial intelligence data centers. The move highlights…