Glencore Ready to Snap up Assets after Profit Rebound
Commodities trader and miner Glencore reported an 18 percent rise in 2016 profit on Thursday, buoyed by a rebound in raw material prices, and said it was well-placed financially…
Cerrejon's Coal Exports, Output Fall in 2016
Output and exports of coal by Cerrejon, Colombia's biggest coal producer, fell in 2016 for the second straight year, the company said on Tuesday. Production reached 32 million tonnes…
China Leverages Gas Prices In Shell-BG Review
Chinese regulators ask Shell to cut long-term LNG prices. Chinese regulators vetting Royal Dutch Shell's proposed merger with BG Group are pressing the Anglo-Dutch company to…
Glencore Woes Cast Shadow over Coal M&A
Glencore's efforts to reduce debts to turn around its share price will limit its ability to do deals on coal assets and its absence is expected to slow consolidation in the depressed sector.
Glencore Slump Spoils Appetite for IPOs
Private trade houses less likely to become asset heavy; Olam, Noble, Glencore experiences urge caution. Two shareholder revolts in the space of six months at listed commodities…
X2 Turns to Coal for First Deal
X2 Resources, the private equity fund set up by former Xstrata boss Mick Davis, is now in initial bi-lateral talks to buy some of Rio Tinto's Australian coal assets, a source close to the situation said on Tuesday.
Shell-BG Deal Tests China's Antitrust Pledge
Royal Dutch Shell's $70 billion bid for BG Group Plc will put to the test a pledge by China's antitrust regime to be more transparent, after it faced strong criticism last year from the United States and Europe.
Glencore 2014 Profit Falls on Commodity Prices
Glencore took an impairment charge of $1.1 billion on lower commodity prices on Tuesday as the miner and commodity trader posted a 2 percent fall in 2014 core profit, meeting analysts' forecasts.
Rio Tinto Energy Chief Let Go
Mining firms aim for simplification rather than growth; Rio's coal division worth at least $3.6 billion-Jefferies. In its latest effort to slash costs as commodity prices fall…
Glencore Spinning Off Lonmin Stake, Cutting CapEx
Lonmin shares down 6 pct, Glencore shares little changed. CAPE TOWN, Feb 11 (Reuters) - Miner and commodities trader Glencore will spin-off its stake in troubled platinum producer…
Workers at Peru's Biggest Copper Mine to Strike
Workers at Peru's top copper and zinc mine, Antamina, will go on a new indefinite strike on Wednesday to continue pushing for a bonus and other benefits, a union leader said.
Antamina: Weaker Output to End Over Medium Term
The mine, in which BHP Billiton and Glencore Xstrata each have 33.75 percent stakes, produced 246,851 tonnes of copper in the first eight months of 2014, 14 percent less than in the same period a year earlier.
Glencore-Rio Proposal Not the Right Iron Ore Deal: Russell
The hullabaloo surrounding Glencore Plc's spurned approach to rival miner Rio Tinto shows why this is probably the wrong deal at the right time. Glencore's proposal to create…
Chad Aims to Double Oil Output
Production at 130,000 bpd by end-2014, 260,000 bpd by 2016; firms assessing mineral deposits including gold, nickel. But, Chad sees ongoing security costs amid regional instability.
Rio Tinto rejects Glencore Merger
Glencore approached Rio Tinto about a merger in July. A tie-up would have created the world's biggest miner. No further talks with Glencore after rejecting bid-Rio. Rio Tinto…
Thermal Coal Prices Edge up on Utility Orders
Thermal coal prices rose slightly on Thursday on the back of utility orders ahead of the peak demand winter season, but rises were capped by falling oil markets and because of a weaker economic outlook in China.
Chilean Court Rejects Appeal Against Crow River Project
Chile's Supreme Court on Thursday rejected an application for an environmental organization against Crow River hydroelectric project, which plans to build in the south of the…
Glencore Gets $7 Billion from Las Bambas Sale
Glencore Plc said it received $7 billion from the sale of one of the world's largest copper projects, the Las Bambas mine in Peru, and is expected to return at least half the cash to its shareholders.
Reps to Negotiate End to Colombian Mine Strike
Mechanics at Colombia's largest coal mines will meet on Tuesday with contractor Dimantec and representatives from the labor ministry in an effort to negotiate an end to a 12-day strike.
Cerrejon Coal Mine Partially Closed Due to Dust
Colombia coal producer Cerrejon has slowed operations in the southern zone of its mine in order to keep particulate levels within legal limits amid a lack of rainfall, but said…
