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Glencore to acquire Chevron’s South Africa, Botswana assets for $973m

By: Anine Kilian     6th October 2017 JSE-listed Glencore has entered into an agreement with Off The Shelf Investments Fifty Six (OTS) to acquire a 75% interest in Chevron South Africa, as well as a 100% interest in Chevron Botswana, for an aggregate consideration of $973-million. The assets comprise the interests of the Chevron... 

Striking workers at Quebec zinc plant reject contract

By: Reuters     3rd October 2017 Striking workers at North America's second-largest zinc processing plant, owned by the Noranda Income Fund, have rejected a wage and pension offer from the company, Noranda and the union representing workers said on Tuesday. Ninety-seven percent of the 371 workers who have been on strike at the... 

Glencore sells zinc mines to Trevali for $400m

By: Schalk Burger     1st September 2017 Global diversified mining company Glencore has sold its 80% stake of the Rosh Pinah mine, and its 39% interest in the Gergarub project, both in Namibia, as well as its 90% stake of the Perkoa mine, in Burkina Faso, to zinc-focused base metals miner Trevali Mining Corporation for a total... 

Glencore to acquire 49% of Hunter Valley Operations

By: Martin Creamer     27th July 2017 Diversified mining and marketing company Glencore announced on Thursday that it had signed agreements with Yancoal Australia Limited (Yancoal) to acquire a 49% interest in the Hunter Valley Operations (HVO) coal mine in New South Wales and form a joint venture (JV) following Yancoal's acquisition... 

The Gupta Emails

By: News24Wire      29th May 2017 A cache of damning e-mails between members of the Gupta family, some of their trusted lieutenants and President Jacob Zuma's son, Duduzane, has brought forward fresh details on the mechanics of the Guptas' dubious state capture strategies. City Press, News24's sister publication, on Sunday... 

Glencore maintains 2017 guidance after meeting 2016 targets

By: Natasha Odendaal     2nd February 2017 Diversified natural resources company Glencore on Thursday reported production in line with its guidance for the 12 months ended December 31, on the back of copper, zinc, coal and oil production suspensions. Copper production for the year under review fell 5% to 1.4-million tonnes, with higher... 

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