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Glencore says signs labour pacts at most of its Australian coal mines

By: Reuters     8th December 2017 Global miner Glencore on Friday said it had reached new labour agreements with workers at 13 of its coal mines in Australia, ending months of negotiations over wages and benefits. The agreements are in the process of being finalised and include each of Glencore's Hunter Valley collieries in New... 

Glencore bets big on car battery metals

By: Reuters     5th December 2017 Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards. The Anglo-Swiss company's output of cobalt and copper... 

In shadow of Opec's noisy oil cuts, Asia's miners quietly tightened coal supplies

By: Reuters     22nd November 2017 Australian and Indonesian miners have quietly done in the last two years what Opec has been shouting about: tighten coal markets and prop up prices. The informal coal output reductions, unlike the official cuts in place since January led by the Organization of the Petroleum Exporting Countries... 

Glencore sees quarterly production decreases

By: Anine Kilian     30th October 2017 While dual-listed Glencore’s copper and nickel production fell in the third quarter, the diversified miner said on Monday that this would not impact full year earnings. Copper production of 946 500 t for the quarter ended September 30 was 11% lower than the comparable quarter in 2016, owing to... 

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... 

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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