Glencore plc
Glencore plc
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World-leading cobalt supplier Glencore will back FCC’s ambition to become the first North American refiner of battery-grade cobalt sulfate, signing a MoU to supply feedstock and financing for recommissioning its 100%-owned refinery in Ontario, Canada.
Glencore will collaborate on final flowsheet design with a view to bringing the 2,000-2,500tpa carbon in sulfate refinery into operation in 18-24 months, evaluate capital loan funding and enter a tolling agreement.
(SOVEREIGN RISK)
The world’s leading supplier of emeralds, rubies and other coloured gemstones continues the mining sector’s attempts to tackle the Zambian government over its demands for a greater share of mineral resource profits.
Global miner/trader Glencore has lowered its 2019 copper output target following severe flooding in Australia and safety outages in Zambia that led to a 7% year-on-year drop in production to 320,700t in the Mar 2019 qtr (Q1 19), Reuters reports.
Glencore has eased its 2019 copper expectations to 1.46Mt, plus or minus 30,000t, down from an earlier forecast of about 1.54Mt. It cited safety-related stoppages and smelter outages at the Mopani copper mine in Zambia for its Q1 19 shortfall.
Aeris Resources’ $US575M ($A812M) cash, shares and a royalty bid for global miner/trader Glencore’s CSA mine in Australia’s central New South Wales has fallen over.
Aeris says it’s been unable to come to agreeable terms with Glencore after offering about $525M cash and $50M Aeris shares, with funding to be finalised.
Mining/trading giant Glencore’s McArthur River zinc operations in N Australia are returning to normal after a weekend cyclone, while ports in Western Australia’s N regions remain closed following the arrival of a 2nd cyclone, Reuters reports.
The 2 cyclones made landfall over the weekend, forcing miners to suspend operations and evacuate workers. The major affected are Glencore’s zinc operations, Rio Tinto’s Weipa bauxite operations and the WA Pilbara iron ore export hubs.
Western Australia’s big iron ore export ports remain closed today, but with the threat from the 2 cyclones which crossed Australia’s top-end at the weekend easing
Communities and mining operations across the top of Australia are battening down as 2 cyclones gather strength and hit the Northern Territory, Queensland and Western Australia coasts from tomorrow morning.
Commodity giant Glencore has suspended operations at its McArthur River mine, one of the world's largest zinc-lead-silver mines in the Gulf of Carpentaria, 970km SE of Darwin, in the NT, with a state of emergency in the region declared as Cyclone Trevor approaches.
Copper miner Aeris Resources has confirmed it's in late-stage discussions to buy the CSA underground copper mine in Australia’s central New South Wales from global miner/trader Glencore for $US575M ($A812M) cash, shares and a royalty.
Australia-based Aeris Resources is in late stage discussions with Glencore to buy its CSA copper mine for $812M. By Mark Mentiplay
International miner Yamana Gold has reached agreement with its Alumbrera project partners Glencore and Goldcorp on the long-planned integration to facilitate the development and operation of its Agua Rica project in Argentina.
The agreement recognises the significant synergies of treating Agua Rica's 4.5Mt copper and 6.5Moz gold reserves using the existing infrastructure at neighbouring Alumbrera, where openpit mining ended in 2018.