Glencore

Katanga Mining confirms suspension of copper/cobalt processing in the DRC

DRC - Katanga Mining, Glencore’s DRC-focused copper/cobalt company, has confirmed the decision to suspend the processing of copper and cobalt and expects it will last...

Glencore to raise $2.5Bn to reduce net debt and protect balance...

Glencore on Monday announced a fully committed proposed equity capital raising of up to US$2.5 billion to help reduce its net debt as financial...

Katanga Mining could suspend production for 18 months post business review

DRC - Due to the “challenging commodities environment”, Glencore’s Katanga Mining has commenced a review of its business which could result in up to...

Optimum coal mine resumes coal supply to Hendrina power station

Eskom and the business rescue practitioners for Optimum coal mine have agreed to commence negotiations regarding the coal supply agreement between the two companies. The...

Glencore optimistic that Optimum Coal can be rescued

The directors of Optimum Coal are of the view that if the Eskom supply agreement can be renegotiated, there is a reasonable prospect of...

Eskom seeks R2Bn penalty from Glencore for Optimum’s ‘poor quality’ coal

The relationship between SA power utility Eskom and mining giant Glencore continues to deteriorate as Eskom on Tuesday revealed it is seeking a R2...

Glencore to divest its Lonmin stake by way of capital distribution...

South Africa – Glencore announced on Monday that it intends to implement the divestment of its non-core 23.9% stake in Lonmin which it inherited...

Glencore ups SA ferrochrome, coal production

South Africa – Glencore, one of the world’s largest global diversified natural resource companies, has reported an increase in ferrochrome production for the March...

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