Menu

Glencore Zinc Transaction with Trevali

 

Glencore plc announce that it has entered into a definitive agreement with Trevali Mining Corporation, whereby Trevali will purchase Glencore's 80% interest in the Rosh Pinah mine in Namibia and 90% interest in the Perkoa mine in Burkina Faso.

Read more...

New strategic Partnership between Glencore and Qatar Investment Authority relating to Rosneft

Glencore and QIA have concluded various agreements which provide for the establishment of a 50:50 consortium (the Consortium).

The Consortium has entered into agreements in connection with the further privatisation of Rosneft whereby the Consortium will acquire from Rostneftegaz a 19.5% interest in the issued share capital of Rosneft (the Shares) for €10.2 billion (the Consideration). Under the proposed arrangements, Glencore will commit €300 million in equity (the Glencore Equity) and QIA will commit €2.5 billion in equity to the Consortium with the balance of the consideration for the acquisition of the Shares to be provided by non-recourse bank financing, principally by Intesa Sanpaolo S.pA., with Russian banks also providing financing and credit support.

Read more...

Glencore: 2016 Half-Year Report - further Losses

"Delivering on our debt reduction plan, underpinned by industry-leading cost performance and robust operating cash flows"

Glencore's Chief Executive Officer, Ivan Glasenberg, commented: "Since we announced our measures to reduce debt levels last September, we have made considerable progress towards achieving our goals.

Read more...

Glencore2016 Half-Year Production Report

Production highlights

  • Production, as expected, was down period-on-period in commodities where we previously announced, and are delivering on, proactive supply reductions (copper, zinc, lead, coal and oil).
  • Own sourced copper production of 703,000 tonnes was 4% down on H1 2015, due to the previously announced curtailments at our African operations, partly offset by generally higher grades in South America.
Read more...

Geotechnical Failure at Katanga Mining Limited - Update 2

Glencore notes the update made by Katanga Mining Limited. The search for the remaining five individuals continues led by 20 search and rescue professionals. All available resources have been allocated to the team. Katanga continues to work closely with the relevant authorities and is providing all the necessary support for the families of the affected individuals.

Read more...

2015 Annual Report of Glencore plc

Glencore has today:

  • published its Annual Report for the year ended 31 December 2015 on its website www.glencore.com as required by DTR 6.3.5 R (3); and
  • submitted a copy of the Annual Report to the UK National Storage Mechanism in accordance with LR 9.6.1 R.
Read more...

Glencore Production Report for the 12 months ended 31 December 2015

Production highlights

  • Own sourced copper production was down 3% to 1,502,200 tonnes in 2015, reflecting the suspension of processing operations at Katanga and a significant curtailment at Mopani. These volume reductions were partly offset by increases at Antapaccay (restart of the Tintaya mill in May 2015) and Antamina (strong milling performance).
Read more...

Thiess awarded Contract at Mt Owen Mine in Australia

Cimic Group’s global mining contractor, Thiess, has been awarded a contract with revenue of $760 million to operate Glencore’s Mt Owen Coal Mine. The agreement extends on Thiess’ 20-year involvement at the mine, which is located near Ravensworth in the Hunter Valley, NSW.

Read more...

Glencore to reduce Mine Production of Zinc Metal

Glencore is announcing today a 500,000 tonne reduction of contained zinc metal mine production across its operations in Australia, South America & Kazakhstan. The main reason for the reduction is to preserve the value of Glencore’s reserves in the ground at a time of low zinc and lead prices, which do not correctly value the scarce nature of our resources.

Read more...
Subscribe to this RSS feed
georesources.net Real PR georesources.net Trust