Glencore has abandoned plans to sell its 70% interest in Kazakhstan-based miner Kazzinc after potential buyers failed to match its valuation, reported Bloomberg. Sources familiar with the situation told the media outlet that Glencore has sent a termination letter to the unnamed bidders. Headquartered in Oskemen, Kazzinc is Kazakhstan’s largest producer of zinc, lead and precious metals. The company has…
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Two male workers from Glencore’s Mount Isa operations in Queensland received burn injuries in an incident at the complex’s copper smelter on 25 April. Glencore has not yet made any public statement, but per an ABC North West QLD report, the two have serious burns and one was in an induced coma and on breathing assistance in Brisbane for burns…
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Komatsu has now surpassed 700 commercial deployments of its FrontRunner autonomous haulage system (AHS) as of February. The achievement was met last month and includes over 100 units of the 980E-AT, one of the world’s largest ultra-class dump trucks capable of carrying 400 tons. The 700th AHS truck was deployed at Glencore’s Lomas Bayas copper mine in Chile, which first…
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Rhovan, a Glencore Ferroalloys managed vanadium mining and processing facility in South Africa, has commenced construction of a 25-megawatt solar photovoltaic plant that is expected to supply approximately 30% of the operations’ annual energy demand.
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A consortium led by Glencore has agreed to acquire Teck Resources’ steelmaking coal unit for $9 billion, marking one of the largest deals in the mining sector, according to Reuters. Glencore will own 77% of the business in a $6.9 billion cash deal, while 20% will go to Japan’s Nippon Steel Corp., which already holds a 2.5% stake. South Korea’s…
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After 60 years of copper mining, Glencore said it will close the Mount Isa Mines’ underground copper operations (Enterprise, X41 and Black Rock) and copper concentrator in the second half of 2025. Full story.
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Wabtec Digital Mine has launched its latest Generation 3 Collision Avoidance System (CAS) to enhance safety and productivity, as well as provide a new level of performance with a rules and intelligence capability. The Generation 3 CAS incorporates a brand new, cleaner, simpler user interface with context-based voice alerts that have been built using the latest human factor design. It…
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Canadian miner Teck Resources has rejected an unsolicited $22.5 billion offer from Glencore, citing reluctance to expose its shareholders a large thermal coal business, an unwanted oil trading business and significant jurisdictional risk, reported Reuters. Glencore’s proposal was to merge with Teck and to simultaneously demerge their combined metals and coal businesses to create MetalsCo and CoalCo. The remaining company…
Read MoreA Glencore copper operation in Peru has been targeted by vandals amid a rash of protests in the southern Andes, according to reports. Reuters said on 12 January that political protestors attacked the Antapaccay copper mine that day, citing a statement from a top mining official. The country is currently in the throes of its worst civil unrest in several…
Read MoreGlencore’s plan to develop the Sukunka steelmaking coal project in Western Canada has hit a major hurdle: the government’s rejection. Full article.
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