Peru copper mine hit by vandals

A 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…

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Glencore to pay US$180 million to DRC for past corruption

Glencore has reached an agreement with the Democratic Republic of Congo covering all present and future claims arising from alleged acts of corruption by the miner in the DRC between 2007 and 2018. Under the agreement, Glencore International AG, on behalf of its Congolese-associated companies, will pay the DRC US$180 million and will continue to implement the Ethics and Compliance…

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Glencore gains larger stake in MARA project

Glencore will soon own 43.75% of the MARA project in the Catamarca province of Argentina after entering an agreement to acquire Newmont’s 18.75% shareholding. Under the terms of the deal, Glencore will pay Newmont $124.9 million upon closing and a $30 million deferred payment upon commercial production subject to an annual interest charge of 6%. Total deferred consideration is capped…

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Colombian government asks nation’s coal mines to up exports

The government of Colombia is reportedly requesting the coal mines in the nation to increase their exports to European, Central American and Caribbean countries as each requests additional supplies amid the Ukraine crisis. Mines and Energy Minister Diego Mesa Puyo told Reuters that, with the shake-ups in global energy flows, it has entered talks with Glencore’s Cerrejon mine in the…

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