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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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 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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After more than 100 days, more than 630 union workers at the Glencore Raglan operation in Quebec, the province’s largest nickel mine, are headed back to work with a new contract. Read full article.
Read MoreGlencore has entered into a 10-year alumina supply and aluminium offtake agreements with Malaysian-based Press Metal Bintulu, one of the leading global producers of green aluminium. Read full article.
Read MoreThe Australasian Institute of Mining and Metallurgy (AusIMM) has tapped a new president for 2023 with the election of Nicole Brook. Read full article.
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Epiroc has won a large order from Glencore to supply battery electric and automation equipment to the Onaping Depth nickel and copper project in Ontario, Canada, that is set to begin production in 2024. Read full article.
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