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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More than 600 members of the United Steelworkers union have gone on strike at Glencore’s Raglan nickel mine in the Nunavik region of Quebec, Canada, suspending production. Read full article.
Read MoreThe 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…
Read MoreAustralian energy infrastructure company APA Group said it has entered into a variation of an existing offtake agreement for the 15-year supply of renewable electricity with Mount Isa Mines, a Glencore company.
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