Tighter scrutiny won’t derail mining M&A, execs say
REGULATORY scrutiny of major mining mergers is intensifying as governments focus more closely on critical minerals and security of supply amid geopolitical uncertainty, Reuters…
Metals of war: why US Govt has weaponised mining
Eighteen mining companies went public in the past 12 months with one aim in common: an ambition to supply the US government’s defence industry. Assisted by US President Donald…
Analysts eye M&A angle in Glencore’s Sydney listing
AUSTRALIAN analysts say Glencore’s plan for a secondary listing on the ASX could pave the way for future mergers and acquisitions. The listing plan comes as a six-month…
Glencore targets ASX listing as energy drives profit surge
GLENCORE is to pay a special interim cash payment of about $1bn and announced a $500m share buy-back following a strong half-year showing driven largely by its marketing…
Blackrock keen on M&A between major miners
BLACKROCK supports further mergers among large mining companies, arguing that greater scale would attract generalist investors and unlock the capital needed to develop the…
Farewell but not goodbye to ‘GlenTinto’, analysts say
THE failure of Rio Tinto and Glencore to agree on a proposed $240bn merger in February was, as one prominent bank described it, met with a “sigh of disappointment”. “Too bad.…
Glencore boss eyes fresh merger talks with Rio Tinto
GLENCORE CEO Gary Nagle is hoping a recent surge in coal prices will help bring Rio Tinto back to the table for another attempt at creating the world’s biggest mining company,…
Glencore buys cobalt hoard for US defence stockpile
GLENCORE has agreed to purchase nearly 2,000 tons of cobalt from industry veteran Rami Weisfisch in a deal worth close to $115m at current prices, said Reuters citing two sources…
Glencore confident of ferrochrome tariff relief soon
GLENCORE CEO Gary Nagle said he was confident Eskom will grant the group a 54% electricity tariff reduction before the end of February, a development that would enable the group…
Glencore to extend KCC in land deal with Gécamines
GLENCORE said on Wednesday an agreement with Gécamines to access additional land titles had boosted ambitions to increase production from its Kamoto Copper Company (KCC) in the…
Glencore-US Govt is the perfect relationship rebound
MINING houses of the ilk of Rio Tinto and Glencore are the standard-bearers of industry consolidation. So how do you consolidate the consolidators? With great difficulty, it…
Rio, Glencore terminate merger talks over lack of premium
RIO Tinto terminated merger discussions with Glencore on Thursday after refusing to offer a control premium for the Swiss headquartered business. In its announcement, Rio Tinto…
Glencore in talks to sell DRC copper assets for $9bn
GLENCORE said on Tuesday it was in talks to sell a 40% stake in its copper and cobalt mines in the Democratic Republic of Congo. A memorandum of understanding had been signed…
Time is ripe for a Rio Tinto, Glencore merger
NOW we know why Glencore CEO Gary Nagle refrained from restructuring the company last year. Instead of spinning out coal or selling the group’s trading business, which was one…
Glencore confirms all-share merger talks with Rio Tinto
GLENCORE announced on Thursday evening it was in talks with Rio Tinto about a possible merger between the two companies. “Glencore notes recent media speculation and confirms…
The copper core
ON December 3 diversified miner Glencore rolled out plans for new copper projects totalling $14bn in expenditure. That increases to $24bn should it develop El Pachón, a project…
Glencore to reopen Alumbrera as targets 1.6mt/y in copper output
GLENCORE annnounced today the restart of its Alumbrera mine in Argentina by late 2026 as it sought to give fresh momentum to its struggling copper division. Amid a downgrade of…
Miners search for scale in era of minerals diplomacy
The dial has been turned up in the global mining industry. New mines worth an estimated $5-trillion are required over the next 10 years to supply the critical minerals for AI…
Glencore trims copper guidance despite strong Q3 recovery
GLENCORE trimmed the upper end of its copper production forecast for 2025 despite a strong recovery in the metal’s output in the third quarter. Full year output of the red metal…
BHP projects image of calm as M&A gyrations begin
IT has been three years into a copper price bull run, yet it’s surprising how troubled some of its largest producers are. Rio Tinto, Anglo American and Glencore, accounting for…