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Glencore International PLC

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  • DUBAI, July 4- Iran's oil minister Bijan Zanganeh will soon present a long-awaited template for new international oil contracts to the government, as foreign companies watch for a nuclear deal that could allow them into a major untapped market. "The oil minister will soon lay out the new model for Iran's international oil contracts to the council of ministers,"...

  • *Glencore takeover risk rises as shares fall. LONDON, July 2- Anglo American is planning to cut between 5 and 20 percent of staff at head offices around the world, sources close to the matter said, in an effort to keep shareholders on side and respond to a commodity price rout that has hit profits. Anglo American declined to comment.

  • *Glencore takeover risk rises as shares fall. LONDON, July 2- Anglo American is planning to cut between 5 and 20 percent of staff at head offices around the world, sources close to the matter said, in an effort to keep shareholders on side and respond to a commodity price rout that has hit profits. Anglo American declined to comment.

  • LONDON, July 1- Global mining firm Glencore said on Wednesday it would go ahead with a plan to close some operations at its Optimum Coal subsidiary in South Africa due to weak coal prices, a move which will result in the loss of 600 to 700 jobs. South Africa's National Union of Mineworkers had bitterly criticized the company's plan to shut down these assets, accusing...

  • LONDON, July 1- Global mining and trading company Glencore said on Wednesday it would go ahead with its plan to close some operations at its Optimum coal assets in South Africa, which will result in the loss of 600-700 jobs.

  • *Glencore seen as main competitor for coal assets deals. Davis set up X2 Resources in 2013 only months after commodity group Glencore took over Xstrata. His fund has raised about $5.6 billion and has six main private investors, which include commodity trader Noble Group and private equity group TPG Capital, an Abu Dhabi investment fund and a Canadian pension...

  • LONDON, June 30- X2 Resources, the private equity fund set up by former Xstrata boss Mick Davis, is now in initial bi-lateral talks to buy some of Rio Tinto's Australian coal assets, a source close to the situation said on Tuesday. The mining industry veteran is also considering buying some coal mines Anglo American has put up for sale in Australia, sources close to X2...

  • SANTIAGO, June 23- Workers at Chile's massive Collahuasi copper mine on Tuesday said they would not back down in a conflict with employers and urged miners elsewhere to stage a national strike. The principal union at the Collahuasi mine, owned jointly by Glencore Plc and Anglo American Plc, described the firing of 31 striking workers eight days ago as "...

  • MOSCOW/ LONDON, June 14- Some of the world's most powerful oil executives will attend Russia's top investment show this week, once again helping the organisers shrug off a meagre turnout from other leading Western industrialists and bankers. Many CEOs and chairmen from major U.S. and European firms withdrew from last year's St Petersburg International...

  • Big Oil saving Putin top investor show again Sunday, 14 Jun 2015 | 11:26 AM ET

    MOSCOW/ LONDON, June 14- Some of the world's most powerful oil executives will attend Russia's top investment show next week, once again helping the organisers shrug off a meagre turnout from other leading Western industrialists and bankers. Many CEOs and chairmen from major U.S. and European firms withdrew from last year's St Petersburg International...

  • The market has been looking for metal to resurface ever since the mass raid on LME inventories back on March 20. What is surprising, though, is the location of yesterday's inflow since the LME "Street" had convinced itself the metal was heading to South Korea. NOW YOU SEE IT, NOW YOU DON'T The March 20 cancellation of 98,350 tonnes of lead, equivalent to around 40...

  • *Qatar Holding is biggest shareholder in Glencore. *QKR backed by Qatar and Poland's richest man. LONDON/ VANCOUVER, June 9- An investment review at Qatar's wealth fund could lead to a cut in money allocated to the mining sector, potentially hitting ventures such QKR Corp, according to five sources familiar with the matter.

  • LAUNCESTON, Australia, June 5- Indonesia appears to be doing more of the heavy lifting than Australia when it comes to cutting coal output and exports in the face of persistently weak prices. Coal production in Indonesia, the world's largest exporter of the fuel used in power stations, dropped 21 percent year-on-year in the first quarter to 97 million tonnes.

  • *PwC still sees long-term growth from China. Despite the challenges, PwC said demand for copper and other metals was likely to rise over the longer-term from the world's top consumer, China. The survey, titled "The Gloves are Off", includes firms such as Goldcorp Inc, Glencore, Shandong Gold Mining and Anglo American.

  • LONDON, June 2- Aluminium premiums have gone into meltdown. In Europe, the premium for duty unpaid aluminium has collapsed from more than $400 per tonne over London Metal Exchange cash at the start of January to less than $100 per tonne last month. In Japan, the opening premium offers for third-quarter shipments are coming in at $130- 160 per tonne, compared with $425...

  • BOGOTA, June 2- Colombia's Constitutional Court has extended a restriction on the overnight use of the country's main coal railway, Fenoco, and has partially suspended construction work on an adjacent track for three months, it said on Tuesday. After imposing a ban in February on trains crossing the town of Bosconia in Cesar province for a six-hour overnight...

  • LONDON, June 2- Aluminum premiums have gone into meltdown. In Europe, the premium for duty unpaid aluminum has collapsed from more than $400 per tonne over London Metal Exchange cash at the start of January to less than $100 per tonne last month. In Japan, the opening premium offers for third-quarter shipments are coming in at $130- 160 per tonne, compared with $425 in...

  • BOGOTA, June 2- Colombia's Constitutional Court has extended a restriction on the overnight use of the country's main coal railway, Fenoco, and has partially suspended construction work on an adjacent track for three months, media reported late on Monday. After imposing a ban in February on trains crossing the town of Bosconia in Cesar province for a six-hour...

  • PARIS, May 21- Rich countries should help developing countries like India limit their carbon emissions by supporting the building of more expensive but cleaner energy plants, Glencore chairman Tony Hayward said on Thursday. Hayward said that India, where hundreds of millions of people have no access to electricity, is about to build 200 gigawatts of...

  • NEW YORK, May 19- Cable and wire manufacturer Southwire has taken steps to ensure supplies to its Kentucky rod plant continue, a spokesman said on Tuesday, as a lockout at supplier Century Aluminum Co's nearby smelter enters its second week. Century, controlled by Glencore Plc, does not expect production to be affected at the smelter during the dispute, Century...