Copper – According to The Wall Street Journal, two Chinese mining firms, MMG Ltd and Jiangxi Copper Co, have submit bids for Glencore Xstrata's Peruvian copper project.
Articles Tagged "glencore"
Copper – Platts reported that Glencore/Xstrata's (LON:GLEN) Las Bambas copper project in Peru has been put up for sale in line with Chinese regulatory requirements.
Copper – The Sydney Morning Herald reported that a planned $110 million expansion at a Glencore Xstrata mine in NSW is being called into question after they fired the contractor hired for the job.
Copper – Bloomberg reported that Peru expects that the eventual buyer of the Xtrata owned Las Bambas project, that was put up for sale after the Glencore takeover, will stick to Xstrata's original development plans.
Copper – Mining Weekly reported that Xstrata CEO Mick Davis is stepping aside to fulfil one of the conditions required for the Glencore takeover, as laid out by the Chinese Ministry of Commerce (Mofcom).
Zinc – Bloomberg reported that Glencore had to end its agreement with Nyrstar, the world’s biggest zinc producer, due to competition concerns after buying miner Xtrata.
Copper – Reuters reported that Glencore has cleared the final hurdle that stood in their way of their takeover of Xstrata after they agreed to sell a $5.2 copper mine to ease their monopoly on the sector.
Copper – Reuters reported that Glencore is widely expected to agree to Chinese concessions in order to complete the Xstrata takeover.
Cobalt – The Street reported that Zambia could potentially become one of the biggest producers of cobalt globally with a $27 million investment from Glencore its Nkana cobalt plant, where production is anticipated to increase to rise 7,000 metric tons a year.
Copper – Bloomberg reported that Glencore's proposed takeover of Xstrata is coming up against delays from China's competition regulator, but that talks are expected to resume soon.