Articles Tagged "lse:glen"

DRC’s Confidence in Cobalt Export Ban May be Misplaced

Cobalt – Martin Kabwelulu, the DRC's minister of mines, is confident that the country's ban on the export of cobalt and copper concentrates will go into "full effect" in the summer, but previous attempts at instating similar bans have failed.

Australia’s Coal Giants Seek to Shed Port Assets

Coal – The Wall Street Journal's Asia MoneyBeat reported that major coal miners operating in Australia — like Glencore Xstrata plc (LSE:GLEN) and Yancoal Australia Ltd. (ASX:YAL) — are eager to auction off port assets worth "tens of millions of dollars" that were hot assets only a year and a half ago. That indicates that they are not confident that coal prices will rebound in the near future.

Kazzinc, Verny Capital Pay $200 Million for Two Kazakh Gold Deposits

Gold – Reuters reported that two gold deposits located in Northern Kazakhstan have been bought by Kazzinc, a zinc producer controlled by Glencore International (LSE:GLEN) and Verny Capital, a Kazakh investment company, for around $200 million. Together, the deposits' reserves amount to 70 tonnes.