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.
Articles Tagged "lse:glen"
Zinc – Donner Metals Ltd. (TSXV:DON) announced that drill results from the McLeod Deep Zone, released by its partner and project operator, Glencore Xstrata plc (LSE:GLEN), include 9.49-percent zinc, 1.75-percent copper, 52.96-percent silver and 1.03 g/t gold over 34.8 meters.
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.
Nickel – The nickel market is set to record a 90,000 MT surplus in 2013. Here's a look at what factors are at play in the situation and what needs to happen for that surplus to be reduced.
Coal – The Wall Street Journal reported that Glencore Xstrata plc (LSE:GLEN) is going to shelve its plans for a new coal export terminal in Queensland, Australia. The decision reportedly comes on the back of the company's concern about the medium-term outlook for the coal industry.
Cobalt – Glencore is making a bet on Zambian cobalt — will other miners move to tap the nation’s significant potential?
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.
Copper – Reuters reported that 79 percent of Xstrata (LSE:XTA) shareholders approved a merger with Glencore International (LSE:GLEN), but did not do the same for an executive pay plan that has been touted as essential to keeping key managers on staff.
Nickel – Bloomberg reported Xstrata Plc (LSE:XTA) says investors are quite confident Glencore International Plc (LSE:GLEN)’s $31 billion bid will get their approval.
Iron – Mining Weekly reported Glencore (LSE:GLEN) is considering an offer from Anglo American (LSE:AAL) for a stake in the Amapa iron ore operation.