Glencore hopes for FTSE fillip to aid Xstrata deal

Glencore's bruised stock could get a boost after a lock-up on a large slice of employees' shares expires, in a welcome lift for the commodities trader as its $30-billion bid for miner Xstrata nears the final stages. The release on Thursday of...

Miners will battle resource grabs - Glencore

Mining companies will fight growing resource nationalism and could pull out of countries where governments are demanding too large a share of the pie, commodities giant Glencore warned on Friday, a day after Argentina nationalised the country's...

Hyperactive Glencore nabs Namibian zinc mine

JOHANNESBURG (miningweekly.com) – The hyperactive London-listed Glencore, headed by the South African-born Ivan Glasenberg, has bought the age-old Namibian zinc mine, Rosh Pinah, in a pair of rapid-fire Southern African transactions.

Hyperactive Glencore nabs Namibian zinc mine

The hyperactive London-listed Glencore, headed by the South African-born Ivan Glasenberg, has bought the age-old Namibian zinc mine, Rosh Pinah, in a pair of rapid-fire Southern African transactions. In the first deal, Glencore has bought the...

Vladimir Kremer

Position: Chief MD Renova Management AG Main Activity of the Company: Mining, oil, machine building, construction development, energy, telecommunications, nanotechnologies, utilities, finance, in Russia and abroad Date and Place of Birth: April...

Glencore takes 14% stake in Optimum Coal

International commodities trader Glencore, through its subsidiary Piruto BV, on Monday took a 14.1% stake in South Africa’s sixth-biggest coal producer Optimum Coal. Optimum Coal confirmed in an updated cautionary announcement on Friday it had...

Glencore boosts first-quarter profit to $1.3bn

Healthy global demand and trade flows helped the world’s largest commodities trader Glencore to post a net profit of $1.3-billion for the first quarter of the year, 47% higher than the corresponding period in 2010, with revenues showing a 39%...

Major Xstrata investor wary of Glencore merger

A major investor in miner Xstrata is wary of a potential merger with European commodity trader Glencore International due to the difficulty in valuing the privately-held firm. "Glencore are keen to do a deal, but Xstrata shareholders aren't and...

Mick Davis

Mick Davies, the first to feature Mining Weekly’s new Mining Leader Series, has grown Xstrata from a $500-million minnow to a $50-billion mining major in eight years

Obvious synergies, cost-cutting potential in Anglo-Xstrata merger – analysts

There was no doubt that synergies could be unlocked and costs reduced in a merging of the diversified mining companies Anglo American and Xstrata, Nedgroup Securities mining analyst Johann Pretorius said on Monday. “There are areas of...

Revived old Joburg gold mines may begin producing earlier, from bigger resource

The remining of Johannesburg – 122 years after George Harrison’s initial 1886 gold discovery – is now poised to begin sooner than expected and involve a bigger resource than originally announced, Mining Weekly understands. The...

Revived old Joburg gold mines may begin producing earlier, from bigger resource

The re-mining of Johannesburg - 122 years after George Harrison’s initial 1886 gold discovery - is now poised to begin sooner than expected and involve a bigger resource than originally announced, Mining Weekly understands.