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Colin Bennett

China snaps up Glencore copper mine - 0 views

  • Sunday’s deal comes almost a year after Glencore bought Xstrata, the mining group that started to develop the mine. Chinese competition authorities required Glencore to try to sell Las Bambas as a condition of approving the Xstrata merger – meaning it was always seen as probable that the mine would be bought by a Chinese group.
Colin Bennett

Glencore-Xstrata will produce 2 million tonnes of copper by 2016 - 0 views

  • Glencore-Xstrata will produce two million tonnes of copper by 2016, making it the largest copper company in the world, Xstrata Copper said on Thursday November 29.
Colin Bennett

Glencore Xstrata completes merger of Mutanda and Kansuki copper-cobalt ops - 0 views

  • Glencore Xstrata has completed the merger of the Mutanda and Kansuki copper-cobalt mining operations in the Democratic Republic of the Congo (DRC).
Colin Bennett

Buyers line up for Glencore Xstrata's massive Peru copper mine - 0 views

  • Speculation has centred on two Chinese firms – Chinalco Mining Corp, a subsidiary of China's state-run aluminum group, and Hong Kong-listed MMG – who may be weighing rival bids for the three Las Bambas open pits which will also produce significant quantities of gold, silver and molybdenum as by-product.
Colin Bennett

Glencore Xstrata will cut $2bn in costs - 1 views

  • Glencore Xstrata was in London on Tuesday September 10 to discuss its progress since the merger and how it plans to save $2 billion in synergies rather than the $500 million originally mooted.
Colin Bennett

Glencore to drop Xstrata name - 0 views

  • Less than a year after it bought Xstrata, Glencore is set to erase the name from its official corporate title in an agm vote next month, the company confirmed on Thursday April 17.
Steven O'Sullivan

Zambia's Mopani to keep copper mine open - 0 views

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    Zambia's Mopani Copper Mines, majority owned by Swiss commodities trader Glencore International AG, has reversed a decision to halt operations due to a cost savings plan and higher copper prices.
Colin Bennett

Glencore Xstrata raises stake in Africa's copper belt - 1 views

  • Glencore Xstrata (LON:GLEN) confirmed Thursday it had acquired an additional 14.5% interest in Mutanda, a copper mine in the province of Katanga, Democratic Republic of Congo, raising its indirect interest to 69%.
Colin Bennett

Xstrata's Mick Davis reflects on the deal that combined his company with Glencore - 0 views

  • In this interview, he tells Metal Bulletin the value, and risks, inherent in the deal; why shareholders got it wrong; and the challenges facing the new merged entity
Colin Bennett

BHP, Glencore, Anglo boosted Chile's copper output to a record 6 million tonnes - 0 views

  • Chile, the world’s main copper producer, sees its output exceeding the 6 million tonnes-mark for the first time this year thanks mainly to privately held mines, the National Mining Association, Sonami, said Wednesday.
Colin Bennett

Glencore Xstrata starts disposal of Peruvian copper mine - 0 views

  • Glencore Xstrata formally fired the starting gun on the $4bn-$5bn disposal of its Las Bambas copper mine in Peru on Tuesday, announcing the appointment of two investment banks to advise on the sale.
Colin Bennett

Newmont, Teck and other two companies to make single bid for Glencore Xstrata... - 0 views

  • Newmont Mining Corp, Teck Resources, private equity firm Blackstone Group and Magris Resources – a company led by former Barrick ceo Aaron Regent – are discussing a partnership to make a bid for Glencore Xstrata's $5.9 billion Las Bambas copper project in Peru, according to local media.
Colin Bennett

Glencore Xstrata sells 80% stake in copper project - 0 views

  • According to PanAust, the mine has the potential of generating an annual copper production of 100,000 tonnes, and gold by-products of 160,000 ounces
Colin Bennett

Glencore tweaks export model - 0 views

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    "BHP, Rio and Glencore have each denied they are engaged in aggressive tax avoidance strategies. Rio and BHP told the committee they had set up marketing hubs in Singapore not to pay less tax but to be closer to customers."
Colin Bennett

Glencore`s Zambia unit reverses decision to halt copper production - 0 views

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    Zambia's Mopani Copper Mines (MCM), a unit of Swiss firm Glencore International AG, said on Monday it had reversed a plan to suspend output at its copper mines due to an uptick in prices and falling production costs.
Colin Bennett

Glencore - Commodities: Into the spotlight - 0 views

  • The IPO in London and Hong Kong is set to be the largest in history for the UK market and the third largest in Europe – only the privatisations of Deutsche Telekon and Enel of Italy in the late 1990s were bigger. In the process it will transform a highly publicity shy company into a publicly listed $60bn giant, with all the attendant glare. Unsurprisingly bankers – whether involved in the deal or not – consider it the event of the year whose importance reaches beyond the capital markets.
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