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The Latest Breaking News from Glencore

Swiss Mining Giant Glencore Drops Plan To Exit Coal

Swiss commodities giant Glencore announced Wednesday that it had decided against spinning off its coal business for now after consulting shareholders who view the polluting fossil fuel as a cash-generating activity.

International Business Times

Commodities giant Glencore is ordered to pay over $150M in wake of Congo mining bribery case

Federal prosecutors in Switzerland say they have found Glencore’s international unit “criminally liable” and ordered the commodities giant to pay over $150 million in fines and compensation after ending a probe of bribery involving Congo’s mining industry

The Independent UK

Billionaire former Glencore oil trader charged with corruption in West Africa

Alex Beard and four other executives charged with conspiring to make corrupt payments in long-running SFO investigation

The Guardian - UK

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Embattled New Caledonia nickel mine to lay off 1,200 staff

The KNS nickel plant – one of three in the French overseas territory of New Caledonia – has announced it will make its 1,200 employees redundant by the end of August in the absence of a "finalised offer" from a buyer.

Radio France Internationale

Tesla Child Labour Scandal: Is Elon Musk's Solution A 'Joke'?

Elon Musk is yet to prove that Tesla's cobalt suppliers weren't using child or forced labour at mines in the Democratic Republic of Congo.

International Business Times UK

Hunter mine two-year extension approved one day after it was due to shut

The mines approval lapsed on June 30.

Newcastle Herald

Charm offensive on Aussie carbon dump for net-zero Asia

Costly carbon capture and storage could be the price Australia must pay for retaining emissions-intensive industrial jobs without pumping out more pollution.

AAP

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‘Largest ever’ NSW coalmine plan will put pressure on state’s net zero target, watchdog says

EPA says proposal to keep Hunter Valley Operations mines going to 2050 would release almost 30m tonnes of CO2

The Guardian - AU

Calls for federal carbon capture ban after Qld decision

Queensland's decision to ban carbon capture and storage projects in the Great Artesian Basin has sparked calls for the federal government to follow suit.

AAP

Queensland rejects Glencore carbon capture and storage proposal for Great Artesian Basin

Environment department says its decision ‘makes clear that other carbon capture and storage projects will not be viable for the Great Artesian basin’

The Guardian - AU

Carbon capture project rejected over groundwater fears

Potential impacts on groundwater resources has led to the rejection of Glencore's carbon capture storage project in the Great Artesian Basin.

AAP

Gina Rinehart, One Nation and the Greens all oppose Glencore’s plan to store CO2 in the Great Artesian Basin – why?

The mining company insists the storage hub is safe but many are unconvinced about injecting carbon dioxide into a major Australian water resource

The Guardian - AU

Mining industry braces for multi-billion pound Anglo American bidding war

Glencore understood to be considering takeover offer while BHP could move again after initial rejection

The Guardian - UK

Holy cow: coal, gas giants on notice over methane plume

A toxic gas is turbocharging heatwaves, bushfires and coral bleaching, and going largely unreported under "faulty" emission safeguards, satellite data suggests.

AAP

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Newcastle Herald

King coal accused of dodging detailed scrutiny of mine expansion plans

Critics accuse mining companies of using 'modifications loophole'

Top News

Investors Urge Glencore To Retain Coal Assets After Teck Deal

Glencore faces investor pressure to retain coal assets post-Teck deal, highlighting the challenges of balancing financial interests with environmental conc...

The Guardian - AU

Queensland farming lobby launches legal challenge against Great Artesian Basin carbon capture trial

AgForce is seeking a judicial review of a 2022 decision that found the project did not need to be assessed under federal environmental laws

Newcastle Herald

'In the public interest': push to extend Glendell mine by two years

Application to extend Glendell mine operations through to 2026.

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AAP

Farmers urge Labor leaders to fight carbon capture plan

A farming lobby says Labor leaders whose states need the Great Artesian Basin should be fighting a carbon capture and storage trial in Queensland.

AAP

High Court backs traditional owners over mine project

Native title holders in the Northern Territory have won a High Court appeal preserving their rights over a development for a major lead and zinc mine.

The Independent UK

Long-delayed Minnesota copper-nickel mining project wins a round in court after several setbacks

The Minnesota Court of Appeals has affirmed a decision by state regulators to grant a major permit for the proposed NewRange copper-nickel mine

The Guardian - UK

Miner Anglo American could become takeover target, say analysts

Shares are down almost 45% this year, and firm took further pummelling on Friday after production outlook warning

The Guardian - UK

Greedflation: corporate profiteering ‘significantly’ boosted global prices, study shows

Multinationals in particular hiked prices far above rise in costs to deliver an outsize impact on cost of living crisis, report concludes

Newcastle Herald

Hunter coal's last chapters being written, but blank pages remain

Many things possible for Hunter's remaining players during mining transition

AAP

Rift between net-zero climate pledges, carbon footprint

Woodside, Chevron and Glencore have been assessed as at significant risk of "net-zero greenwash" and are urged to join the "climate ambition loop" instead.

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