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The Latest Breaking News from Glencore

Cleaning up Australia's 80,000 disused mines is a huge job – but the payoffs can outweigh the costs

Newly announced closures of Glencore’s copper and zinc mines in Mt Isa will add to a huge number of former mines in Australia. A 2020 study by Monash University’s Resources Trinity Group found more than 80,000 inactive mine sites across the country.

The Conversation

Glencore copper mine closure will have a ripple effect

The impact of Glencore's plan to close its Queensland copper mine in 2025 will ripple across the state's northwest.

AAP

Afternoon Update: global outrage at Gaza hospital blast; huge Mt Isa mines to close; and Kathryn Campbell’s big pay package

Protests erupt across Middle East after hospital blast kills between 300 and 500 people

The Guardian - AU

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Town, 1200 workers reeling with major mine set to close

About 1200 workers are in limbo and a Queensland town is reeling after Glencore announced one of the world's biggest copper mines would close in 2025.

AAP

Bank of England must ‘see job through’ on cost of living; eurozone inflation higher than expected – as it happened

Live, rolling coverage of business, economics and financial markets as easing of chip shortage boosts British car manufacturing by a third

The Guardian - UK

FTSE 100 Live: IHG, Abrdn, Glencore post results, China exports slump, shares lower

The struggling China economy and results from Glencore, Abrdn and hotels group IHG are in focus for London traders today.

Evening Standard

Nats and Glencore oppose coal royalty hike

Glencore says jobs will be put at risk if coal royalties are increased.

Newcastle Herald

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Glencore's hard decisions a growing shadow over region

The Hunter's biggest coal miner has a massive dilemma.

Newcastle Herald

No greenhouse gas conditions in coalminer's abatement strategy

Approved greenhouse gas abatement plan with no conditions.

Newcastle Herald

Strike Gold With These 3 Mining Stocks

The mining industry is poised for solid growth and expansion, thanks to strong demand for metals and minerals, favorable government policies, and integration of digital technology. Hence, it could be wise to buy quality mining stocks Glencore (GLNCY) and Fortescue Metals (FSUGY) to capitalize on the golden opportunities presented by…

StockNews.com

Goldman and JPMorgan duke it out for the title of top M&A advisor for the first half of 2023

Global M&A valuations fell 39% as top banks duked it out for dominance in the league tables.

Fortune

Pinarello set to be bought by billionaire former mining firm boss

Glencore share holder and keen cyclist Ivan Glasenberg set to take majority stake, according to reports

Cycling Weekly

Traditional owners, environmentalists appeal NT mine’s environmental security bond

Traditional owners and environmentalists have launched an appeal against a court's ruling over a mine's environmental security bond.

The New Daily

Traditional owners, environment group lodge legal challenge over McArthur River Mine Supreme Court decision

Lawyers lodging the appeal on behalf of traditional owners and environment groups say the recent Supreme Court decision is serious, and if left unchallenged "could set a dangerous precedent".

ABC News

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AAP

NT mine's environmental bond fight reignites

Traditional owners have launched legal action against a NT court's ruling that upheld the government's decision to slash a mine's environmental security bond.

The Guardian - UK

Concerns raised over mining companies’ role in battery passport scheme

ERG and Glencore are among founders of ReSource, a proposed joint venture that is also backed by Tesla

ABC News

NT Supreme Court upholds mining minister's decision to slash McArthur River Mine security bond

The NT Supreme Court has dismissed an application against a decision by the territory mining minister to slash the McArthur River Mine's rehabilitation bond.

Fortune

Global resources shark Glencore must understand the world is no longer for sale

Glencore has Canadian mining crown jewel Teck in its sights–but the disruptive takeover bid has little chance of succeeding, say Yale's Sonnenfeld and Tian.

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Newcastle Herald

Glencore coal investors fire up over transition plans ahead of AGM

"The time has come to give up coal expansion projects once and for all."

AAP

Glencore coal investors fire up ahead of annual meeting

Big investors are queuing up to quiz mining giant Glencore on how thermal coal fits with growing international ambitions to decarbonise electricity supply.

Newcastle Herald

Glencore follows other major miners in proposed separation of thermal coal from other operations

Glencore looks to spin off its Hunter coal mines

Newcastle Herald

Falling prices and rising costs: Coal industry unhappy with intervention

Export coal downturn as coal reservation policy kicks in

Businessweek

Glencore CEO Rides Coal Windfall on the Way to a Low-Carbon World

Gary Nagle says the fossil fuel is still necessary, even as he invests in minerals required for a battery-powered future.

Newcastle Herald

Mines, thousands of jobs at risk under heritage bid, Glencore warns staff

While Glencore is the main company affected, Yancoal and Bloomfield also have operations in the application area.

The Conversation

The American right has gone to war with 'woke capitalism' – here's what they get wrong

Ron DeSantis, Florida’s Republican governor and likely future presidential contender, has opened up a new front in his party’s war on “woke capitalism”. He is proposing to change the rules around how public bodies within Florida borrow from the markets by issuing bonds.

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