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The Latest Breaking News from Glencore

Methane emissions from natural gas flaring underestimated fivefold, US study calculates

Methane emissions from natural gas and oil wells are usually burnt to convert the fugitive gas to carbon dioxide and water vapour. But new research shows the US fossil fuel industry has underestimated how much methane escapes.

ABC News

Experts Say EV Battery Bottlenecks Will Work Themselves Out

While a predicted EV battery shortage could hinder automakers, efforts on the supply and demand side should help ease any major disruptions to EV adoption.

InsideEVs

Aboriginal massacre painting 'too insensitive' for cultural centre

Singleton Council has deemed a painting depicting a nineteenth Aboriginal massacre on the town's outskirts 'too insensitive' to show at the local arts and cultural centre.

Newcastle Herald

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Under pressure to curtail its emissions, the gas industry is on a PR spree. But is it all hot air?

A new term – renewable gas – has emerged. But to claim the industry is ‘well on the way to decarbonising’ is questionable

The Guardian - AU

As EVs drive a mining revolution, will Australia become a battery minerals superpower?

A cocktail of minerals is needed to make EV batteries and Australia has them in abundance. But will the country capitalise on its natural resources advantage?

ABC News

Economy and Society, August 9, 2022: NYC newspapers differ over ESG and its opponents

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

'Low act': Water pump theft condemned by recovering community as mining company praised

"When the Bulga Coal boys told me someone had stolen a pump I couldn't believe it. Just disgusting."

Newcastle Herald

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Chinese owner seeking full control of big Hunter miner Yancoal

Battle for control of Yancoal

Newcastle Herald

Coal giant's plans in 'historic' limbo

Stoush between state government departments and advisory council revealed in coal mine application case

Newcastle Herald

Mining giant Glencore’s Australian PR blitz forgets the coal driving the climate crisis

The company’s new campaign trumpets that it is ‘laying the foundations for a low carbon future’ – without mentioning the nearly $1bn it spent on coal production in 2020 and 2021

The Guardian - AU

Chad creditors to meet this week; IMF calls on Glencore to 'step forward'

Chad's official creditor committee will meet this week amid growing pressure from the International Monetary Fund and others for progress on the country's request for debt restructuring, two sources briefed on the matter said.

Reuters

Plans to extend mine near Singleton until 2050 forging ahead

Yancoal and Glencore say their joint venture, Hunter Valley Operations near Singleton, is good for another 400 million tonnes of coal.

Newcastle Herald

Hunter council leaders 'confident' after ministerial meeting

Representatives from Singleton, Muswellbrook, Cessnock and Lake Macquarie councils were part of a roundtable meeting with federal MP Kristy McBain last week.

Newcastle Herald

BMO Capital Maintains Market Perform Rating for Century Aluminum: Here's What You Need To Know

BMO Capital has decided to maintain its Market Perform rating of Century Aluminum (NASDAQ:CENX) and lower its price target from $14.00 to $9.00. Shares of Century Aluminum are trading down 14.52% over the last 24 hours, at $7.30 per share.

Benzinga

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The Guardian - UK

Glencore pleads guilty to bribery related to African oil operations

SFO says subsidiary of commodity trading company will be sentenced in November

Evening Standard

Glencore commodities trading on course for record profits

Glencore’s profits from trading commodities is set to reach a record high as the company lines its pockets in the wake of soaring energy and raw materials prices.

The Guardian - AU

David Littleproud’s coal case study to defend Coalition energy policy is something of a credibility stretch

Even if Millmerran power station’s carbon capture plan succeeds, it will only eliminate 2.1% of emissions. Plus: nuclear still costlier than renewables

ABC News

Australia's total coal mine methane emissions double official estimates, Ember report finds

Researchers find "massive under-reporting" of methane emissions from Australian coal mines — but new technology could make a huge difference. So why isn't it being used?

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France 24

Glencore scandal: Cameroon opposition demands inquiry into bribery

In tonight's edition: Senior officials of state companies in Cameroon are accused of accepting bribes from Swiss-based mining giant Glencore. In Egypt, two months after opposition figure Alaa Abdel Fattah started a hunger strike, his supporters are demanding his release from captivity. And in Libya, traditional ceramics are not finding…

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, May 25

Reuters Ford To Pay $19.2M In Multi-State Settlement For False Advertising Claims

Benzinga

Commodity Trader Glencore Looks To Settle Bribery, Market Manipulation Charges By Paying Penalties - Read How Much

Commodity trader Glencore Plc (OTC: GLNCY) looks to plead guilty to multiple counts of bribery and market manipulation and pay penalties of up to $1.5 billion following U.S., U.K., and Brazilian investigations,

The Independent UK

Glencore pays up to $1.5B to resolve corruption claims

Commodities firm Glencore says it has reached deals with authorities in the United States, Britain and Brazil to resolve corruption allegations in return for penalties totaling up to $1.5 billion

Tribune News Service

Glencore pleads guilty to settle sprawling graft probes

Glencore Plc units agreed to plead guilty to charges including bribery and price manipulation as part of a sweeping settlement with authorities in the U.S., UK and Brazil to settle long-running corruption probes that have hung over the commodities giant for years.

Evening Standard

Mining giant Glencore to pay a billon dollars after bribery probes

The announcement came after Glencore Energy UK indicated in a London court it will plead guilty

The Guardian - UK

Glencore to pay $1bn settlement amid US bribery and market abuse allegations

Company also indicates it will plead guilty to bribery counts in UK in relation to oil operations in Africa

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