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The Latest Breaking News from Glencore

Retailers help drag FTSE 100 to three-month low as firms warn over tax rises

The blue-chip index dropped 68.35 points to close at 8,072.39, the lowest level since early August.

Evening Standard

For sake of the city, just get on with the job

For sake of the city, just get on with the job

Letters and Short Takes: Tuesday, October 15, 2024

Newcastle Herald

Proposal for largest coal project in NSW withdrawn after emissions concerns raised

Proposal for largest coal project in NSW withdrawn after emissions concerns raised

Hunter Valley Operations, a joint venture of Glencore and Yancoal, indicates it will seek to resubmit plans to extend life of two mines

The Guardian - AU

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Calls for sweeping review after another mining death

The death of another mine worker in Australia's largest coal-producing state has sparked calls for an industry-wide review of safety practices.

Behind Newcastle's quiet bid to host Rugby World Cup

Here's what we know.

Newcastle Herald

Amazon, Tesla and Meta among world’s top companies undermining democracy – report

Corporations such as ExxonMobil and Blackstone also big funders of climate crisis, new trade union report finds

The Guardian - US

3 Mining Stocks to Benefit From the EV Boom

As the EV revolution accelerates, the demand for key base metals such as lithium, copper, and cobalt is rising. Explore fundamentally strong mining stocks Glencore (GLNCY), Freeport-McMoRan (FCX), and Eastman Chemical (EMN), which are poised to benefit from this shift to electrification in the automotive industry. Read more.

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Investors push Glencore to scrap spin-off of heavily polluting coal division

Investors push Glencore to scrap spin-off of heavily polluting coal division

More than 95% of investors urged commodities firm to keep highly profitable fossil fuel arm to help maximise shareholder cash

The Guardian - UK

Swiss Mining Giant Glencore Drops Plan To Exit Coal

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

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

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

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

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'?

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

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

The mines approval lapsed on June 30.

Newcastle Herald

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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.

The Guardian - AU

‘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

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.

The Guardian - AU

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’

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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.

The Guardian - AU

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 - UK

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

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.

Newcastle Herald

King coal accused of dodging detailed scrutiny of mine expansion plans

Critics accuse mining companies of using 'modifications loophole'

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

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