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The Latest Breaking News from Glencore

Glencore shareholders to receive almost £6bn after record profits

Mining and commodities firm’s pre-tax profit climbed 60% to £28.2bn last year, up £10.6bn on 2021

The Guardian - UK

Ravensworth Estate saved after Glencore fails to appeal Glendell decision

A 750 hectare parcel of land between Muswellbrook and Singleton, which is believed to have been the site of some of Australia's bloodiest frontier violence, appears to have been saved from a massive mining expansion project.

Newcastle Herald

Australia Institute among dozens to oppose 40 million tonne open cut expansion of coal mine in NSW central west

The Australia Institute says allowing another 40 million tonnes of coal to be mined in the NSW central west does not stack up economically or environmentally.

ABC News

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Glencore's Antapaccay copper mine attacked, fire breaks out - source

Glencore's massive Antapaccay copper mine in Peru faced its latest disruption on Friday, as a fire spread through a nearby worker housing area which is believed to have been started by protesters, a source familiar with the matter told Reuters.

Reuters

Britishvolt: how Britain’s bright battery future fell flat

Startup that hoped to transform UK car production was once valued at more than £800m, but collapsed worth a tiny fraction of that

The Guardian - UK

Exclusive-Glencore copper mine in Peru running at 'restricted' capacity due to protests -source

Glencore Plc's huge Antapaccay copper mine in Peru is operating at "restricted" capacity due to anti-government protests that saw an attack on the facility last week, a company source told Reuters on Tuesday.

Reuters

Battery startup Britishvolt enters administration as rescue talks fail

Staff told majority of firm’s 300 employees would be immediately made redundant on Tuesday morning

The Guardian - UK

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Glencore says copper mine in Peru struck by vandals

A group of vandals attacked Glencore's Antapaccay copper mine in Peru around noon on Thursday, the company said in a statement.

Reuters

UK battery startup Britishvolt in talks to sell majority stake

Company says it is hoping to secure long-term funding so it can build ‘gigafactory’ in Blyth, Northumberland

The Guardian - UK

‘Serious questions’ as pension funds invest millions in firms operating in Russia

SCOTLAND’S largest council pension funds have around £230 million invested in Western companies continuing to operate in Russia almost a year…

The National (Scotland)

Newcastle coal exports drop amid talk of China ban ending

The NSW Minerals Council has responded cautiously to reports China is relaxing its ban on Australian coal as new figures show shipments from Newcastle falling 17 per cent last year.

Newcastle Herald

Heat on Glencore over slow burn on coal

Coal giant Glencore is under pressure from large investors to explain how new coal investments align with its public commitment to help limit global warming.

AAP

Glencore pulls out of $1.5 billion Valeria coal mine project in central Queensland

Glencore says its Valeria coal project is now under review, citing concerns around global uncertainty and a commitment to reach net zero emissions by 2050.

ABC News

More than Ukraine war to high coal prices as debate over price caps continue

Why price controls might not work when coal supply is so short

Newcastle Herald

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The Independent UK

Glencore agrees to pay Congo $180 million over bribery case

Commodities company Glencore has reached an agreement with the Democratic Republic of Congo to pay $180 million over bribery allegations spanning from 2007 to 2018

Radio France Internationale

Swiss mining giant Glencore to pay $180 million to DRC over graft claims

Glencore said Monday it has agreed to pay $180 million (€170 million) to the Democratic Republic of Congo to cover corruption allegations, the latest payment in a series of graft cases it has faced worldwide.

The Guardian - UK

Britishvolt scraps plan for second factory in Canada

Troubled startup battery maker formally abandons long-shot plan to build 60GW plant in Quebec

Newcastle Herald

Why I faked coal tests: insiders on the industry's 'open secret'

"I was told on my first day in the job, this is how it operates. I was horrified to begin with, but you either get on board or you get out the door, and I had a mortgage and kids."

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Newcastle Herald

Revealed: 'Relentless pressure' to fake Hunter export coal test results

Former lab staff tell of 'picking and choosing numbers' in export coal testing 'scam'.

Newcastle Herald

Minister vows to ensure coal test accuracy after allegations

Energy Minister Chris Bowen says he wants to ensure the "absolute accuracy" of claims made by Australian companies about the quality of coal exports.

ABC News

Hunter mining operators under scrutiny as local MPs call for caution amid Andrew Wilkie's coal export claims

Claims about fraud in the coal export industry made by Independent MP Andrew Wilkie have rippled through the Hunter Valley coalfields.

Newcastle Herald

Government seeks ASIC briefing on coal testing 'scam'

The independent MP from Tasmania says the industry has been lying for years about the quality of Australian coal.

Newcastle Herald

Roasted: Mining giant's costs case against Muswellbrook Shire Council thrown out

After a part-win in a rates war between Glencore and Muswellbrook Shire Council, Land and Environment Court rubbishes a 'deficient' and 'disingenuous' costs claim

Reuters

Workers block Colombia coal miner Cerrejon's rail access to export facility

Colombian coal miner Cerrejon, owned by Anglo-Swiss commodities giant Glencore, said on Saturday that a group of former workers has been blocking a rail line to a key export facility on the Caribbean Coast.

The Guardian - UK

FTSE 100 firms hand billions in dividend payouts to Qatar investors

Critics say everyday UK consumer spending has funnelled billions to controversial World Cup host since 2010

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