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The Latest Breaking News from Glencore

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)

Global investors pressure Glencore over coal production

Zurich (AFP) - Key investors in Swiss miner Glencore have demanded the company explain how its coal production plans align with global efforts to curb the warming of the planet, shareholders said Thursday.

AFP

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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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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

The Independent UK

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.

Radio France Internationale

Britishvolt scraps plan for second factory in Canada

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

The Guardian - UK

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."

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.

Newcastle Herald

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.

ABC News

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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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The Guardian - AU

Tanya Plibersek to reassess 18 proposed oil and gas projects to consider their climate change impact

Queensland environment group had asked federal minister to revisit decisions made going back to 2011

The Independent UK

UK orders Glencore to pay millions over African oil bribes

A British court has ordered commodities company Glencore to pay more than 280 million pounds for using bribes to bolster its oil profits in five African countries

Crikey

We’re a rude mob, says PM

Debate in politics has become less civil over his years in Parliament, Anthony Albanese says, and Ampol was one of the public companies that didn’t pay tax last financial year, even though its gross income was more than $20 billion.

Al Jazeera

London court orders Glencore UK to pay $310m over bribery charges

The British subsidiary of the mining and trading group is penalised for seven bribery offences in five African nations.

The Guardian - UK

London court forces Glencore to pay record £281m for bribery in Africa

Miner hit with largest ever UK legal penalty for a company over ‘endemic’ corruption at African oil trading desk

The Guardian - AU

Almost a third of Australia’s large companies pay no income tax

Tax Office finds more than half major mining, energy and water companies paid nothing in 2020-21, a three-year high

The Guardian - AU

Conservatives insist policies to cut emissions drive up power bills. There’s net zero evidence for that

The International Energy Agency has laid to rest the persistent myth that net zero policies are responsible for soaring energy prices

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