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The Latest Breaking News from Glencore

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.

Newcastle Herald

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.

The Conversation

Singleton Council votes against heritage listing of Ravensworth Homestead

Singleton Council voted against a recommendation from their own heritage officer and heritage advisory committee to support the listing of Ravensworth Homestead Complex.

Newcastle Herald

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Investors query coal leader's climate change trajectory

Fresh research casts doubt on the climate pledges and expansion plans of Australia's largest coal producer Glencore as global investors seek answers.

AAP

Coal giant Glencore pushes for law change to prevent 'legal challenges' to carbon project

Major coal miner Glencore has been lobbying for legislation to be changed to prevent legal challenges to a controversial carbon capture and storage project in the Great Artesian Basin.

ABC News

Peru protests jolt mine activity with Las Bambas, Antapaccay hit hardest

Peru's top copper mines are starting to see activity hit harder by protests and blockades in the country's southern Andes, power data reviewed by Reuters shows, with Chinese-owned Las Bambas and Glencore PLC's Antapaccay currently worst affected.

Reuters

Groundwater concerns grow as Glencore pushes ahead with plan to store waste CO2 in Great Artesian Basin

Alarmed farmers say Glencore's plan to pump waste carbon dioxide into the Great Artesian Basin could damage the "lifeblood" of much of regional Australia.

ABC News

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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

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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Reuters

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.

The Guardian - UK

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 National (Scotland)

‘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…

Newcastle Herald

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.

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AAP

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.

ABC News

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.

Newcastle Herald

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

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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