The Congolese state-owned mining company, Générale des Carrières et Mines, announced on Friday, April 27, 2023, the signing of a term sheet with its partner Kipushi Corporation, abbreviated as KICO, in order to raise funds for the operational resumption of production at the KIPUSHI mine. With a US$250 million credit facility backed by Glencore, these […]
GECAMINES-IVANHOÉ MINES RESUME ZINC PRODUCTION IN KIPUSHI Read More »
Glencore Plc, the world’s largest commodities trader, has followed some of the world’s biggest companies in examining their trade links with Russia as the fallout from the invasion of Ukraine intensifies in global commodity markets. While Glencore has failed to divest from its investments, the company has stated that it is reviewing its stakes in
Glencore and its presence in Russia… Read More »
Freeport-McMoRan (NYSE: FCX) shares have fallen 12% so far in 2020. But wait, Barrick Gold (NYSE: GOLD), the stock of the same company, has risen 45% so far in 2020. If we compare the stock price trends of these mining giants over the past few years, we can see that FCX’s stock price has fallen 37%, from $19 at the
Barrick Gold is doing better than Freeport-McMoRan Copper & Gold Read More »
One week before the start of Mining Indaba 2017 in Cape Town, our editorial team had asked the organizers to facilitate interviews with some captains of banks, global financial organizations and multinational mining companies. Rawbank was on our shortlist because of its growing importance in the mining sector of the Democratic Republic of Congo. It
Michel Notebaert, Director of Rawbank: “The customer is at the heart of our concerns.” Read More »
LONDON (Reuters) – Four years after a stock market listing made them billionaires, and months after the last ban on them selling shares expired, most Glencore managers are still sticking with their boss Ivan Glasenberg – and even preparing to invest more in the firm. The loyalty comes as a surprise to many industry players, particularly
As fortunes fade, Glencore moguls prepare to up their bets Read More »
* South Korea copper tender premiums jump 50 pct from June * Markets eye next week’s Fed meeting for trading cues * Trade thin with Singapore on holiday due to elections * Coming up: U.S. Univ of Michigan sentiment index at 1400 GMT By Melanie Burton MELBOURNE, Sept 11 (Reuters) – London copper edged down
LME copper slips, still set for biggest weekly rise since May Read More »
Chris Dodd and Barney Frank to the right of Barack Obama, on the day the Dodd-Frank Act was signed, July 21, 2010 The US authority in charge of regulating derivatives, the Commodity Futures Trading Commission (CFTC), approved a new proposal on November 5 to limit speculative trading in these products. Passed by a vote of
The United States is taking new anti-speculation measures on raw materials Read More »
France’s new development priorities were defined by the Interministerial Committee for International Cooperation and Development, chaired by Jean-Marc Ayrault (pictured), on July 31. The aim is to make international development and solidarity policy more effective, coherent, understandable, and transparent. By convening the Interministerial Committee for International Cooperation and Development (CICID) – for the first time
Copper can be found as a compound in ores such as chalcopyrite, bornite and malachite. It is then extracted through either mining or leaching. Mining of the red metal is widespread throughout the world, but the three largest mines are located in Chile and Indonesia. Hidden mine The Escondida mine is located in Chile’s Atacama
3 Largest Copper Mines in the World Read More »
