Tag: Glencore
Rio Tinto snubs Glencore, tells shareholders to vote for Yancoal’s C&A proposal
Rio Tinto has told its shareholders to vote in favour of Yancoal’s offer for its wholly-owned subsidiary Coal & Allied (C&A) despite receiving a...
Glencore tables US$2.55bn bid for Rio Tinto’s Coal & Allied
Commodities giant Glencore is looking to hijack Yancoal’s US$2.45 billion takeover deal for Rio Tinto’s Coal & Allied, offering US$100m more that the Chinese-controlled...
Glencore restarts Collinsville Coal Mine, begins recruitment process
Glencore is set to recommence operations at its Collinsville Coal Mine near Bowen in a move that is expected to provide employment for up...
Glencore’s Minara Resources adopts CSIRO technology that could save mining companies millions of dollars
Glencore subsidiary Minara Resources has adopted a new CSIRO-developed technology that takes the energy-sapping “drag” out of industrial pumping.
The drag reduction technology, which underwent...
AGL Energy sells its 50% interest in DPS
AGL Energy has sold its 50% equity interest in the Diamantina Power Station (DPS) to its joint venture partner APA Group.
According to the ASX...
Thiess wins $760m contract to operate Glencore’s Mt Owen Mine
CIMIC Group’s global mining contractor Thiess has extended its long-standing business relationship with Glencore with the signing of a $760 million agreement to operate...
Mount Isa Mines Copper Smelter and Townsville Copper Refinery to stay open until 2022
Glencore has announced that its Mount Isa Mines Copper Smelter and Townsville Copper Refinery will stay open until 2022 despite the planned closure for...
Glencore’s Optimum Coal begins business rescue proceedings
Glencore has commenced business rescue proceeding for subsidiaries Optimum Coal Holdings and Optimum Coal Mine due to “continued and unsustainable financial hardship” brought about...
Glencore to ramp up copper production with major investment in Ernest Henry Mining
Diversified miner Glencore is set to ramp up copper production from its Ernest Henry Mining, near Cloncurry in north-west Queensland, Australia, from 3 million...
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Building resilience as manufacturing requirements become more complex
The industrial machinery and heavy equipment manufacturing sector is critical not only for its direct outputs, machines, and equipment that pave the way for construction, agriculture and manufacturing but also for its crucial role in economic development and innovation.
