Glencore woos investors with promise of aggressive cuts
Glencore Xstrata told investors it would return excess cash, slash costs and might sell unwanted assets, raising expectations it would easily exceed planned synergies of $500 million …
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A COAL export terminal worth $5 billion in New South Wales which would have created 1500 jobs has been put on hold after Hunter Valley coal producers pushed to reduce contract tonnages as market conditions …
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Lie down protest in front of government mining offices, Surigao City, on Earth Day 2013. Photo: Roel N. Catoto, Mindanews
The challenge continues to be made to the constitutionality of the benefit sharing parts of …
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Glencore clinches Xstrata take-over with Chinese copper deal
Glencore, the world’s largest minerals trader, is to sell the Las Bambas copper mine in Peru, thus satisifying conditions imposed by the Chinese government, and removing the …
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Glencore said last Tuesday it had again extended the date by which it expects to close its merger with Xstrata, due to the ongoing investigation into the deal in China.
Glencore has been waiting for …
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Mining is being highlighted for the forthcoming elections, with a focus on the candidates’ views over the siting of a coal-fired power plant, required for Xstrata’s deeply controversial Tampakan mine.
See http://www.minesandcommunities.org/article.php?a=12209.…
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Earlier this month, the Peruvian government faced a number of serious allegations of permitting abuse of human rights, made before the Inter-American Commission on Human Rights (IACHR). The commissioners expressed concern that the government is …
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Philippines ‘flashmob’ protest on International Women’s Day outside of Xstrata’s offices. Photo: ATM
Following recent Government pronouncements in favour of both Xstrata and Philex, the latest announcement concerns the lifting of a mining application moratorium …
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Workers in the SINTRACARBON mining union have come to an agreement with Cerrejon Coal, owned by Anglo American, BHP Billiton and Xstrata. Shortly after the strike ended, there was a bomb attack on the railway taking coal to the export terminal. Click on photo for more…
The bloody first round of South Africa’s mine union turf war is over and the clear winner on the platinum belt is the Association of Mineworkers and Construction Union (AMCU).
From this position of strength, …
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Glencore and Xstrata announced last Friday that they have, once again, extended the deadline for closing their long-awaited $80 billion merger, scrapping March 15 as a target due to continuing discussion with Chinese authorities.
For …
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Talks have restarted between Cerrejon coal, owned by London-listed Anglo American, BHP Billiton and Xstrata, and mine workers’ union SINTRACARBON. There has been massive public demonstrations in support of the workers.