Glencore Xstrata to pursue $3bn iron ore project in Congo
Mega miner Glencore Xstrata and London-listed junior partner Zanaga Iron Ore Company have decided to move forward with the assessment of their vast iron ore mining project in the Republic of Congo, which may cost as much as $3 billion. The companies said Friday the Zanaga iron ore project will be now developed in two phases, which will allow them to cut initial expected capital investment by about two-thirds.
See http://www.mining.com/glencore-xstrata-to-pursue-3bn-iron-ore-project-in-congo-99586/?utm_source=digest-en-mining-130913&utm_medium=email&utm_campaign=digest.
Glencore freezing $6bn project may be just the start as thermal coal price drops near 3-year low
Glencore Xstrata has put on hold its massive $6 billion Wandoan thermal coal project in Australia because of coal market prices approaching three-year lows. The proposed 30 million tonnes per year project in the state of Queensland was among several greenfield operations the Swiss-based have put on ice around the world.
See http://www.mining.com/glencore-freezing-6bn-project-may-be-just-the-start-as-thermal-coal-price-drops-near-3-year-low-20782/?utm_source=digest-en-mining-130911&utm_medium=email&utm_campaign=digest.
Chinese bidders may be allowed to compete for Glencore Xstrata $5bn Peru mine
Glencore Xstrata may allow competing bids for its massive $5.9bn Las Bambas copper project in Peru, as interest in the deposit continues to mount.
See http://www.mining.com/chinese-bidders-may-be-allowed-to-compete-for-glencore-xstrata-5bn-peru-mine-68549/?utm_source=digest-en-mining-130910&utm_medium=email&utm_campaign=digest.