News
ReElement, a startup company that produces rare earths, no longer seeks $80 million in Pentagon loans. Administration sources confirm this.
4+ day, 13+ hour ago (701+ words) Two administration officials said that the startup ReElement Technologies, which produces rare earths, has ceased to seek an $80m Pentagon loan. The move was part of a larger push by the Trump Administration to "jump-start" domestic production of vital minerals in…...
Botswana signs mineral and energy exploration deal with Oman
3+ mon, 1+ day ago (400+ words) The presidency announced on Monday that a trip to Oman to strengthen economic relations led by the Botswana president resulted in multiple agreements, including those on mineral exploration, oil storage infrastructure, and renewable energy. Botswana is seeking to engage Gulf…...
Glencore focuses on short-term disposals while Rio deal remains elusive
5+ mon, 1+ week ago (926+ words) Glencore, the Swiss-based mining company, is likely to sell assets to bolster its copper portfolio after failing to merge with Rio Tinto. The two companies have called off talks to create a global mining giant worth $240 billion due to disagreements…...
Glencore earned less money from energy sales despite selling more oil for the third consecutive year
4+ mon, 3+ week ago (626+ words) The annual earnings of the commodity trader, mining group Glencore showed that it traded more oil in 2013 but made less money?from energy trading? for the third consecutive year. The company stated that "Energy coal and steelmaking coking coal faced…...
Can Africa win the mineral race between China and the West? Russell
5+ mon, 1+ day ago (813+ words) Two rail projects worth billions of dollars in Africa. One project was aimed west and the other east. The one backed by Western nations, and the other by China. Both aim to ship huge quantities of critical minerals. Welcome to…...
Glencore stops major investment in Quebec smelter over dispute with emissions rules
5+ mon, 1+ week ago (403+ words) Glencore announced on Tuesday that it had suspended nearly $1 billion in planned investments at the Horne Smelter - Canada's biggest copper - metal producing operation – after failing to obtain regulatory certainty from Quebec. Glencore, a London-listed mining company, announced in November last…...
Glencore is in talks with a US-backed consortium to sell a 40% stake in DRC mining to Glencore
5+ mon, 1+ week ago (408+ words) Glencore has been in discussions to sell a 40 percent stake in its copper-and-cobalt operations in the Democratic Republic of Congo. The assets are valued at $9 billion, including debt. The Orion Critical Mineral Consortium, led by Orion Resource Partners, a private…...
Glencore's copper production for 2025 is down 11%, as Rio Tinto and Glencore merge.
5+ mon, 2+ week ago (597+ words) The company reported on Thursday that Glencore's production of copper will decline by 11% between?2025 and?2030, despite higher copper grades at various mines, which boosted output in the second half. The production for the year was lower than the 850,000 to 875,000 metric-ton…...
Deep-sea Mining Company seeks international permit in accordance with new Trump rules
5+ mon, 3+ week ago (408+ words) Gerard Barron is the CEO of?TMC. He said that "these?amended regulation pave a path for faster permits and we can move into commercial production sooner than later." PERMIT APPLICATION BY COMPANY BY YEAR END Barron stated that the…...
Sources say BHP will not bid on Rio-Glencore, but wait for the talks to conclude.
6+ mon, 2+ day ago (599+ words) BHP will wait for Rio Tinto to complete its talks with Glencore to create the world's biggest mining company. The deal would?create?the largest mining firm in the world. BHP does not plan to make a bid at this…...