Glencore plc

Mitsubishi To Buy 30 Percent Stake In Glencore’s Aurukun Bauxite Project

Mitsubishi To Buy 30 Percent Stake In Glencore’s Aurukun Bauxite Project

Japanese conglomerate Mitsubishi Corporation announced last week an agreement with Glencore plc to take a 30-percent share of the latter’s Aurukun Bauxite Project in Australia. No price terms were given by either party at the time of announcement. Though Mitsubishi currently has...

Events

Canadian Aluminium Stakeholders Spar With U.S. Smelter Representative Over Trump Administration’s Ten-Percent Aluminium Tariff

Aluminium industry representatives clashed late last week in an online forum with spokespeople from the two United States aluminium firms who led the charge to instate a 10-percent tariff on Canadian imports. In an online event hosted by Washington International Trade Association, the two sides traded blows on the issue, with trade lawyer and lobbyist […]

EGA, Glencore In Talks With Bosnian Government Over Struggling Aluminij Smelter

Talks are underway over the fate of Bosnian aluminium smelter Aluminij d.d. Mostar, as Emirates Global Aluminium PJSC and Glencore plc have both expressed interest to the Bosnian government regarding the formation of a strategic partnership with the struggling plant. According to domestic reportage, EGA is in the early stages of developing a plan for […]

Sources Say Glencore And Liberty House Among Trio Of Potential Buyers Of Rio Tinto’s Iceland Aluminium Assets

Sources revealed to Reuters late last week that at least three companies, including Glencore plc, have shown a strong interest in purchasing Anglo-Australian mining giant Rio Tinto Group’s aluminium operations in Iceland, Sweden, and the Netherlands for up to US$350 million. An anonymous source Reuters characterized as being involved in the banking industry reportedly told […]

Glencore and Rusal Ask LME to Lift Suspension on Trading of Rusal’s Aluminium

Citing the Trump administration’s extension for complying with the sanctions it placed upon U.C. Rusal, Anglo-Swiss mining and trading firm Glencore plc has joined with the Russian miner in petitioning the London Metal Exchange to temporarily lift the suspension on Rusal’s aluminium. Sources revealed to Reuters on Friday that the request had been made, but […]