Bloomberg News reports that Eneos, a Japanese company, is the leading bidder for Chevron Singapore's oil refinery stake.
Bloomberg News reported that Eneos, Japan's largest oil refiner, is leading rival bidders to acquire Chevron's stake in a Singapore refinery. The deal, however, could still be delayed…
Sources say that samples are collected in Congo for the first shipment of cobalt by CMOC.
Two government sources have confirmed that the Democratic Republic of Congo is collecting samples to prepare for the first shipment of cobalt by Chinese company CMOC under a new quota-based system.
Glencore purchases majority stake in Dutch fuel firm FincoEnergies
LONDON, December 22 - Global commodities traders and miners Glencore have?agreed? to purchase a majority stake of Dutch fuel supplier FincoEnergies, for an undisclosed amount, the Dutch company announced on Monday.
Britain Imposes Sanctions on Russia's Energy Sector
Britain imposed sanctions on Thursday on more Russian oil companies and Canadian-Pakistani billionaire Murtaza Lakhani as part of efforts to ramp up pressure on Moscow over the war…
Japan's JX claims its Pan Pacific Copper division sold stake in Peruvian mining to Glencore
JX Advanced Metals, a Japanese company, announced on Tuesday that its Pan Pacific Copper (PPC), unit had sold its entire stake to Swiss miner and trader Glencore in the Quechua copper project in Peru.
Japan's JX claims its Pan Pacific Copper division sold stake in Peruvian mining to Glencore
JX Advanced Metals, a Japanese company, said on Tuesday that its Pan Pacific Copper unit (PPC)?sold to Glencore its entire stake in a?copper?project in Peru for an undisclosed amount.
Australia announces rescue bid for Rio Tinto Tomago Aluminium Smelter
The Prime Minister Anthony Albanese, announced on Friday that a "rescue" effort would be launched to keep Australia's biggest aluminium smelter open, the struggling Tomago plant majority…
Congo pledges to maintain cobalt quotas, as exports return 'within a few days'
After a month-long ban on exports, the Democratic Republic of Congo introduced quotas to limit oversupply, stabilize prices, and curb oversupply. The exports halted as companies waited to be sure of compliance.
Teck Resources shareholders approve merger With Anglo American
Shareholders in the Canadian miner Teck Resources voted on Tuesday for the merger with Anglo American. This allows both companies to proceed to the next step of seeking approvals from regulators around the world.
Eskom reports that South Africa is looking for ways to assist ferrochrome companies.
Eskom, the state-owned power utility, announced on Monday that it is looking for ways to support South Africa's ferrochrome sector. Eskom stated in a press release that the memorandum…
Congo miners urge urgent talks on clearing cobalt export backlog
Congo's mining industry has called on the government to hold urgent discussions in order to clarify the new rules for cobalt export. They also said that legal ambiguities, compliance…
Congo tightens its grip on cobalt by imposing new export restrictions
According to a government document reviewed by, the Congo has introduced new conditions for exporters of cobalt. This could complicate a recently implemented quota system, as the country…
Glencore reduces copper target for next year, aiming at 1.6 million tonnes by 2035
Glencore cut Wednesday its copper production guidance for 2026, but stated that it hopes to reach 1.6 millions metric tons of copper by 2035 with new and restarted mining operations and streamlined processes.
Miners benefit from financials that drag down the UK's FTSE100
The UK's FTSE 100 dipped on Wednesday, as financials shares declined. This was offset by gains in energy and mining stocks ahead of next week's U.S. Federal Reserve interest rate decision.
Brazil's Vale anticipates an increase in iron ore production of up to 3% by 2026
The Brazilian miner Vale announced on Tuesday that it expects iron ore output to increase by up to 3 percent in 2026. It also confirmed it will meet its upper-end 2025 target. Vale…
Merafe starts layoffs after proposal for electricity tariff fails to save South African Smelters
Merafe Resources announced on Tuesday that its chrome joint venture, with Glencore, has started formally laying workers off after a proposal for an electricity tariff failed to ensure…
Chile's Cochilco raises copper price forecasts for 2025 and 2026 to record highs
The state copper commission of Chile, Cochilco, increased its forecasts for copper prices in 2025 and 2026 on Wednesday to new highs amid weak production. Cochilco has raised its forecast…
Glencore reduces Century Aluminum stake from 33% to 33% following tariff-driven rally
Glencore cut its stake in Century Aluminum from 10% to 33%. This has resulted in millions of dollars in profit following the share price rally that was sparked by U.S. Tariffs on Aluminium Imports. On June 4, U.S.
Aster reduces diesel production at Singapore Bukom refinery sources say
Three sources familiar with the situation said that Singapore's Aster Energy and Chemicals has reduced diesel production at its Bukom Refinery this month. This is driving up premiums for 10ppm low sulphur diesel.
Former Glencore employees plead guilty to UK Bribery Charges Ahead of 2027 Trial
Four former Glencore oil traders pleaded not guilt in a London Court on Monday to bribery allegations relating to the Swiss commodity trading company's operations in West Africa. Their trial is scheduled for 2027.