Page 102 - Glencore News Today

IGO boss Ivan Vella opted to shelve his nickel project as the fallout continues from a disastrous $1.3 billion Western Areas acquisition.

(Bloomberg) -- The latest UK sanctions on Russia are creating new faultlines across the global metals world, in the latest example of how the fallout from the war in Ukraine continues to ripple through commodity markets while creating opportunities for those willing to navigate the restrictions.Most Read from BloombergMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneByron Allen Makes $14 Billion Offer for Paramount GlobalMicrosoft Sales Top Estimates; Cloud...

(Bloomberg) -- A major nickel operation backed by Trafigura Group will need support from a new investor after the trading giant declined to contribute more funds as part of a French government rescue package for the struggling New Caledonian mining industry.Most Read from BloombergMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneByron Allen Makes $14 Billion Offer for Paramount GlobalMicrosoft Sales Top Estimates; Cloud Growth Disappoints SomeMusk Says Firs...

A mining company wants to open a coal mine in B.C.’s Rocky Mountains to extract, process and export coal in high demand by Asian steelmakers.

As the nickel price at LME market has significantly decreased by nearly half over the last 13 months, global nickel producers are facing huge challenges now. Most recently, Wyloo Metals and BHP in Australia announced to shut down some capacity due to the falling prices, respectively. Although weak demand is one of problems, many market participants believe the booming of Indonesian nickel industry is the key driver for oversupply.

Stock prices in London closed mixed on Wednesday in a trade-thinned day ahead of the US Federal Reserve interest rate decision this evening. The FTSE 100 index closed down 35.74 points, 0.5%, at...

Peter Bacchus, who took the uranium fund Yellow Cake public in London, has turned to prominent mining figures to finance an exploration project in Canada, Sky News understands.

The UK has fallen to its lowest-ever position in Transparency International’s corruption perceptions index, which ranks countries by experts’ views of possible corruption in public services. The UK fell from 18th (out of 181 countries) in 2022 to 20th in 2023, its lowest position since the research was revamped in 2012. It means that, according to the research, Britain is seen as more corrupt than Uruguay and Hong Kong. – Guardian

Campaign contributions to lawmakers by the mining industry suggest that influence peddling is afoot. State leaders have not shown a willingness to investigate.

Bluebell Capital says strategy to transition away from fossil fuels faster than society is destroying shareholder value