Glencore’s legal workaround over US-sanctioned Gertler secures Congo assets
GLENCORE was confident it had avoided another potential crisis in the strategically important mining district of the Democratic Republic of Congo (DRC) as it...
Gécamines’ Yuma calls on foreign miners to revisit JV deals
GÉCAMINES, the Democratic Republic of Congo's state-owned base metals miner, has urged foreign investors to renegotiate the terms of joint ventures saying that current...
Anglo pre-funds $600m of Quellaveco in Mitsubishi share deal
ANGLO American is to sell a 21.9% stake in its Quellaveco copper project in Peru to Mitsubishi increasing the Japanese firm's stake in the...
Analysts laud Glencore, Gécamines deal as Congo de-risked
THE net cash impact of Glencore's debt forgiveness agreement with the Democratic Republic of Congo's (DRC's) state-owned Gécamines was $190m to $250m, according to analysts...
Glencore cancels Congo debt of $5.6bn in Gécamines equity deal
SWISS-based mining and marketing firm, Glencore, has headed off potentially disruptive legal action with Gécamines by agreeing today to dissolve $5.6bn in debt and...
Glencore’s bigger DRC risk may be Joseph Kabila, not his new...
GLENCORE has under-performed most of its peer group this year, partly on concerns about developments in the Democratic Republic of Congo (DRC) where the...
Orion wins loan extension in order to focus on exploration
This article has been corrected to show the placement with a lender was at a premium, not a significant discount as previously reported.
ORION Minerals,...
UK fraud probe may be “cathartic” for Glencore’s DRC exposure
SHARES in Glencore dropped 4.4% on Friday which was equivalent to an implied equity value loss of $3.6bn compared with the group’s market capitalisation...
Independence Group builds Orion stake in A$5m placement
AUSTRALIAN-based gold and base metals miner Independence Group NL (IGO), whose interests include a 30% stake in AngloGold Ashanti’s Tropicana mine, has hiked its...
Vedanta regional ambitions given definition in Africa Base Metals
VEDANTA'S Southern Africa ambitions have been given greater definition following the creation of Africa Base Metals, an entity through which its zinc and copper...