The Environmental Evaluation and Supervision Agency (OEFA), according to the resolution No. 00144-2023-OEFA/DSEM and No. 00142-2023-OEFA/DSEM, issued a series of administrative measures to the Antapaccay mining company because its operations would be affecting the health of the residents of Espinar (Cusco) and damaging the ecosystem. The provisions were issued on August 16 and 21 of […]
Tag: glencore
Glencore Peru: they warn of environmental contamination linked to the Antapaccay mining company in Espinar
The operations of Glencore Peru in the mining unit Antapaccay would not be fully complying with international environmental, social and rights standards of indigenous peoples in thorn (Cusco), warns a report carried out jointly by CooperAcción and Oxfam. The study indicates that six environmental assessment reports produced by the Environmental Assessment and Enforcement Agency (OEFA) […]
$1B SPAC deal backed by Glencore, automakers collapses
A $1 billion metals deal brokered by fund ACG Acquisition Company was canceled after delays as different parties, including a global miner and major automakers as anchor investors, attempted to review it, ACG said on Thursday. ACGa London-listed special purpose acquisition company (SPAC), planned to buy a nickel mine and a copper mine from Appian […]
Pan American Silver completes the sale to Glencore of its stake in an Argentine mine
The Canadian mining company Pan American Silver reported this Monday that it has completed the sale to the Swiss company Glencore of its 56.25% stake in the mining project of copper and gold MARA, in the northern Argentine province of Catamarca. Pan American Silver said in a statement that Glencore paid it $475 million in […]
Volcan approves spin-off of its business in Puerto de Chancay, but Glencore rejects results
On the last Thursday, August 24, 2023, Volcan Mining Company SAAat its first shareholders meeting, approved by majority the spin-off of its business in the Port of Chancayas reported to the Stock Market Superintendence through an important event. The decision was supported by a large majority, concluded with 2,305,873,695 votes in favor (representing 71.93% of […]
Glencore, Stellantis and Volkswagen support purchase of copper and nickel mines in Brazil
the miner Glencorethe Stellantis automotive group and PowerCo, the battery business of Volkswagenamong other firms, support an operation to acquire a copper and a nickel mine in Brazil, valued at US$ 1,000 million (930 million euros), Acquisition Company Limited (ACG) announced on Monday. That special purpose acquisition company (SPAC) has agreed to buy the Atlantic […]
Glencore doles out $7.1bn to shareholders in coal-fuelled profits
Glencore’s profit rose 60% to a record $34.1 billion, more than half of which came from coal production. Glencore will return more than $7 billion to shareholders in dividends and buybacks after the commodities giant reported another big gain driven by its coal and trading divisions. While the company and its rivals have been positioning […]
Glencore doles out $7.1bn to shareholders after record profit
Glencore announced a $7.1 billion payment to its investors on Wednesday as high oil and coal prices helped it post a record annual profit, but said rising mineral production costs could weigh on companies. future earnings. In preliminary 2022 results, the miner and trader said it reduced net debt to $75 million by the end […]
Shares of Glencore, which operates in Peru, at a 10-year high for metals super cycle
The actions of Glencore They reached their highest peak in almost a decade, encouraged by the metals supercycle, reaching a valuation of the Swiss company at about US $ 74,000 million. According to the Bloomberg portal, the firm that operates the mines Antamina, The Quenuals Y Antapaccay, in Peru, surpassed its 2018 intraday peak last […]
Las Bambas cancels debts of 2011 and 2012: it will prosecute the case to recover the money
The board of directors of the china MMG Limited, parent company of Las Bambas, announced the payment of US $ 170 million 660 thousand 389 to the National Superintendency of Customs and Tax Administration (Sunat) for fines and interest inherited from its operations in 2011 and 2012, when it was in hands of Glencore. The […]