Thursday 3 September 2015
 
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Glencore

Glencore to cut spending, take $790m writedown on Chad oil assets

Miner and commodity trader Glencore on Thursday cut back its spending plans for this year and said it would take a $790 million charge on oil assets in Chad after a fall in oil prices. The London-listed company, due to report half

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Glencore mine shut over job cuts process

South Africa's mines minister has ordered Glencore to suspend all operations at a coal mine because of the way it planned to carry out job cuts. The country's mining industry is battling sinking commodity prices, rising co

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Glencore in key oil business talks with Iran

Global mining and commodity trading firm Glencore has been holding talks with Iran's officials about possible business deals should economic sanctions be lifted, a company spokesman said. Iran is negotiating with the US and fi

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London Mining in iron ore dispute with Glencore

London Mining said it would consider ending an iron ore supply contract with Glencore Plc after a dispute over payment, sending shares of the company to an all-time low. Shares of AIM-listed London Mining fell nearly 13 percent to

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Vale, Glencore end talks over Canada nickel deal

Vale and Glencore have broken off talks over combining their nickel assets in Canada in a deal that could have produced over $1 billion in annual cost savings, sources close to the matter said. The discussions over linking the two

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Vale, Glencore end talks over Canada nickel deal

Vale and Glencore have broken off talks over combining their nickel assets in Canada in a deal that could have produced over $1 billion in annual cost savings, sources close to the matter said. The discussions over linking the two

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China buys Glencore copper mine for $6 billion

A Chinese consortium bought the Las Bambas copper mine in Peru from Glencore Xstrata for $6 billion, the high end of analysts' forecasts in China's biggest acquisition of a mine, showing the strength of its long-term need for copper.

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Glencore squeezes $2 billion out of Xstrata deal

Glencore will cut costs, shelve projects and squeeze more than expected from its record-breaking purchase of mining group Xstrata, lifting benefits from the deal to at least $2 billion in 2014. In an update on the $46 billion tie-

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Glencore leads foreign investment in UK firms

Foreign investment in British companies hit a six-year high of 23.4 billion pounds ($36.4 billion) in the second quarter as the economy started to grow, though the bulk came from one deal - Glencore's takeover of Xstrata, data showed.

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China’s Jiangxi eyes Glencore copper mine

Jiangxi Copper has joined a list of potential Chinese suitors interested in buying Glencore Xstrata $5 billion-plus Las Bambas copper mine in Peru, a report said. Glencore's sale of the mine comes at an opportune time for Chin

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