Glencore

OZ Minerals this week reached acceptances in its bid for Brazilian copper-gold miner Avanco totalling 73.9 per cent of company shares.

Mining companies have focused on developing a more positive image for the industry in recent years, Deloitte’s Ian Sanders tells Australian Mining.

Katanga Mining, the Democratic Republic of Congo (DRC)-based copper-cobalt miner that is 75 per cent-owned by Glencore, has announced an update regarding its legal dispute with DRC state-owned joint venture (JV) partner La Générale des Carrières et des Mines (Gécamines).

OZ Minerals’ recent $418 million takeover bid for Brazilian-focused copper-gold company Avanco Resources has been referred to by some Avanco shareholders, primarily commenters from the company’s second-biggest investor, London-based Greenstone Resources (16.68 per cent), as undervalued.

Glencore has recorded lower Australian copper production in the first quarter of 2018 due to maintenance at its Mt Isa operations in Queensland.

Underground mining contractor Pybar Mining Services has been awarded a two-year contract at the Glencore-owned Black Rock Cave project at Mount Isa Mines in Queensland.

Glencore has delivered a $140 million increase to Thiess’ coal mining services contract at the Mt Owen mine in the Hunter Valley of New South Wales.

Rio Tinto has announced that it will launch a bond purchase and redemption plan of up to $2.25 billion equivalent to reduce gross debts as part of its ongoing capital reduction plans.

Rio Tinto has agreed to sell its interests in the Hail Creek coal mine and Valeria coal project in Queensland to Glencore for $US1.7 billion.

Australian miner BHP has unseated Glencore as the most valuable brand in mining, according to research from Brand Finance.

Airnorth has retained its contract to provide chartered air services to Glencore’s McArthur River mine (MRM) in the Northern Territory.

Diversified miner Glencore looks set to increase its Australian base metals production this year after the local operations mostly recorded falls in output during 2017.

Glencore is ramping up a recruitment drive ahead of its planned restart of the Lady Loretta zinc operation in Queensland.

Red River Resources has completed its first shipment of zinc concentrate from the Thalanga zinc operation in Queensland.

Glencore has extended Alliance Aviation Services’ air charter contract at the Clermont coal mine in central Queensland by three years.

Port Kembla Coal Terminal (PKCT) in New South Wales has locked out 60 workers due to an ongoing industrial dispute.

Britain’s GFG Alliance continues to build its Australian asset portfolio, with its SIMEC Mining division agreeing to acquire Glencore’s Tahmoor metallurgical coal mine in New South Wales.

Leading miners Glencore and Rio Tinto have sent job seekers in Queensland’s mining industry into a frenzy over the past week.

Glencore is to fill over 200 jobs for various copper and zinc operations in North Queensland, including operations in or near major mining towns such as Mount Isa, Cloncurry and Townsville.

Action Drill & Blast (ADB), a subsidiary of NRW Holdings, has been awarded several mining contracts worth a combined $57 million.