Tag archive for ‘mining’
Jewish Business News On Tuesday, August 13th, 2019

Beny Steinmetz to be prosecuted in Switzerland for alleged bribery, Report

Geneva prosecutor Claudio Mascotto is accusing the Israeli billionaire Beny Steinmetz and two other people on suspicion of corruption. The three are suspected of giving $10 million in bribes to the wife of the More...

Ilan Shavit On Monday, December 7th, 2015

Israel Chemicals teams with Leviev Group on Namibian phosphate mining

  Israel Chemicals (ICL) has signed a Memorandum of Understanding with LLNP Ltd., a Namibian subsidiary of the Leviev Group, to perform a feasibility study for building a large-scale maritime mining More...

Ilan Shavit On Monday, October 12th, 2015

Glencore Starts Selling Assets in Chile and Australia

The trading-cum-mining group Glencore today announces the commencement of a process to sell its wholly-owned Cobar copper mine in Australia and Lomas Bayas copper mine in Chile,  adding to a $10 billion debt-cutting More...

Ivan Glasenberg
News Brief On Monday, September 7th, 2015

Glencore chief Ivan Glasenberg plans to raise $2.5 billion; Investors push into restructure on debt fears

  Mounting pressure from investors has forced debt-laden commodities giant Glencore into a $US2.5 billion ($3.6 billion) equity raising to protect its investment grade credit rating, which is needed to More...

News Brief On Saturday, September 5th, 2015

Ivan Glasenberg’s Glencore Set for Worst Week Ever as Mining Shares Extend Losses

  Glencore Plc shares headed for the biggest weekly decline since the company went public in 2011 as the selloff in mining shares showed no signs of slowing. Glencore slid 5.9 percent on Friday, bringing More...

Ilan Shavit On Friday, August 28th, 2015

Icahn becomes top Freeport-McMoRan shareholder

  Activist investor, Carl Icahn, has disclosed a stake of 88 million shares in Freeport-McMoRan, mining and oil group. Icahn said he wants to talk to the company about its capital spending and possible More...

News Brief On Wednesday, August 19th, 2015

Glencore Reports Loss, Warns on Trading Profit

  London based Glencore PLC swung to a steep, first half-year loss, hit by sharp price falls in the raw materials it extracts and lower profit from the trading business that was supposed to cushion More...

Ilan Shavit On Tuesday, August 4th, 2015

Barrick Gold Sells 50% Stake in Zaldívar Mine to Antofagasta

  Barrick Gold Corporation the world’s largest producer of the metal, agreed to sell a 50 percent interest in the Zaldívar copper mine in Chile to Antofagasta Plc for a total consideration of $1.005 More...

Mick Davis
Jewish Business News On Tuesday, June 30th, 2015

Mick Davis’s X2 in ‘serious’ talks for Rio Tinto’s coal assets in Australia: FT

The Financial Times reported this morning that Mick Davis, the former head of Xstrata, is in “serious” talks with Rio Tinto about a multibillion-dollar offer to buy some of the global miner’s Australian More...

Kurt Tucholsky On Tuesday, May 26th, 2015

Barrick Gold sells Australia’s Cowal mine for $550 million

The world’s largest gold mining company, Barrick Gold Corp., has sold its entire stake in Australia’s Cowal gold mine to local gold producer Evolution Mining Ltd. for an estimated $550 million. This More...

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