Rio Tinto has agreed to acquire the Aurukun Bauxite Project from a Glencore-Mitsubishi joint venture, subject to regulatory approval. The deal expands Rio's regional operations, though Traditional Own
Mining executives from Glencore, Anglo American, and Rio Tinto indicate that despite heightened regulatory scrutiny on critical minerals, M&A activity remains viable, though valuation remains a larger
Glencore reported a first-half net profit increase exceeding $5 billion amid volatile oil and gas markets driven by geopolitical tensions. The commodity trader capitalized on supply disruptions in key
Glencore reported an 86% surge in first-half core earnings to $10.1 billion, driven by record copper prices and strong trading. It plans to return $1.5 billion to shareholders and pursue an Australian
Rio Tinto executives confirm no immediate plans to resume takeover talks with Glencore after a six-month standstill expired. CEO Simon Trott prioritizes cost cuts and asset sales over the previously c
Glencore reported a first-half trading profit of $3.3 billion, driven by geopolitical conflicts disrupting global energy and metal markets. The company is on track for its best year ever, nearing its
Rio Tinto has agreed to transfer its aluminum metal matrix composites business and customer base to Cymat Technologies, ending its production of the proprietary ceramic-infused material used in automo
Glencore's South African ferrochrome venture cancelled planned job cuts after regulators approved lower electricity tariffs, stabilizing smelting operations while finalizing pricing terms with state u
Rio Tinto is evaluating an increased stake in McEwen Copper's Los Azules project, a major undeveloped copper mine, to meet surging demand from clean energy and data centers. This move bolsters Rio's p
Glencore reported a 19% increase in Q1 copper production to 199,600 metric tons driven by improved grades in Africa and Peru, while its marketing division expects to surpass annual earnings guidance.
Rio Tinto and Glencore are exploring a potential merger valued at approximately $260 billion. This consolidation could reshape global copper supply chains, creating cost and stability risks for the ch
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