LONDON (Reuters) - Glencore said on Thursday it was scrapping its dividend to focus on lowering debt as the COVID-19 pandemic forced it to book a $3.2 billion impairment charge.
LONDON (Reuters) - Swiss-based Glencore said a stellar performance in trading would see it hit the top end of guidance for the year but posted lower production figures for its...
Operations were halted at its mines at the start of April, with Mopani citing the COVID-19 pandemic and other problems, but mining resumed a month later after the decision sparked a backlash from the Zambian government.
JSE-listed mining companies clear the dust hanging over many African mine dumps .Lonmin, Glencore, Kumba, BHP Billiton, Anglo American Platinum and Anglo American have published details of their managed tailings storage facilities that is where they. This comes as ethical investors with $10.3 trillion in assets under management, sent a letter to 683 listed extractives companies in April. They requested disclosure on every individual tailing facility under these miners’ control, asking for the information to be made public within 45 days. Adam Matthews, Director of Ethics and Engagement at the Church of England Pensions Board joins CNBC Africa more.
Zambia revises 2017 copper output upwards.
Glencore’s bid was aimed at securing the trader its first refining asset since it ventured into downstream investments.
South Africa’s National Union of Mineworkers (NUM) has agreed a three-year wage agreement with coal producers, averting a sector-wide strike that could have impacted power supply, the company said on Thursday. The union...
12Page 1 of 2