International commodities trader Glencore International plc (Glencore) has announced that it will not be able to complete the $31 billion takeover transaction for the Anglo-Swiss miner and coking coal producer Xstrata plc (Xstrata) by March ...
Tags: miner, coking coal, mining giant
The European-delivered thermal coal market traded at its highest level in over two months Wednesday afternoon as sources said that the market is finally reacting to tightening supplies following the ongoing disruption in Colombian exports. ...
Tags: coal market, Metallurgy, Drummond coal
Four industry sources have told Reuters that Swiss oil trader Trafigura is still indirectly supplying gasoline to Iraq through another firm, despite being banned from participating in tenders for 2013 after buying oil from Iraqi Kurdistan. ...
Tags: oil trader, oil, gasoline
US Gulf Coast premium gasoline differentials spiked Monday as Colonial Pipeline's 6th shipping cycle deadline loomed, leaving traders scrambling to cover short positions. During the Platts Market on Close assessment process, Lukoil bought ...
Tags: US Gulf Coast, gasoline, gasoline industry
The Iraqi Grain Board has bought 300,000 metric tons of wheat for delivery in March and April. Dow Jones reports that 250,000 tons were bought from Australia, while the remaining 50,000 tons was of Canadian origin. The Canadian wheat, ...
Commissioning of the Perkoa zinc project in Burkina Faso is nearing completion, first test concentrates are being produced and about 70,000t of run-of-mine ore have been stockpiled. The first concentrate shipment is due to sail during Q2 of ...
Tags: Perkoa Zinc Project, Burkina Faso, Mineral
The West Australian reported that Western Areas managing director Dan Lougher said that the Glencore-Xstrata merger could be the catalyst for a wave of acquisition activity in the WA nickel sector this year, with the new global giant primed ...
Tags: West Australian, Western Areas, Nickel Sector, WA nickel
China's competition officials are still weighing Dole Food Co's deal to sell its global packaged food and Asian fresh businesses to Japan's Itochu Corp, forcing the two firms to delay completion of the sale. Dole had hoped to sign-off ...
Tags: Dole Food Co, global packaged food, fresh businesses, company news
Reuters reported that Kazakhstan's refined copper and gold output rose in January to November 2012 while production of alumina, zinc and steel fell compared with the same period last year. Data from the State Statistics Agency showed that ...
Reuters reported that Rosneft,seeking to wrap up Russia's largest-ever takeover deal,raised USD 16.8 billion in bank loans and signed long-term supply deals with two leading oil traders that could be worth as much as USD 50 billion. ...
The mining sector's bellwether companies were all beaten down on Monday after China's premier Wen Jiabao delivered a downbeat outlook for the world's second largest economy adding that there were "new problems" to deal with. China will ...
Tags: China, Coal, Copper, Finance, Iron Ore, Lead, Nickel, Potash, Rare Earth, Zinc
Proactive Investors reported that Mamba Minerals will raise USD 787,500 through the private placement of 3.5 million shares at USD 0.225, in a deal arranged by Capital Investment Partners to Michael O’Keeffe. O’Keeffe was the ...
Tags: Proactive Investors, Mamba Minerals, private placement, Minerals
Commodity trader Glencore has said it wants to be a "true leader" in global grain trading after completing its acquisition of Viterra in a deal worth US$6bn. Glencore said this week its completion of the deal hands it "immediate critical ...
Tags: Commodity trader Glencore, global grain trading, acquisition
Swiss commodities trader Glencore International has completed the acquisition of Canadian grain handler Viterra for C$6.1bn($6.18bn). Glencore noted that the acquisition gives the company a significant presence in the key grain markets of ...
Tags: Glencore International, Viterra, acquisition
Anglo Asian will sell 2,500 wet metric tonnes and 550 dry metric tonnes of copper concentrate when available to Glencore. Azerbaijan miner Anglo Asian Mining has unveiled a deal to sell copper concentrate to commodities giant Glencore. ...
Tags: Anglo Asian, wet metric tonnes, dry metric tonnes, copper concentrate