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The Latest Breaking News from Glencore

Australia's total coal mine methane emissions double official estimates, Ember report finds

Researchers find "massive under-reporting" of methane emissions from Australian coal mines — but new technology could make a huge difference. So why isn't it being used?

ABC News

Glencore scandal: Cameroon opposition demands inquiry into bribery

In tonight's edition: Senior officials of state companies in Cameroon are accused of accepting bribes from Swiss-based mining giant Glencore. In Egypt, two months after opposition figure Alaa Abdel Fattah started a hunger strike, his supporters are demanding his release from captivity. And in Libya, traditional ceramics are not finding…

France 24

Morning Brief: Top Financial Stories Dominating on Wednesday, May 25

Reuters Ford To Pay $19.2M In Multi-State Settlement For False Advertising Claims

Benzinga

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Commodity Trader Glencore Looks To Settle Bribery, Market Manipulation Charges By Paying Penalties - Read How Much

Commodity trader Glencore Plc (OTC: GLNCY) looks to plead guilty to multiple counts of bribery and market manipulation and pay penalties of up to $1.5 billion following U.S., U.K., and Brazilian investigations,

Benzinga

Glencore pays up to $1.5B to resolve corruption claims

Commodities firm Glencore says it has reached deals with authorities in the United States, Britain and Brazil to resolve corruption allegations in return for penalties totaling up to $1.5 billion

The Independent UK

Glencore pleads guilty to settle sprawling graft probes

Glencore Plc units agreed to plead guilty to charges including bribery and price manipulation as part of a sweeping settlement with authorities in the U.S., UK and Brazil to settle long-running corruption probes that have hung over the commodities giant for years.

Tribune News Service

Mining giant Glencore to pay a billon dollars after bribery probes

The announcement came after Glencore Energy UK indicated in a London court it will plead guilty

Evening Standard

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Glencore to pay $1bn settlement amid US bribery and market abuse allegations

Company also indicates it will plead guilty to bribery counts in UK in relation to oil operations in Africa

The Guardian - UK

Glencore ‘to plead guilty’ over £20m bribery case in Africa

The Serious Fraud Office has charged Anglo-Swiss mining giant Glencore with seven counts of bribery after a long-running probe into its activities in Africa.

Evening Standard

Australian Conservation Foundation names Mount Isa the most polluted postcode in the country

Mount Isa Mines responsible for 91% of emissions in the outback city despite having an ‘industry-leading air quality management framework’

The Guardian - AU

Ravensworth a sacred colonial battlefield

Land earmarked for an open cut mine expansion near Muswellbrook may have the same historical significance as the sacred battlefields of Europe some historians and indigenous communities have argued.

Newcastle Herald

‘Greed and fear’: How BP and Shell oil profit is boosted by own traders

Analysis: Turmoil resulting from pandemic and Ukraine war create ideal conditions for speculators

The Guardian - UK

Wall Street activist Dan Loeb says Shell risks becoming ‘tarnished’ unless it heeds his break-up call

Loeb’s Third Point Investors has been pushing for a break-up of Shell, calling its current business ‘confusing and unmanageable’

Evening Standard

Does Labor plan to force the top 200 energy users and producers to cut emissions by 25%?

Angus Taylor claims that to be the opposition’s aim but Chris Bowen says it’s a target ‘more than two-thirds of the companies already have’

The Guardian - AU

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InsideEVs

General Motors Secures Multi-Year Cobalt Supply From Glencore

Known for its heat-resistant properties, cobalt is added to lithium-ion battery cathodes to improve energy density and battery longevity.

ABC News

Australian miners swoop on Glencore copper opportunities as commodity price rises

Dubbed "the new oil", global demand for copper has reached unprecedented highs this year. Despite this, mining giant Glencore is selling off several copper assets – a move welcomed by Australian mining companies.

Evening Standard

Glencore ends new business in Russia but stops short of full withdrawal

FTSE 100 commodity giant Glencore today cut back its exposure to Russia but stopped short of pulling out of the country altogether as other international businesses have.

ABC News

NT Government allows McArthur River Mine to keep expanding while it negotiates sacred site agreement

The future of resources giant Glencore's McArthur River lead zinc mine depends on whether it can negotiate a new agreement with traditional owners to allow future expansions — potentially interfering with several sacred sites.

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The Guardian - AU

NT government rejects Glencore bid to build toxic dump near sacred site

Mining company’s proposed rock dump at McArthur River zinc and lead mine would have been largest built structure in the territory

ABC News

Northern Territory government rejects Glencore's bid to override sacred sites watchdog on McArthur River mine

In a rare win for traditional owners of the mine site, the Northern Territory government has upheld the sacred sites authority's ruling on Glencore's plans for major expansion.

The Guardian - UK

Scandal-hit mining companies BHP and Glencore pay record $12bn to investors

Companies benefit from soaring price of oil, gas and metals

Evening Standard

Glencore and BHP return $10 billion to investors on the back of soaring coal, oil and metal prices

Surging prices for iron, coal and oil have led to booming profits at Glencore and BHP.

Birmingham Post

Britishvolt plans further £200m fundraise for Blyth gigafactory scheme

The electric vehicle battery firm's partner Glencore has also pledged another £40m towards the project.

The Guardian - UK

UK pay growth lags behind inflation; company insolvencies rise – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Britishvolt and Glencore to build plant capable of recycling lithium-ion batteries

Facility at Northfleet, Kent, will be able to recycle a minimum of 10,000 tonnes of batteries a year

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