glencore and shade deals in mining in zambia
Zambia : Glencore court ruling in Zambia may trigger new
Glencore court ruling in Zambia may trigger new pollution claims. Advertisement The FTSE 100 firm completed a £300m project in 2014 to build an acid plant to raise the capture of sulphur dioxide from 50% to 97%. The Switzerland-based commodities and mining giant is appealing against the decision in Zambia's supreme court.
Glencore paid $100m to Dan Gertler in Congo deals
Mar 03, 2017· Glencore paid $100m to Dan Gertler in Congo deals. The FTSE 100 giant handed over royalties and other payments to a company owned by the mining magnate between 2013 and 2016 to satisfy a contractual obligation with its partners. Last month Glencore agreed to buy out Mr Gertler's stakes in two copper mines it operates in the Democratic Republic of Congo for $534m.
Special report: The biggest company you never heard of
Feb 25, 2011· In the space of two weeks recently, Glencore agreed offtake deals with London Mining for its Sierra Leone iron ore production and Mwana Africa for nickel output in Zimbabwe.
Global Witness reaction to US sanctions against Dan
Global Witness reaction to US sanctions against Dan Gertler over Congo deals. In an effort to clamp down on human rights abuses and corrupt action, the US has announced sanctions against 52 individuals and entities, including billionaire mining magnate Dan Gertler and 19 entities linked to him. In response to the sanctions announced
SPECIAL REPORT: Glencore, the commodities giant with no
Apr 25, 2018· Glencore originally traded mostly in oil, but moved into coal, zinc, copper, lead, nickel, ferroalloys, iron, aluminium and agricultural products. Seeing the benefit of controlling production as well as trade, Glencore began investing in mining company Xstrata in 1990.
Glencore DRC mining fee discounts under pressure to explain
Financial Times reported that Glencore is under fresh pressure to explain steep discounts obtained on contract fees related to mining assets it acquired through joint ventures in the Democratic
Glencore to Invest $950 Million Upgrading Mopani Copper
Jul 30, 2019· Glencore to Invest $950 Million Upgrading Mopani Copper Mine. Glencore Plc has revealed that it plans to invest $950 million over three years to expand operations at its Mopani Copper Mines in Zambia, as part of the firm's exhaustive plan to pare costs and reduce debt. The Swiss mining company last month announced it's halting production
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Involuntary relocations: Glencore's Umsimbithi mine
"As mining is a specialised function, it is impossible to expect that the company would source all required skills from surrounding communities." But Glencore claims to be making some progress towards upskilling these villagers: "The company has also provided two bursaries for full-time tertiary study to members of the affected s.
Glencore's Big Loss Reflects Hard Times for Mining·
Mar 02, 2016· Glencore, whose origins were in trading, bought much of its mining assets in its $30 billion takeover of Xstrata in 2013. That deal brought debt and an ill-timed exposure to mines, whose fortunes
CITY FOCUS: The other face of Glencore mining that·
Nov 21, 2011· It is even harder to swallow when one puts what Glencore gives back to Zambia in perspective. Mopani spent £10m on social projects last year, against first-half revenue up …
glencore and shade deals in mining in zambia
glencore and shade deals in mining in zambia Glencore deals mining blow to African copper producers Sep 08, 2015· Glencore's move to suspend operations at mines in the Democratic Republic of Congo and Zambia has dealt a significant blow to Africa's top two copper producers.
Five reasons Glencore/Xstrata mega-merger is important
Sep 10, 2012· Five reasons Glencore/Xstrata mega-merger is important. These mining and commodities trading giants, which are in the midst of a £37bn merger, have ridden an extraordinary boom in demand over the last 10 years and creamed off much of the profits for themselves and their shareholders. Based offshore and paying little tax,
Enough is Enough, Lungu Tells Mines | Zambia Reports
May 17, 2019· President Edgar Lungu has told mining companies that "enough is enough" and that he will be taking action after meeting all stakeholders during his three-day official visit to the Copperbelt. The Head of State said on arrival at Simon Mwansa Kapwepwe International Airport in Ndola a short while
Glencore's Troubles Pile Up While Rivals Get Rich on Iron Ore
The cobalt losses aren't Glencore's only headache from its African copper business, which operates mines across the Democratic Republic of Congo and Zambia. Glencore's Katanga Mining Ltd
Meet Glencore's Contractor in Africa — Global Mining Observer
On the ground in Africa, at Glencore's mines in Zambia and the DRC, equipment looks very different to the newest innovations in Western Australia. The biggest players in underground mine machinery are and , two Swedish groups that boast about …
Zambia Flashcards | Quizlet
Zambia. Founded in 1974, Glencore was originally the Mark Rich Co. In 1983 there was an investigation into their tax processes which found evidence of money laundering, weapon deals …
Glencore cancels Congo debt of $5.6bn in Gécamines equity
Jun 12, 2018· Glencore unveiled a debt-for-equity agreement at the Kamoto Copper Company (KCC) level in which it has a 75% stake through its Katanga Mining whilst Gécamines has a 25% holding. Despite the conversion of debt to equity, the relative shareholdings of Glencore and Gécamines will …
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glencore and shade deals in mining in
glencore and shade deals in mining in Paradise Papers Mining for Control in Glencore's Congo The 10 Katanga Mining board members were troubled by the fact that negotiations with the government of Congo over mining licenses had stalled.
Swiss-based mining-giant Glencore controls 60% of the world's zinc, half the world's copper, 38% of aluminium and 9% of the global grain market. In 2011 it won the dubious award of the world's "most opaque mining company", courtesy of Publish What You Pay Norway (PWYP).
Glencore Digs Out of the Abyss | Fortune
Jul 21, 2016· Glencore revealed at the time that it was mining or trading a whopping 60% of the zinc metal in the "addressable market"—that portion (less than half) of the global market open to third
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Declining copper prices a large factor in Zambia's
Oct 26, 2015· Declining copper prices a large factor in Zambia's economic tumble. Swiss-based mining giant Glencore PLC was another major player in Zambia as the country became the second-biggest copper producer in Africa. Copper accounted for 70 per cent of Zambia's export earnings and there seemed no end to the boom.
Glencore: Tax Evasion and Corruption | Facing Finance
Glencore: Tax Evasion and Corruption. "Publish What You Pay" named Glencore the most opaque mining company in terms of tax transparency as they incorporated half of their 46 subsidiaries into tax havens.  Several other NGOs filed a complaint with the OECD in 2011, alleging that Mopani Copper Mines manipulated financial accounts to evade taxation in Zambia. 
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