News releases that caught my eye this morning including a silver streaming deal between Franco Nevada and Teck Resources and drill results from Seabridge Gold. Seabridge Gold – (SEA:TSX) – Good news for Seabridge shareholders this morning as the drill bit continues to intersect mineralization at the monster KSM project in northwestern British Columbia. This is… Continue Reading

Thanks Glencore, You just promised to cut more production than there is current LME inventory in the copper market. 400,000 tonnes of production is a huge cut that should push the copper market into deficit for the next 18 months. This is going to be great for the copper market and copper-producing countries like the… Continue Reading

Ian Hannam, often referred to as the “The Rainmaker” (also “the King of Mining”), headed up JPMorgan’s mining business and has advised on most of the major mining deals over the past 15 years, including the $90 billion merger between Glencore and Xstrata in 2012.  Nobody has done more mining deals than Hannam. Now he is back, after a brief hiatus, and… Continue Reading

In a shocking move, the world’s largest producer of thermal coal, Glencore (GLEN.LON), announced yesterday that it will shut down its Australian coal operations for three weeks starting in mid-December. An estimated 5 million tonnes of output (roughly 6% of Glencore’s annual Australian coal output) will be cut from the markets as a result. Seaborne thermal-coal prices remain at… Continue Reading

The Sunday Times of London reported overnight that Mick Davis’ X2 Resources has made a bid for some of Anglo American’s Chilean copper mines, their Brazilian nickel assets, and some of their coal operations.  If successful, this would represent Davis’ first acquisition since he left as head of Xstrata after the merger with Glencore in 2013, and could… Continue Reading

Mick Davis, the former head of Xstrata who was kicked out after the $70 billion merger with Glencore completed in the spring of 2013, announced that his new venture (X2 Resources) just raised an additional US $1 billion.  His warchest now sits close to US $5 billion with US $3.3 billion available for immediate withdrawal and another US $1.5… Continue Reading

I was researching the history of Glencore (GLEN:LN) today and, specifically, its billion dollar deal making leader Ivan Glasenberg. Glencore is the one of the largest diversified mining companies in the world with a market capitalization of nearly CAD $80 billion and 2013 top-line revenue of US $240 billion.  They produce and trade in over 90 different commodities… Continue Reading

Senior analyst at global research firm Sanford Bernstein, Paul Gait, says a merger between Glencore and Rio Tinto to form GlenTinto makes a lot of sense.  He spoke to Andrew Bell on BNN’s Commodities. “I think the shareholders of both companies (Glencore and Rio Tinto) ought to welcome the deal,” Gait believes. “If you look at… Continue Reading

After much speculation around the world (including CEO.ca), Rio Tinto issued a statement claiming that although they had been approach by Glencore in July 2014 about a potential merger; those talks ended a month later after Rio’s board decided “a combination was not in the best interests of Rio Tinto shareholders.” The fact Rio acknowledged Glencore’s intentions probably… Continue Reading

According to preliminary reports today from Bloomberg, Glencore (GLEN:LN) which is the fourth largest mining company by market capitalization is entertaining the idea of merging with iron-ore juggernaut Rio Tinto which would create the world’s largest mining company in a +$160 billion deal. According to the report, Ivan Glasenberg (Glencore’s CEO) has begun talks with Aluminum Corp.… Continue Reading

According to reports this morning, the world’s largest steel maker (ArcelorMittal) and the world’s largest mining company (Glencore Plc) are two of the parties interested in bidding for a piece of the Simandou iron-ore project in Guinea which is the biggest undeveloped iron-ore projects on the planet. The Simandou project has been somewhat of a ‘white buffalo’ and has… Continue Reading