Tag: glencore

Nickel Industries-Glencore matte sales contract Nickel Industries Limited (ASX: NIC) has entered into a maiden nickel matte sales contract with Glencore AG commencing in January 2024 and running for an initial six-month term. The contract will see nickel matte from Nickel Industries’ Hengjaya nickel project in Indonesia sold to Glencore. Nickel Industries managing director Justin Werner says the company is delighted about this initial Glencore contract. “This contract a maturing of our nickel matte business and an important diversification of our customer base into western markets closely linked with the global EV supply chain,” he said. “Very pleasingly...

Princely graduation of Glencore pathways program Nine participants of Glencore’s 2023 New South Wales Indigenous Pathways Program (IEPP) have graduated and secured full-time work in the Hunter region, NSW, with ambassador and former NRL premiership winning half Scott Prince praising their stellar efforts. The 26-week program, run yearly, provides work readiness and training opportunities for Indigenous Australians who live on, or have connection to, the areas in which Glencore Coal operates in the region. Glencore Indigenous programs coordinator Carrie Bendeich says the graduates have gained essential job skills and developed a strong foundation for their future careers in the industry. “This program is designed...

Glencore goes to bat for Aussie vanadium players Neometals (ASX: NMT) has signed an initial five-year agreement with Glencore for all saleable vanadium bearing products from its Vanadium Recovery Project (VRP1). The deal, done through its indirectly-owned entity, Novana Oy, which is a unit of Recycling Industries Scandinavia AB, whereby Neometals holds 72.5% ownership and Critical Minerals holds 27.5% stake, automatically renews in two-year increments unless otherwise chosen. Neometals managing director Chris Reed says this offtake agreement represents a significant milestone as it “further emphasises the anticipated future need for high-purity materials in the market”. “This is supported by significant expected demand from the vanadium redox flow battery sector and other potential...

Glencore’s $20b impact on the Australian economy Glencore contributed just under $20b to the Australian economy in 2022, according to the company’s latest report. The mining company is the largest Australian producer of coal, zinc, lead and cobalt, employing over 18,000 staff and contractors across its 24 mines and processing facilities. Glencore head of corporate affairs Cassandra McCarthy says the company is proud of its people who make a huge contribution to Glencore’s success. “When mining does well, Australians do well and our economy does well,” she said. “We should never take that for granted.” Glencore supports more than 7,000...

  MINERAL processing experts from the Sustainable Minerals Institute’s (SMI) Julius Kruttschnitt Mineral Research Centre (JKMRC) have embraced 21st century technology to maintain site engagement and delivery of research outcomes to mineral processing plants amid COVID-19 restrictions. Surveying, diagnosing and identifying improvement opportunities for processing plants generally requires teams to travel to a mine site, often in remote locations, and undertake hands-on testing alongside mine personnel ? a difficult feat considering ongoing travel and distancing restrictions. Faced with these challenges, JKMRC experts have developed a remote survey coordination method which allows them to engage with site personnel and facilitate the same procedures through the use of video streaming. JKMRC senior research fellow and process performance specialist Lizette Verster said the...

ON August 7 this year, Glencore announced its plans to close the Mutanda mine, citing reduced economic viability and the low prices as the main drivers behind the decision. Glencore chief executive officer Ivan Glasenberg said the company had planned to transition the Mutanda operation to temporary care and maintenance by year end, “reflecting its reduced economic viability in the current market environment, primarily in response to low cobalt prices”. According to Benchmark Mineral Intelligence analyst Caspar Rawles, the announcement actually had a ripple effect in the market, which had experienced a downward trend from the first quarter 2018 through to the beginning of August 2019 (when Glencore released its half year report), mainly due to fears over oversupply. “We...