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Glencore plc is a Anglo-Swiss multinational commodity trading and mining company with headquarters in Baar, Switzerland.Glencore's oil and gas headquarters are in London, England as well as its primary listing being on the London Stock Exchange, and it is one of the largest components of the FTSE 100 by market capitalization.
The Kroondal mine is a large open pit mine located in the north-western part of South Africa in Rustenburg, North West. Kroondal represents one of the largest platinum reserves in South Africa having estimated reserves of 6.2 million oz of platinum. [2] The mine produces around 217,000 oz of platinum/year. [2]
By 2011, Glencore operated the mine and had a 40% stake through a 50% holding in Samref Congo Sprl, which in turn held 80% of Mutanda, with the state-owned Gécamines holding the other 20%. In 2011, Gécamines sold its shares to Rowny Assets Limited, a company associated with Israeli billionaire Dan Gertler . [ 9 ]
Glencore already owns 82% of PolyMet Mining and has long been the project's main financial backer. It offered Monday to pay around $71 million to raise that stake to 100%, which would take St ...
The IsaMill is an energy-efficient mineral industry grinding mill that was jointly developed in the 1990s by Mount Isa Mines Limited ("MIM", a subsidiary of MIM Holdings Limited and now part of the Glencore Xstrata group of companies) and Netzsch Feinmahltechnik ("Netzsch"), a German manufacturer of bead mills. [1]
In 2009, ARM joined the International Council on Mining and Metals. [12] In 2009, ARM was reported to be planning $1.12 billion investments in mining in Zimbabwe. [13] [14] In August 2010, ARM entered a $380 million joint venture with Vale to build a copper mine in Zambia, which was expected to produce 100,000 tons of copper.
The Murrin Murrin Mine is a major nickel-cobalt mining ... Minara Resources was fully acquired and is now wholly owned by Glencore International. [3] The mine opened ...
An April 2012 BBC Panorama investigation filmed conditions at the mine, finding some workers there as young as 10. [9] [8] [2] In response to the allegations, Glencore denied any association with the operations on their property, claiming that they make efforts to avoid processing material sourced from artisanal mining. [10]