Glencore PLC

Glencore Plc engages in the production and marketing of metal, mineral, and energy and agricultural commodities. The firm serves the automotive, steel, power generation, battery manufacturing, and oil sectors. It operates through the following segments: Marketing, Industrial, and Corporate and Other. The Marketing segment includes net sale and purchase of physical commodities, and provision of marketing and related value-add services. The Industrial segment deals with the sale of physical commodities over the cost of production and/or cost of sales. The Corporate and Other segment represents group related income and expenses. The company was founded in 1974 and is headquartered in Baar, Switzerland.

Teck Resources

Glencore on Tuesday said it had struck a $9 billion deal to buy Canadian mining company Teck Resources' steelmaking coal business, as the Swiss commodities giant pushes forward with plans to spin off its own bulked up coal mining operations into a separate U.S.-listed firm.

Glencore strikes $9 billion deal to buy 77% stake in Teck Resources' coal business

Shares in mining major Glencore PLC (LSE:GLEN) were up almost 4% in early trading after it said it was acquiring a 77% stake in Elk Valley Resources (EVR), the steelmaking coal division of Teck Resources, for US$6.93 billion. It is part of a broader deal by the Canadian giant that will see the remainder of the steel business offloaded to Nippon Steel and Korea's POSCO.

Glencore shares jump 3.7% after it unveils Teck coal deal

Nippon Steel Corp

(Kitco News) - In the spring Teck floated a proposal to split its coal and copper businesses. In April Teck Glencore made a $22.5 billion unsolicited takeover for Teck.

Teck sells coal business to Glencore and Nippon Steel in $9 billion deal

VANCOUVER, British Columbia, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced it has agreed to sell its entire interest in its steelmaking coal business, Elk Valley Resources (“EVR”), through a sale of a majority stake to Glencore plc (“Glencore”) for an implied enterprise value of US$9.0 billion, and a sale of a minority stake to Nippon Steel Corporation (“NSC”).

Teck Announces Full Sale of Steelmaking Coal Business

The companies are said to be in advanced talks on a deal that would value the coal assets at close to $10 billion.

Teck Resources Nears Deal to Sell Coal Business to Glencore

Tantalex Lithium Resources (CSE:TTX, OTC:TTLXF) told investors it has concluded its previously announced lithium marketing offtake agreement with Glencore AG, which will also see the mineral trading giant provide it with $5 million under a convertible financing facility. In a statement, the company noted that the marketing offtake agreement covers 100% of the lithium to be produced from its Manono lithium tailings project in the Democratic Republic of Congo.

Tantalex Lithium and Glencore finalize lithium marketing and capex funding deal for Manono project

Tullow Oil PLC (LSE:TLW) shares rose in Monday's early dealing as the Africa focused oil producer secured a new $400 million debt facility through a deal with Glencore. It will be a five-year arrangement, with draw-downs available over an initial 18 month period, and will carry interest at an overnight benchmark rate plus 10%.

Tullow Oil boosts as it inks debt deal with Glencore

Tullow Oil said on Monday it had entered into a $400 million five-year debt facility deal with Glencore which would help manage its senior notes maturing through 2026.

Tullow signs $400 mln debt facility deal with Glencore

Polymet Mining

BAAR, Switzerland, Nov. 07, 2023 (GLOBE NEWSWIRE) -- On November 7, 2023, Glencore AG, a wholly-owned subsidiary of Glencore plc (together “Glencore”) acquired all of the issued and outstanding common shares (“Common Shares”) of PolyMet Mining Corp. (“PolyMet”), other than those Common Shares currently held by Glencore. The acquisition was effected by way of a plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”).

Glencore Acquires Full Ownership of PolyMet Mining Corp.

St. Paul, Minnesota--(Newsfile Corp. - November 7, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) ("PolyMet" or the "Company") announces that it has completed the transactions contemplated by the previously announced statutory plan of arrangement under Part 9, Division 5 of the Business Corporations Act (British Columbia) (the "Arrangement") involving the Company and Glencore AG ("Glencore"). Pursuant to the Arrangement, Glencore acquired the approximately 17.82% of the issued and outstanding common shares of PolyMet that Glencore did not already own (the "Minority Shares") for US$2.11 in cash, per Minority Share.

Glencore Completes Acquisition of PolyMet

St. Paul, Minnesota--(Newsfile Corp. - November 1, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) ("PolyMet" or the "Company") announces that shareholders of PolyMet approved the previously announced plan of arrangement (the "Arrangement") with Glencore AG ("Glencore") at a special meeting (the "Meeting") of PolyMet shareholders ("Shareholders") held earlier today. At the Meeting, Shareholders voted to approve the acquisition by Glencore of all of the issued and outstanding common shares of the Company ("Common Shares") that Glencore does not currently own (the "Minority Shares") for US$2.11 in cash per Minority Share (the "Consideration").

PolyMet Shareholders Approve Plan of Arrangement with Glencore

Sigma Lithium Corp

Sigma Lithium Corp (TSX-V:SGML, NASDAQ:SGML) announced that it has received a 50% prepayment from Glencore for its third shipment of Triple Zero Green Lithium. The shipment consisted of 20,000 tonnes of its unique, sustainable lithium.

Sigma Lithium receives 50% prepayment from Glencore for Triple Zero Green Lithium shipment

Glencore is in the top five producers of the following metals: nickel, zinc, copper, aiming to expand its metallurgical coal business through the acquisition of Teck Resources' coal assets. The company's 1H2023 and 3Q23 results showed declining revenues due to lower commodity prices and declining output, but Glencore expects better performance in the second half of the year. Glencore dividend yield is the best among its peers. To obtain a yield of 8.8%, we pay an EV/EBITDA of 3.8.

Glencore: On The Sidelines Despite Attractive Dividend Yield

SÃO PAULO, Oct. 31, 2023 /PRNewswire/ -- Sigma Lithium Corporation ("Sigma Lithium" or the "Company") (NASDAQ: SGML, BVMF: S2GM34, TSXV: SGML), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable chemical-grade lithium concentrate, announces it has received from Glencore the prepayment for its third shipment of Triple Zero Green Lithium, totaling 20,000 tonnes. The 50% prepayment reflects a premium pricing at a 9% provisional price of lithium hydroxide at LME (average China, Japan, South Korea) for the Company's unique Triple Zero Green Lithium.

SIGMA LITHIUM RECEIVES FROM GLENCORE A 50% PREPAYMENT AT PREMIUM PRICES FOR ITS THIRD SHIPMENT OF 20,000 TONNES

Largo Resources LTD

Energy Fuels

Europe and China vanadium pentoxide and ferrovanadium spot prices were lower the past 30 days. Vanadium market news - Energy Dome, Invinity, Form, Redflow projects among DOE's US$325m LDES winners. Innovation arm of US Department of Defense trials flow batteries. Vanadium company news - Bushveld Minerals reports H1, 2023 net loss of US$12.5 million.

Vanadium Miners News For The Month Of October 2023

(Kitco News) - Global mining and metals group Glencore (LSE: GLEN) announced on Monday that in 9M 2023, its own sourced copper production was 735,800 tonnes, 5% lower than 9M 2022.

Glencore reports lower copper, zinc and nickel production in 9M23, cuts nickel and ferrochrome guidance

Glencore PLC (LSE:GLEN) announced that its nickel production will be lower than anticipated this year as maintenance outages and strikes that took place in 2022 still weigh in. Third-quarter production figures showed that the effects of last year's strike at the Raglan mine in Canada were still being felt, Glencore said in an update on Monday.

Glencore nickel production still bearing brunt of last year's strikes

PolyMet's Unconflicted Board of Directors recommends Minority Shareholders vote FOR the Arrangement Both leading independent proxy advisors, ISS and Glass Lewis, recommend shareholders vote in favor of the transaction Shareholders are encouraged to vote in advance of the proxy deadline on October 30, 2023, at 12:00 p.m. (Eastern Time) Shareholders who have questions or need assistance with voting their shares can contact Laurel Hill Advisory Group at 1-877-452-7184 or by e-mail at assistance@laurelhill.com St. Paul, Minnesota--(Newsfile Corp. - October 27, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) ("PolyMet" or the "Company") is reminding shareholders to vote FOR the plan of arrangement (the "Arrangement") with Glencore AG ("Glencore") whereby, among other things, Glencore will acquire the approximately 17.8% of the issued and outstanding common shares of PolyMet that Glencore does not currently own (the "Minority Shares") in exchange for US$2.11 per share.

PolyMet Shareholders to Vote on Arrangement with Glencore

Electra Battery Materials Corp

The Metals Co

Umicore SA

Cobalt spot prices were flat for the month. LME inventory was flat for the month. China plans to boost state cobalt reserves after prices drop. Cobalt market news - BMI and Morgan Stanley forecast global cobalt surpluses this year of 17,000t and 47,061t, respectively. BMI expects demand to overtake supply quite substantially in 2027. Cobalt miners news - ERG signs 5-year agreement with EVelution Energy to supply cobalt for their future U.S. processing facility, Umicore, confirms expansion of its battery materials facility in Canada.

Cobalt Miners News For The Month Of October 2023

Glencore PLC (LSE:GLEN) has announced the closure of its copper mines in Mt Isa, Queensland, by 2025, affecting 1,200 workers and ending 60 years of operation. The decision comes after studies found that the remaining resources are not economically viable due to low ore grades and safety concerns.

Glencore to close historic Mt Isa copper operation in Australia

ISS finds "significant premium of 167%", consideration of alternatives, and the risks of non-approval as its basis for supporting the all-cash transaction Glass Lewis cites the certainty and liquidity of cash, safeguarding of minority shareholder interests, and compelling premium as rationale for its endorsement Shareholders are encouraged to vote well in advance of the proxy deadline on October 30, 2023, at 12:00 p.m. (Eastern Time) St. Paul, Minnesota--(Newsfile Corp. - October 16, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) ("PolyMet" or the "Company") is pleased to announce that both leading independent proxy advisors, Institutional Shareholder Services Inc. ("ISS") and Glass Lewis & Co. ("Glass Lewis"), have recommended PolyMet shareholders vote FOR the plan of arrangement (the "Arrangement") with Glencore AG ("Glencore") whereby, among other things, Glencore will acquire the approximately 17.8% of the issued and outstanding common shares of PolyMet that Glencore does not currently own (the "Minority Shares").

ISS and Glass Lewis Recommend Polymet Mining Shareholders Vote FOR the Arrangement with Glencore

AMSTERDAM--(BUSINESS WIRE)--The Logic Factory announces successful go-live at Glencore's Zinc and Lead operations to tackle planning complexities of feed mix in mining industry.

The Logic Factory Announces Successful Go-live at Glencore's Zinc and Lead Operations to Tackle Planning Complexities of Feed Mix in the Mining Industry to Maximize Profit

Unanimous support from the Board of Directors to acquire the remaining approximately 17.8% A 167% premium to the day prior to the offer For any shareholder inquiries and voting support contact Laurel Hill Advisory Group North American Toll Free: 1-877-452-7184 (or 416-304-0211 for shareholders outside North America) Email: assistance@laurelhill.com St. Paul, Minnesota--(Newsfile Corp. - October 2, 2023) - PolyMet Mining Corp. (TSX: POM) (NYSE American: PLM) ("PolyMet" or the "Company") announced today the filing of PolyMet's Management Information Circular (the "Circular") and associated meeting materials (collectively, the "Meeting Materials") in connection with the previously announced statutory plan of arrangement (the "Arrangement") which provides, among other things, that Glencore AG ("Glencore") will acquire the approximately 17.8% of the issued and outstanding common shares of PolyMet that Glencore does not currently own (the "Minority Shares") for US$2.11 in cash per share (the "Consideration"). Board of Directors' Recommendations and Rationale for Arrangement The Board of Directors of the Company (the "Board") (excluding conflicted directors), unanimously determined that the Arrangement is in the best interests of the Company and fair to the holders of Minority Shares and recommends that the holders of Minority Shares (the "Minority Shareholders") vote in favor of the resolution relating to the Arrangement at the Special Meeting of Shareholders.

PolyMet files Management Information Circular to consider the US$2.11 per share Glencore proposal

Hecla Mining

Newmont Mining

Pan American Silver

Southern Copper

(Kitco News) - Kitco ranked the top 10 silver producing companies worldwide based on reported silver output in Q2 2023.

The world's largest silver producers in Q2 2023 - report

Stellantis N.V. 

Volkswagen AG

A US1 billion SPAC or special acquisition company deal involving car giants VW and Stellantis and miner Glencore has collapsed after an agreement could not be reached over a revision of the terms ACG, a SPAC set up by the trio to buy two nickel and copper mines in Brazil from Appian Capital, said in a statement that despite its best efforts revisions to the acquisition agreement have not been agreed and deal terminated. Glencore was to invest US$100mln into the SPAC, with Stellantis and mining investment fund La Mancha Resource Capital providing an equal amount.

News for Glencore PLC Stock (GLNCY)