Mining and trading house Glencore consolidated its global portfolio of coal and ferroalloy assets under one company registered in Australia https://t.co/m9d2AD0EZp
BREAKING: Glencore $GLEN is shifting $22 billion in assets to its Australian subsidiary — and it could all be preparation for a mega merger with $RIO per @mining
Glencore restructures coal assets under single Australian unit https://t.co/NUnHG1JYfH
Harmony Gold has announced an R18 billion acquisition of the CSA Copper mine in Australia, marking a strategic move to diversify its portfolio and expand into copper mining. This deal involves one of the deepest and highest-grade copper mines in Australia, an opportunity few other miners have been able to capitalize on. Meanwhile, Glencore is consolidating its global coal and ferroalloy assets under a single Australian unit, managing approximately $22 billion in assets. This restructuring is seen as a potential step toward a larger merger with Rio Tinto, whose board is reportedly considering renewed merger talks with Glencore. Additionally, Glencore's CEO has defended recent tough decisions amid job cuts. In the exploration sector, Goliath Resources and Dolly Varden have launched extensive drilling programs in Canada, while Brixton Metals has commenced drilling at its Thorn Copper-Gold project. Recent geological discoveries include a major gold, silver, and copper deposit in Europe, described as exceptional.
