14 hrs ago
Mining giant Glencore makes good on pledge with $1 billion buyback
Diversified mining companies have vowed to control their spending and reward shareholders more after being criticized for years of squandering money on risky projects that resulted in multibillion-dollar writedowns as metals prices started to fall.
14 hrs ago
Glencore Makes Good on Pledge with $1B Buyback
Commodities group Glencore became the first of the large miners to honor promises to return cash to shareholders, announcing a share buyback program of up to $1 billion as it reported forecast-beating first-half profit.
The Chronicle Herald
Donkin mine's new owner must dig in right away
The McNeil government will have a say about who will finally get to operate the Donkin mine, but will it learn from past government mistakes? When global mining giant Xstrata PLC acquired an operating interest in Donkin in 2005, there was plenty of optimism Donkin - first created by the federal government's Cape Breton Development Corp. - would ... (more)
UPDATE 1-Glencore gets $7 billion from Las Bambas mine sale
Glencore Plc said it received $7 billion from the sale of one of the world's largest copper projects, the Las Bambas mine in Peru, and is expected to return at least half the cash to its shareholders.