https://feeds.thelocal.com/ Read the latest news and views from Switzerland in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed At least 19 illegal miners were killed on Thursday after part of a copper mine collapsed in southeastern DR Congo, Swiss-based mining giant Glencore said. https://www.thelocal.ch/20190627/at-least-19-illegal-miners-killed-in-dr-congo-mine-collapse-glencore Thu, 27 Jun 2019 22:51:10 +0200 at-least-19-illegal-miners-killed-in-dr-congo-mine-collapse-glencore Mining giant Glencore posted higher first-half net profit on Wednesday August 8th, shrugging off a number of adverse factors, such as a corruption probe in the United States https://www.thelocal.ch/20180809/swiss-mining-company-glencore-post-higher-profits-despite-fraud-probes Thu, 09 Aug 2018 11:10:31 +0200 swiss-mining-company-glencore-post-higher-profits-despite-fraud-probes Mining giant Glencore said on Tuesday that it was being probed by the United States in a corruption investigation linked to its business in Nigeria, Venezuela and the Democratic Republic of Congo. https://www.thelocal.ch/20180704/swiss-mining-giant-glencore-faces-us-corruption-probe Wed, 04 Jul 2018 14:26:42 +0200 swiss-mining-giant-glencore-faces-us-corruption-probe Swiss mining mammoth Glencore said Tuesday its chief Ivan Glasenberg had resigned from the board of Russian aluminium giant Rusal after it was hit with US sanctions and saw its share price collapse. https://www.thelocal.ch/20180410/swiss-glencore-ceo-quits-rusal-board-after-us-sanctions-smash-share-prices Tue, 10 Apr 2018 14:59:01 +0200 swiss-glencore-ceo-quits-rusal-board-after-us-sanctions-smash-share-prices Rio Tinto said on Monday that Swiss commodities giant Glencore has upped its offer for the firm's Australian coal assets, raising the stakes in a bidding war with China-backed Yancoal. https://www.thelocal.ch/20170626/glencore-makes-new-bid-for-rios-australia-coal-assets Mon, 26 Jun 2017 11:01:32 +0200 glencore-makes-new-bid-for-rios-australia-coal-assets International watchdog Global Witness on Friday accused Swiss-based mining corporation Glencore of paying more than $75 million to a scandal-hit Israeli businessman with close links to the Democratic Republic of Congo's President Joseph Kabila. https://www.thelocal.ch/20170306/swiss-mining-company-accused-of-payments-to-businessman-considered-known-corruption-risk Mon, 06 Mar 2017 09:31:32 +0100 swiss-mining-company-accused-of-payments-to-businessman-considered-known-corruption-risk Commodities giant Glencore said on Wednesday it had cut its copper and zinc production in the first quarter as it struggles to rein in an abundance of supply that has sent prices plummeting. https://www.thelocal.ch/20160504/glencore-cuts-copper-zinc-production-to-counter-glut Wed, 04 May 2016 12:23:56 +0200 glencore-cuts-copper-zinc-production-to-counter-glut Swiss commodities giant Glencore announced on Wednesday it was selling nearly half of its vast agriculture business to a Canadian pension fund for $2.5 billion (2.2 billion euros), in cash. https://www.thelocal.ch/20160406/swiss-company-glencore-in-billon-dollar-deal Wed, 06 Apr 2016 13:36:24 +0200 swiss-company-glencore-in-billon-dollar-deal Debt-laden mining and commodities giant Glencore on Monday reported results deep in the red for 2015 due to plunging prices for metals and oil. https://www.thelocal.ch/20160301/glencore-lost-5-billion-last-year Tue, 01 Mar 2016 10:05:04 +0100 glencore-lost-5-billion-last-year Rating agency Moody's on Friday said it cut its credit rating for Swiss mining giant Glencore to a notch above junk status as low commodities prices would continue to cut into earnings. https://www.thelocal.ch/20151218/glencore-credit-rating-cut-to-near-junk Fri, 18 Dec 2015 18:29:31 +0100 glencore-credit-rating-cut-to-near-junk Swiss-based Glencore, the world's largest mining company, widened its debt-trimming plan on Thursday, part of an effort to cope with the worst commodities downturn in seven years. https://www.thelocal.ch/20151210/glencore-announces-further-debt-slashing-plans Thu, 10 Dec 2015 11:34:03 +0100 glencore-announces-further-debt-slashing-plans Debt-laden Swiss mining giant Glencore has begun talks with miners at its Collinsville coal mine in Australia where it plans to cut back production affecting 180 jobs. https://www.thelocal.ch/20151207/debt-hit-glencore-to-slash-aussie-mine-jobs Mon, 07 Dec 2015 13:22:32 +0100 debt-hit-glencore-to-slash-aussie-mine-jobs Debt-laden Swiss mining and commodities giant Glencore is selling a share of its future silver output to help reduce its towering debt, as its copper production has taken a hit. https://www.thelocal.ch/20151104/glencore-sells-silver-output-to-cut-debt Wed, 04 Nov 2015 12:12:13 +0100 glencore-sells-silver-output-to-cut-debt Swiss mining giant Glencore, facing rumours in financial circles it would soon be delisted, insisted on Tuesday that its business remained robust, which sent its shares rebounding by 20 percent. https://www.thelocal.ch/20150929/glencore-shares-rebound-after-firm-denies-delisting Tue, 29 Sep 2015 18:18:06 +0200 glencore-shares-rebound-after-firm-denies-delisting Swiss-based mining giant Glencore, hit by collapsing commodities prices, on Wednesday raised $2.5 billion via a shares sale as part of its vast debt-slashing plan. https://www.thelocal.ch/20150916/glencore-raises-25-billion-in-share-sales Wed, 16 Sep 2015 11:52:48 +0200 glencore-raises-25-billion-in-share-sales Swiss mining giant Glencore, hit by a collapse in commodities prices, announced on Monday a series of extraordinary measures to eliminate roughly a third of its $30 billion dollar (27 billion euros) net debt. https://www.thelocal.ch/20150907/swiss-mining-firm-tackles-multi-billion-dollar-debt Mon, 07 Sep 2015 14:10:38 +0200 swiss-mining-firm-tackles-multi-billion-dollar-debt UPDATED: Swiss mining giant Glencore on Wednesday reported a first-half loss of $676 million, a performance hit by what the company called the worst commodities market since the financial crash of 2008-09. https://www.thelocal.ch/20150819/glencore-posts-heavy-losses-in-first-six-months Wed, 19 Aug 2015 16:30:28 +0200 glencore-posts-heavy-losses-in-first-six-months The Carter Center Friday called on the government of the Democratic Republic of Congo to reveal the terms under which a state firm sold a mining concession to a subsidiary of Swiss group Glencore. https://www.thelocal.ch/20150626/questions-raised-over-glencore-acquisition-in-congo Fri, 26 Jun 2015 11:41:37 +0200 questions-raised-over-glencore-acquisition-in-congo Swiss mining and commodities giant Glencore was back in the black in 2014, posting a $2.3 billion net profit, but took a $1.1 billion impairment charge on dwindling commodity prices, it said on Tuesday. https://www.thelocal.ch/20150303/glencore Tue, 03 Mar 2015 14:42:43 +0100 glencore Swiss mining and commodities giant Glencore on Wednesday announced plans to unload its 23.9 percent stake in South African platinum producer Lonmin and distribute the shares to its own shareholders. https://www.thelocal.ch/20150211/glencore-decides-to-unload-lonmin-stake Wed, 11 Feb 2015 13:12:59 +0100 glencore-decides-to-unload-lonmin-stake