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 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-based Mining and commodities giant Glencore Xstrata says it is reducing its coal production in Australia by 15 million tonnes amid weak global demand and oversupply. https://www.thelocal.ch/20150227/glencore-slashes-australian-coal-production Fri, 27 Feb 2015 09:39:19 +0100 glencore-slashes-australian-coal-production 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 UPDATED — Resources giant Rio Tinto has revealed it rejected a potential merger with Glencore in July, following a report the Swiss mining rival was in talks with major shareholder Chinalco. https://www.thelocal.ch/20141007/glencore-bid-to-merge-rejected-by-rio-tinto Tue, 07 Oct 2014 21:02:00 +0200 glencore-bid-to-merge-rejected-by-rio-tinto Mining giant Glencore Xstrata reported a sharp improvement in first-half performance on Wednesday, marking a big switch back into profit. https://www.thelocal.ch/20140820/glencore-xstrata-switches-back-into-black Wed, 20 Aug 2014 14:27:38 +0200 glencore-xstrata-switches-back-into-black Swiss-based Mining and commodities giant Glencore Xstrata says it has appointed the first woman to its board, following criticism of the lack of diversity in its oversight body. https://www.thelocal.ch/20140626/glencore-xstrata-appoints-first-woman-director Thu, 26 Jun 2014 20:48:00 +0200 glencore-xstrata-appoints-first-woman-director Swiss-based mining and commodities giant Glencore Xstrata announced Thursday that it had made former BP chief Tony Hayward's interim stint as company chairman permanent. https://www.thelocal.ch/20140508/former-bp-chief-named-glencores-permanent-chair Thu, 08 May 2014 17:06:00 +0200 former-bp-chief-named-glencores-permanent-chair China Minmetals said on Monday that a consortium led by one of its subsidiaries MMG has agreed to buy Swiss-based Glencore Xstrata Plc's stake in the Las Bambas copper mine project in Peru for $5.85 billion. https://www.thelocal.ch/20140414/chinese-buy-glencore-xstratas-stake-in-peru-mine Mon, 14 Apr 2014 11:45:00 +0200 chinese-buy-glencore-xstratas-stake-in-peru-mine Swiss-based mining giant Glencore Xstrata said on Tuesday that its copper production rose by 26 percent in 2013 from output the previous year, reaching 1.5 million tonnes. https://www.thelocal.ch/20140211/glencore-xtrata-reports-higher-mining-output Tue, 11 Feb 2014 14:52:23 +0100 glencore-xtrata-reports-higher-mining-output Swiss mining giant Glencore Xstrata is expected to pull out of a $5.9 billion gold-copper mining project in the Philippines, its Australian partner Indophil said. https://www.thelocal.ch/20140201/swiss-mining-giant-to-pull-out-of-philippine-project Sat, 01 Feb 2014 09:21:00 +0100 swiss-mining-giant-to-pull-out-of-philippine-project Shares in Switzerland-based global mining and commodities giant Glencore Xstrata traded for the first time on the Johannesburg Stock Exchange on Wednesday. https://www.thelocal.ch/20131113/glencore-xstrata-trades-on-south-african-exchange Wed, 13 Nov 2013 19:03:00 +0100 glencore-xstrata-trades-on-south-african-exchange Swiss mining giant Glencore Xstrata has put its proposed US$7-billion Wandoan open-pit coal project in Australia on hold as oversupply drags on prices. https://www.thelocal.ch/20130911/glencore-xstrata-puts-aussie-coal-project-on-ice Wed, 11 Sep 2013 12:37:00 +0200 glencore-xstrata-puts-aussie-coal-project-on-ice Recently merged Swiss mining giant Glencore Xstrata says that its fusion will create "synergies" allowing it to save at least $2 billion next year. https://www.thelocal.ch/20130910/glencore-xtrata-boss-talks-up-merger-savings Tue, 10 Sep 2013 13:19:00 +0200 glencore-xtrata-boss-talks-up-merger-savings Newly merged Swiss mining giant Glencore Xstrata on Tuesday reported a massive net loss of $8.9 billion for the first six months of 2013 owing to merger write-downs, but signalled it would pay an interim dividend. https://www.thelocal.ch/20130820/glencore-xstrata-promises-dividend-despite-loss Tue, 20 Aug 2013 12:28:00 +0200 glencore-xstrata-promises-dividend-despite-loss Swiss mining giant Glencore Xstrata is laying off more than 900 workers at its $5.9-billion copper project in the Philippines after regulators stalled the mine development. https://www.thelocal.ch/20130813/glencore-xstrata-lays-off-workers-at-stalled-mine Tue, 13 Aug 2013 18:17:00 +0200 glencore-xstrata-lays-off-workers-at-stalled-mine Swiss-based Glencore Xstrata has dismissed 1,000 workers who staged wildcat strikes at its South African chrome operations last week, the firm said on Monday, amid continuing tensions between rival unions in the key mining sector. https://www.thelocal.ch/20130603/glencore-xtrata-fires-1000-south-african-workers Mon, 03 Jun 2013 15:34:00 +0200 glencore-xtrata-fires-1000-south-african-workers The chairman of newborn mining and commodities giant Glencore Xstrata, John Bond, was on Thursday axed by its annual general meeting in Zug, just weeks after the Swiss-based group was created via a merger of two key players. https://www.thelocal.ch/20130516/chairman-purged-from-glencore-xstrata-board Thu, 16 May 2013 20:21:00 +0200 chairman-purged-from-glencore-xstrata-board