Teck rejects Glencore’s sweetened bid, pushes for own restructuring

Glencore has offered Teck's shareholders 24% of the combined metals group and up to $8.2 billion in cash for those who may not want exposure to thermal coal.

Reuters | April 13, 2023 | 7:03 am

Rare zircon samples give new clues on earth’s ancient dwellers

Old and rare examples of zircon with graphite inclusions tell the story of ancient life on earth.

Staff Writer | April 13, 2023 | 5:11 am

Teck shareholders call for Glencore to boost takeover bid

Glencore Chief Executive Gary Nagle is flying to Toronto to meet with some Teck shareholders on Thursday to personally lobby them to support the deal.

Reuters | April 12, 2023 | 5:06 pm

Glencore tweaked $23 billion Teck bid after investors balked at coal

Glencore presented a revised plan, giving Teck shareholders the option to receive up to $8.2 billion in cash instead of shares in the spun off coal company.

Bloomberg News | April 12, 2023 | 3:02 pm

Glencore adds Russian aluminum to LME system

Higher stocks of Russian aluminum on the LME are a concern as they could weigh on benchmark prices.

Reuters | April 12, 2023 | 9:21 am

Trafigura takes significant copper volumes from LME warehouses

Copper stocks in LME warehouses, at 56,800 tonnes, have fallen by more than 25% since the middle of March.

Reuters | April 12, 2023 | 4:06 am

Botswana threatens break-up with De Beers in push for better diamond deal

The nation is seeking a larger share of rough diamonds and revenues from its long-standing partner De Beers.

Cecilia Jamasmie | April 12, 2023 | 3:49 am

Export restrictions may threaten the green transition, OECD says

The restrictions have increased more than five-fold in the last decade to a point where 10% of the global value of exports is subject to at least one measure, the OECD says.

Bloomberg News | April 11, 2023 | 10:20 am

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