Glencore’s Glasenberg urges rivals to shut lossmaking mines

The restart marked exactly a century since the mine first went into production.

The company has signed an additional LOI with Export Development Canada worth $300 million.

The company changed its board of directors and plans to spin out non-core assets La Verde, Capricho, and Paco Orco into a new company.

Most mining firms rely on their own diesel supplies to extract iron ore, diamonds, rutile and bauxite in the resource-rich country.