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Glencore Reports $5.4 Billion Half-Year EBITDA Amid Lower Coal Prices and Copper Output 1 Corporate News International 

Glencore Reports $5.4 Billion Half-Year EBITDA Amid Lower Coal Prices and Copper Output

Constance
Glencore Half-Year Report 2025 — CEO Review and Financial Highlights Glencore’s Chief Executive Officer, Gary Nagle, announced that the company has made significant progress in optimising operations and positioning for long-term, value-accretive growth during the first half of 2025. A comprehensive review of Glencore’s industrial portfolio identified opportunities to streamline the operating structure, optimise departmental management and reporting, and enhance technical expertise. As part of this review, Glencore expects approximately $1 billion in recurring cost savings (against a 2024 baseline) to be fully delivered by the end of 2026, with… Read More Here
Copper Tariff Exemption Reveals the U.S. Balancing Act Between Industry Protection and Energy Costs 2 International Copper Economy 

Copper Tariff Exemption Reveals the U.S. Balancing Act Between Industry Protection and Energy Costs

Constance
Why the U.S. Exempted Refined Copper from Tariffs While Slapping 50% Duties on Aluminum In a move that surprised global markets, the United States last week announced it would exempt refined copper metal from new import duties—while maintaining steep tariffs on semi-finished copper products such as wire, tube, and sheet. The decision sent Comex copper prices down more than 20% since the announcement last Wednesday. The contrast between this exemption and the earlier imposition of 50% tariffs on aluminum imports highlights the crucial role of energy costs and industry lobbying… Read More Here
Barrick Gold Enhances Transparency with Tailings Disclosure Aligned to Global Standards 3 Uncategorized Corporate News Gold International 

Barrick Gold Enhances Transparency with Tailings Disclosure Aligned to Global Standards

Constance
Barrick Gold Reports Full Tailings Storage Disclosure in Line with Global Industry Standard on Tailings Management Barrick Gold Corporation, listed on the NYSE and TSX, has released detailed disclosures of its tailings storage facilities (TSFs) in line with the Global Industry Standard on Tailings Management (GISTM), reaffirming its commitment to safety, transparency, and environmental responsibility. The disclosures provide site-level data for all relevant TSFs that Barrick owns, operates, or has in the design phase. This initiative underscores the company’s active role in developing the GISTM and its alignment with best… Read More Here
South Africa Hit with 30% U.S. Export Tariffs After Failed Trade Agreement 4 Economy International 

South Africa Hit with 30% U.S. Export Tariffs After Failed Trade Agreement

Constance
U.S. Slaps 30% Tariff on South African Exports Amid Collapsed Trade Talks South Africa is set to face a 30% tariff on its exports to the United States starting next week, following the failure to secure a new trade agreement before a deadline imposed by former U.S. President Donald Trump. The tariffs, formalized in an executive order signed on Thursday, apply to dozens of countries, with rates ranging between 10% and 41%. They will take effect within seven days as part of Trump’s broader effort to reshape global trade terms… Read More Here
One Dead, Five Missing After Earthquake Triggers Collapse at Chile’s El Teniente Copper Mine 5 International Copper Mining safety 

One Dead, Five Missing After Earthquake Triggers Collapse at Chile’s El Teniente Copper Mine

Constance
El Teniente Mine Collapse: One Dead, Five Missing After 4.2-Magnitude Earthquake Hits Codelco Site One worker has died and five remain missing following a structural collapse at the Andesita project within Codelco’s El Teniente copper mine, after a 4.2-magnitude earthquake struck central Chile on Thursday evening. The mine, located 75 km southeast of Santiago, is the world’s largest underground copper operation. State-owned copper giant Codelco confirmed the death of Paulo Marín Tapia and reported that nine other workers sustained injuries, though none were life-threatening. Rescue efforts have been hampered due… Read More Here
Global Gold Market at a Crossroads as Investor Demand Surges 6 Gold Economy International 

Global Gold Market at a Crossroads as Investor Demand Surges

Constance
Gold Demand in 2025 Surges from Investors While Central Banks and Jewelry Sector Pull Back The global gold market is undergoing a major transformation. In the first half of 2025, global demand reached 2,400 tonnes, according to the latest report released by the World Gold Council (WGC) on July 31, 2025. While gold continues to attract attention, the drivers of demand are shifting sharply—investor appetite is growing, while central banks and the jewelry sector are losing momentum. Historically one of the main sources of gold demand, central banks are now… Read More Here
Botswana Aims for Majority Stake in De Beers as Anglo American Prepares Exit 7 Corporate News Diamond International 

Botswana Aims for Majority Stake in De Beers as Anglo American Prepares Exit

Constance
Botswana Seeks Majority Control of De Beers Amid Anglo American’s Exit Strategy The Government of Botswana has signaled its intention to acquire a controlling stake in diamond giant De Beers, according to Mining.com, citing a report from the Financial Times. This move adds a new layer of complexity to Anglo American’s ongoing efforts to divest its ownership of the iconic diamond producer. Currently, Botswana holds a 15% stake in De Beers and owns 50% of Debswana, a joint venture with the company that handles a significant portion of De Beers’… Read More Here
Trump Imposes 50% Tariff on Copper Imports to Boost Domestic Industry 8 International Copper 

Trump Imposes 50% Tariff on Copper Imports to Boost Domestic Industry

Constance
Trump Enacts 50% Tariff on Copper Imports Starting August 1 to Strengthen U.S. Industry and National Security U.S. President Donald Trump has signed a proclamation imposing a 50% tariff on a wide range of copper imports, including semi-finished products such as pipes, wires, rods, sheets, and tubes. The new tariff, effective August 1, is intended to strengthen the domestic copper industry and address national security concerns. According to a White House fact sheet, the tariff applies specifically to semi-finished and copper-intensive derivative products, such as pipe fittings, electrical connectors, cables,… Read More Here
Three Gold Miners Accept Mali’s New Mining Code Amid Sector Shake-Up 9 Gold International 

Three Gold Miners Accept Mali’s New Mining Code Amid Sector Shake-Up

Constance
Endeavour Mining and Two Others Agree to Mali’s New Mining Code as Regulatory Standoff Eases Three gold producers, including London-listed Endeavour Mining (EDV.L), have agreed to operate under Mali’s controversial new mining code, ending a prolonged standoff that has disrupted the country’s gold sector. Malian Finance Minister Alousseni Sanou and the Minister of Mines announced in a televised address that Somika SA (80% owned by Endeavour and 20% by the Malian government), Faboula Gold, and Bagama Mining have signed a memorandum of understanding to adopt the revised mining framework. The… Read More Here
Vedanta Misses Quarterly Profit Estimates Despite Revenue Growth in Aluminium and Copper 10 International Copper Corporate News 

Vedanta Misses Quarterly Profit Estimates Despite Revenue Growth in Aluminium and Copper

Constance
Vedanta Misses Profit Forecasts as Lower Aluminium and Copper Prices, Higher Taxes Weigh on Earnings Indian conglomerate Vedanta Ltd. fell short of quarterly profit expectations for the three months ending June 30, as declining aluminium and copper prices along with higher tax expenses outweighed gains from strong domestic demand. Despite reporting a 6.2% year-on-year increase in total revenue to ₹374.34 billion ($4.3 billion), Vedanta’s consolidated net profit dropped to ₹31.85 billion, down from ₹36.06 billion during the same quarter last year. Analysts polled by LSEG had expected a profit of… Read More Here

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