- About us
- IBJ Awards
- Free Sample
- Contact us
Glencore closes sale of Ernest Henry Mine
(Posted on 08/01/22)
Glencore and Evolution Mining Limited (Evolution) have closed the sale and purchase of Glencore’s 100% interest in Ernest Henry Mining Pty Ltd, the owner of the Ernest Henry Mining (EHM) copper-gold mine in Queensland, Australia.
Glencore has received A$800 million and will receive a further A$200 million in 12 months’ time.
In addition, by reason of Evolution’s acquisition of Ernest Henry, from today, all agreements implementing the economic joint ventures between Glencore and Evolution entered into on 23 August, 2016 have ended and Glencore has no further obligation to deliver any gold, copper concentrate or other metals under these agreements from 1 January 2022. Evolution also assumes all rehabilitation obligations and liabilities and will replace Glencore’s rehabilitation bonds.
Glencore will offtake 100% of the copper concentrate produced at EHM.
Glencore will continue to be among Australia’s leading producers and exporters of the green metals that underpin the global transition to a low-carbon future.
A first half year profit of almost $19bn has been announced by Glencore, partly driven by the company... Read more
Swiss technology group Bühler and Jordanian Al-Hazaa Investment Group have celebrated the opening... Read more
The first solar panels have started being installed this week at BHP’s massive solar farm at Leinster... Read more
China’s Wuxi Boton has announced the world's first carbon neutral conveyor belts for delivery... Read more
Ecobat, the global leader in battery recycling, and Trafigura, a leading global supplier of commodities... Read more
The National Grain and Feed Association in the USA (NGFA) is partnering with the Grain Elevator and... Read more
A new guide to support industry and organisations to engage with First Nations communities across Australia... Read more
Rio Tinto has delivered first ore from the Gudai-Darri iron ore mine as the company brings online its... Read more
British Steel has been given planning approval for a £26 million upgrade to its Special Profiles... Read more
Trafigura Group Pte. Ltd, a market leader in the global commodities industry, released its half year... Read more