Sailors SocietyTelestackPort of StocktonPort of South LouisianaVan AalstVigan
  • Geneva Dry
  • Port of Stockton
  • Vigan
  • Cimbria
  • Port of South Louisiana
  • Van Aalst

Glencore closes sale of Ernest Henry Mine

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.

Latest News

Titan Lithium to set up AED 5 Billion processing plant in KEZAD

(Posted on 14/02/24)

Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose... Read more


Australia’s iron ore leaders partner for steel decarbonisation

(Posted on 11/02/24)

Australia’s two largest iron ore producers and its biggest steelmaker have partnered in their... Read more


Lithium market to face transition as demand growth slows

(Posted on 02/02/24)

The lithium market is experiencing a period of transition as demand growth slows and the industry adjusts... Read more


Top US construction economist anticipates weak first half of 2024

(Posted on 31/01/24)

The top economist for the cement, concrete, and construction industries anticipates the U.S. economy... Read more


ADM to expand traceable soybean pilot after U.S. to Europe deliveries

(Posted on 25/01/24)

ADM, a global leader in sustainably sourced solutions from nature, has announced that it has loaded... Read more


MMW and HAG merge

(Posted on 18/01/24)

Mineralmahlwerk (MMW) Hamm, one of the largest processors of mineral raw materials in Europe, and Handels... Read more


Dampier Salt agrees to sale of Lake Macleod operation to Leichhardt

(Posted on 18/01/24)

Dampier Salt Limited (Dampier Salt) has entered into a sales agreement for the Lake MacLeod salt and... Read more


Long-term outlook strong despite decline in US Aluminium demand

(Posted on 12/01/24)

The Aluminum Association in the USA has released preliminary estimates showing demand for the aluminium... Read more


NGFA welcomes Eagle Pass and El Paso rail corridors reopening

(Posted on 05/01/24)

The National Grain and Feed Association (NGFA) and the North America Export Grain Association (NAEGA... Read more


Rio Tinto Board changes

(Posted on 22/12/23)

Rio Tinto has appointed Martina Merz and Sharon Thorne as non-executive directors. Martina Merz will... Read more


Bühler GmbHTBA GroupGeneva DryTMS Awards 2023Cimbria
  • TMS Awards 2023
  • Telestack
  • Bühler GmbH
  • TBA Group

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping