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Mining giant Glencore Xstrata says copper output rises 26%

Mining giant Glencore Xstrata said on Tuesday that its copper production rose by 26 percent in 2013 from output the previous year, reaching 1.5 million tonnes. Copper is a key measure of the health of the commodities sector, and the Swiss-based group said that output growth was driven by mining in the Democratic Republic of Congo, Chile, Peru and Australia.

Glencore Xstrata 'to pull out' of Philippine mining project

Swiss mining giant Glencore Xstrata is expected to pull out of a $5.9 billion gold-copper mining project in the Philippines, its Australian partner Indophil said. Melbourne-based Indophil Resources NL said in a quarterly report released this week that "Glencore Xstrata has advised Indophil of its preference to pursue divestment of its interest in Tampakan." "All indications point to Glencore Xstrata seeking to divest its majority interest in the Tampakan Copper-Gold Project," the report added.

Glencore clinches Chinese approval with copper deal

By Clara Ferreira-Marques LONDON (Reuters) - China's antitrust authorities removed the last obstacle to Glencore's <GLEN.L> $30 billion (19 billion pounds) takeover of miner Xstrata on Tuesday after the commodities trader agreed to sell a $5.2 billion mining project to ease its grip on copper. Xstrata's Las Bambas mine in Peru had been expected to be sacrificed to secure the approval of China's Ministry of Commerce, but Glencore also agreed 8-year commitments covering the supply of copper, zinc and lead to China.

Glencore clinches Chinese approval with copper deal

By Clara Ferreira-Marques LONDON (Reuters) - China's antitrust authorities removed the last obstacle to Glencore's $30 billion (19.6 billion pounds) takeover of miner Xstrata on Tuesday after the commodities trader agreed to sell a $5.2 billion mining project to ease its grip on copper. Xstrata's Las Bambas mine in Peru had been expected to be sacrificed to secure the approval of China's Ministry of Commerce, but Glencore also agreed 8-year commitments covering the supply of copper, zinc and lead to China.

Glencore concessions to China expected for Xstrata deal

By Clara Ferreira-Marques LONDON (Reuters) - Trader Glencore <GLEN.L> is expected to agree to concessions this week to ease Chinese worries over its grip on the supply of copper, clearing the final regulatory hurdle in its $32 billion acquisition of miner Xstrata.

Glencore pushes back Xstrata deal due to China probe

LONDON (Reuters) - Glencore said on Tuesday it had again extended the date by which it expects to close its merger with Xstrata, due to the ongoing investigation into the deal in China. Glencore has been waiting for several months for China, the biggest buyer of the materials it trades and mines, to give the go-ahead before it can complete its $35 billion acquisition of miner Xstrata, the largest deal in the sector to date.

UPDATE 4-Trading cushions Glencore's 2012 profit drop

* Merger deadline extended to April 16 * Glencore 2012 net income down 25 pct * Xstrata hit by over $1.8 bln impairments on platinum, nickel * Glencore takes $1.2 bln accounting hit on RUSAL stake * Glencore, Xstrata raise dividends By Clara Ferreira-Marques

EXCLUSIVE-UPDATE 1-Glencore bartered with firm linked to Iran nuclear program

(Adds reaction) By Louis Charbonneau UNITED NATIONS, March 1 (Reuters) - Commodities giant Glencore supplied thousands of tons of alumina to an Iranian firm that has provided aluminum to Iran's nuclear program, intelligence and diplomatic sources told Reuters.

Glencore pushes Xstrata merger completion back again

LONDON, March 1 (Reuters) - Commodities trader Glencore pushed back the date for completion of its tie-up with miner Xstrata for the third time on Friday, citing on-going regulatory process and the Xstrata court timetable. Glencore said it will not now be possible to complete the deal by March 15, which it had said in January was its "long stop date" for finalising the $33 billion deal. The company, which is due to report its annual results on Tuesday, did not give a new date for when it expects the deal to complete.

EXCLUSIVE-Glencore bartered with firm linked to Iran nuclear program

By Louis Charbonneau UNITED NATIONS, March 1 (Reuters) - Commodities giant Glencore supplied thousands of tons of alumina to an Iranian firm that has provided aluminum to Iran's nuclear program, intelligence and diplomatic sources told Reuters.
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