MoneywebGlencore opens above London close in Australia trading debut
The introduction of CDIs, which didn’t involve selling new shares or raising funds, will give the mining and trading giant exposure to Australia’s vast pension industry.
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MoneywebMoneywebRio Tinto sees lithium output impacted by Argentina rainfall
Rio Tinto is the only diversified major miner with lithium assets, after buying a major producer in 2024.
MoneywebBHP cuts 300 workers at Australian iron ore mines as costs rise
Iron ore prices have fallen around 14% since the start of the year, while the costs of mining and shipping the raw material have increased in part due to surging fuel prices.
MoneywebGlencore set for Sydney debut in test of mining giant’s allure
The miner’s Australian debut could attract pension-fund investment, but coal exposure and climate policies may limit demand.