Glencore PLC

A bomb attack on the rail line of the Cerrejón mine in northern Colombia has temporarily stopped the transport of coal to the port of Puerto Bolívar. Cerrejón, a Glencore subsidiary, reports no injuries; authorities are investigating the incident. Glencore is checking the line for infrastructure damage. According to media reports, this is already the fifth attack on Cerrejón facilities this year. » Altro su finanzen.net

Glencore is joining a consortium seeking to acquire at least 55 percent of Sherritt and to inject fresh equity. The consortium includes Kyma Capital, Trifon Natsis and an unnamed U.S. investor; simultaneously Gillon Capital, the family office of Trump-aligned Ray Washburne, is offering a similar bid for majority control. Sherritt operates North America's only significant cobalt refinery and holds a 50 percent stake in a joint venture with General Nickel Company in Cuba, whose operations are currently frozen due to U.S. sanctions; Glencore did not comment on the report. » Altro su finanzen.net

According to the Financial Times, Glencore is participating in a consortium competing for control of Canadian cobalt producer Sherritt. The consortium, which includes Kyma Capital, Trifon Natsis and an unnamed US investor, plans to inject fresh equity and acquire at least 55 percent. At the same time, Gillon Capital, the family office of Trump ally Ray Washburne, is offering a similar majority takeover. Sherritt operates North America’s only significant cobalt refinery and holds 50% in a joint venture with General Nickel Company in Cuba, whose activities are currently frozen due to US sanctions. » Altro su de.investing.com