Radiant World sent lender fake Glencore deals, lawsuit says

Deutsche Bank increased its price target for Glencore, maintaining a 'Buy' rating. The company's shares have seen a 5-day change of -0.73%, a 1st Jan change of +2.97%, and a 40.62% increase over a longer period. The bank also raised the price target for BHP.

Glencore's MARA project in Argentina received RIGI approval, integrating the Agua Rica deposit with the Alumbrera processing plant. The company expects MARA to become a top 25 copper producer, with first production in late 2027. RIGI provides fiscal and tax stability. Glencore aims to leverage existing infrastructure to reduce costs and expedite production.

Glencore's MARA project in Argentina received RIGI approval, with a $4B investment and tax benefits. The project aims to produce over 200,000 tonnes of copper annually, with construction starting in late 2027 and production in 2031. The government submitted the exploitation-phase EIA last month.

Glencore received approval for its MARA project in Argentina, advancing the production timeline to H2 2027. The project aims to produce 200,000 tonnes of copper annually, utilizing existing Alumbrera mine infrastructure. Glencore expects operational efficiencies and job creation, with the project supporting Argentina's copper production ambitions.

Glencore reports trading profits likely exceeding $5 billion, driven by oil, gas, and commodity price increases, along with higher freight costs. The company's stock rose 2.8% on the news, with long-term pretax guidance also lifted. First-half core earnings reached $10.1 billion, an 86% increase year-over-year, according to the company.

Glencore received approval for the Agua Rica project under Argentina's Large Investment Incentive Regime (RIGI), with an estimated $4 billion investment. The company stated this provides fiscal and regulatory certainty for long-term investment. The project is expected to create jobs and expand local supply chains, with construction employing up to 3,500 workers. The approval coincides with the reactivation of the Alumbrera mine, set for 2027, which will support the Agua Rica project.