$GLCNF

Reuters reports that a UK takeover standstill preventing Rio Tinto from approaching Glencore expires this week, but executives briefed do not expect renewed merger talks. Rio CEO Simon Trott will focus on cost cuts, asset sales, and divestments to unlock over $10bn, targeting half by year-end, plus bolt-on copper deals. Glencore shares are up 33% YTD vs Rio’s 18%.

Glencore plans an Australia listing that could lead to index-linked buying if it is added to the ASX 200, according to management and Berenberg. The article cites Glencore’s estimate of about AUD 1.5 billion of holdings tied to ASX 200 inclusion, and AUD 5.5 billion for potential ASX 100 inclusion, with demand concentrated around index rebalance dates.

Guinea’s government selected Glencore as the bauxite offtaker for Nimba Mining, a state-owned miner, via an international tender, according to Bloomberg and Mines Minister Bouna Sylla. Nimba Mining has exported 4 million tonnes of bauxite in 2026, targeting 8-10mt by year-end and 12mt by 2027. Talks to finalize contract terms are ongoing.

Guinea selected Glencore Plc as offtaker for bauxite from state-owned Nimba Mining after an international tender, according to Bloomberg and Mines and Geology Minister Bouna Sylla. Contract talks continue. Nimba Mining exported 4 Mt this year, targeting 8-10 Mt by year-end and 12 Mt in 2027. Nimba Mining’s bauxite contract was signed this week.

Guinea selected Glencore as offtaker for bauxite from state-owned Nimba Mining Co to better manage export flows, according to Mines and Geology Minister Bouna Sylla. Talks to finalize contract terms are ongoing. Nimba Mining exported 4 million tons this year, targeting 8-10 million tons in 2024 and 12 million in 2027. Nimba Mining took over Guinea Alumina’s concession in Aug.

Abcourt Mines (TSX-V:ABI) says it has a non-binding term sheet with Glencore (LSE:GLEN) to upsize its senior secured debenture financing from US$30 million to 40 million to about US$42.7 million to $56.9 million. The second tranche would rise to US$21.875 million and be disbursed around Aug. 12. Abcourt plans to repay a US$12 million credit facility and fund exploration and capex at its Sleeping Giant and Flordin projects, and issue 46.94 million warrants at $0.12.

Glencore, according to the report, has won a contract to buy bauxite from Guinea’s Nimba Mining. The piece also notes a Berenberg model update for Glencore tied to Australia listing plans, with related changes to its price target and estimates.

Glencore said it plans to apply for a secondary listing on the Australian Securities Exchange, targeting October 2026. The move is described as supportive for the ASX, which is expected to see leadership changes in September.

Glencore Technology says it has installed its Albion Process oxidative leaching technology at Rox Resources’ Youanmi gold project in Western Australia. Rox selected the Albion Process with an IsaMill combination after metallurgical testing to treat refractory and semi-refractory ore that it says cannot be efficiently recovered via standard crush, grind and leach. The firms cite lower capital versus pressure oxidation.

Glencore reported H1 2026 adjusted EBIT of $2.66 billion from energy trading, up from $40 million a year earlier, citing dislocations in LNG, oil and shipping markets. It said crude, fuel and LNG price spikes boosted trading volumes to about 5.2 million barrels per day. Glencore also plans a secondary ASX listing to support copper growth and potential M&A.