Podcasts about Glencore

This week's episode features Alon Olsha, Senior Analyst for Metals & Mining at Bloomberg Intelligence, in conversation with host Adrian Pocobelli on the latest developments at Glencore. Alon explains the mounting shareholder pressure over Glencore's shrinking copper portfolio and its dominant but controversial trading division. He also explores the company's growing focus on Argentina as a key growth region. The discussion also explores the significant obstacles Glencore would encounter if it were to pursue a bid for Teck Resources, as well as the structural and market challenges confronting its smelting operations in a competitive global landscape. All this and more with host Adrian Pocobelli. “Rattlesnake Railroad”, “Big Western Sky”, “Western Adventure” and “Battle on the Western Frontier” by Brett Van Donsel (⁠www.incompetech.com⁠). Licensed under Creative Commons: By Attribution 4.0 License ⁠creativecommons.org/licenses/by/4.0⁠ Apple Podcasts:⁠ https://podcasts.apple.com/ca/podcast/the-northern-miner-podcast/id1099281201⁠ Spotify:⁠ https://open.spotify.com/show/78lyjMTRlRwZxQwz2fwQ4K⁠ YouTube:⁠ https://www.youtube.com/@NorthernMiner⁠ Soundcloud:⁠ https://soundcloud.com/northern-miner

Hello and welcome to episode 201 of the Financial Crime Weekly Podcast. I am Chris Kirkbride. This episode covers key sanctions updates, including the UN Security Council's Resolution 2799 (2025) delisting Syrian officials and the US suspending some Caesar Act sanctions to aid Syria's recovery, as well as the UN General Assembly criticising US sanctions on ICC officials. Enforcement highlights feature fraud charges against six ex-Glencore executives, the UK's National Crime Agency recovering over £20 million in assets via an Unexplained Wealth Order, and sentencing in a record-setting £5 billion Bitcoin seizure. Also discussed are federal charges against MLB pitchers for betting and money laundering, Europol's takedown of phishing-as-a-service networks like LabHost, and FCA alerts about clone scams targeting Northern Trust firms.A transcript of this podcast, with links to the stories, will be available at www.crimes.financial.

Arturo Préstamo Elizondo, Executive Chairman and CEO of Santacruz Silver Mining Ltd. (TSXV: SCZ) (OTCQX: SCZMF) (FSE: 1SZ), joins me unpack the decision to uplist onto the Nasdaq exchange in the US, and to delve into the details of Q3 2025 operational results across their portfolio of producing mines.   On October 28th, the Company announced that it has applied to list its common shares on the Nasdaq Capital Market (NASDAQ); as a significant milestone in Santacruz's growth strategy. We discussed how a big board US listing will increase transparency and liquidity to an expanded American shareholder base, and he explains the rationale for going with the NASDAQ over the NYSE.  In connection with the proposed listing, the Company will seek shareholder approval at the upcoming AGSM for, among other things, a consolidation of its common shares to meet Nasdaq's initial listing requirements, which include a minimum bid price of US$4 per share.    We discussed that the share consolidation is for a positive reason and for listing requirements, which is much different than when cash-starved juniors typically roll back their shares to initiate further series of dilutive financings.  Santacruz Silver paid off their loan to Glencore in September, and is generating record revenues at current metals prices; so they are in a totally different financial position than a pre-revenue junior resource stock. Their motivation for the share consolidation is merely to meet the NASDAQ listing requirements.   We also get into a comprehensive review of all producing operations, as well as discussing future growth through exploration around current mines, development of Soracaya, and the potential for accretive acquisitions. Santacruz Silver operates 1 mine in Mexico, and 5 mines, 3 mills, and an ore feed-sourcing and metals trading business in Bolivia, as an emerging mid-tier silver and base metals producer. On November 3rd, Santacruz Silver reported its Q3 2025 production results from its Bolívar mine, Porco mine, Caballo Blanco Group of mines and the San Lucas Group (which includes the Reserva Mina) and the San Lucas feed sourcing business, all located in Bolivia, and the Zimapan mine located in Mexico.   Q3 2025 Production Highlights: Silver Equivalent Production: 3,424,817 silver equivalent ounces Silver Production: 1,241,929 ounces Zinc Production: 21,581 tonnes Lead Production: 2,603 tonnes Copper Production: 331 tonnes   During Q3 2025, Santacruz maintained steady consolidated production, supported by strong operational performance from Caballo Blanco and San Lucas, which helped offset the lower silver production at the Bolívar mine. This third quarter captured the largest impacts of the water inflow event that first occurred at the Bolívar Mine in May 2025. Since then, their operations team has been actively working on strengthening the pumping system at Bolívar, with the fourth line commissioned in September and the installation of a fifth submersible line underway, which together will increase total pumping capacity to 340 liters per second (l/s). These improvements are facilitating the gradual dewatering and recovery of the affected zones in the Bolívar mine.  The Company expects production from the high-grade Pomabamba and Nané areas at Bolívar to resume in February 2026 and ramp up steadily through the remainder of the year.   In Mexico, Zimapán continued to deliver stable production, reflecting consistent plant throughput and recoveries. we discussed the higher-grade 960 Level at the Zimapan Mine starting to contribute, and how this will continue growing in the Q3 and Q4 production profile from Zimapan for the balance of this year and for many years into the future.   If you have any follow up questions for Arturo regarding Santacruz Silver, then please email those to me Shad@kereport.com.   In full disclosure, Shad is a shareholder of Santacruz Silver at the time of this recording, and may choose to buy or sell shares at any time.   Click here to follow the latest news from Santacruz Silver   For more market commentary & interview summaries, subscribe to our Substacks:   The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/     Investment disclaimer:  This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

In Part 2, Mark Crandall relives the events that led to the founding of Glencore and Trafigura. Why did Claude Dauphin go his separate way and what was the founding vision for Trafigura? How had Marc Rich already set the vision for the trading houses which would lead to their domination? How has that dominance led to almost insurmountable barriers to entry for aspiring competitors today? And what was it about these singular individuals that led to their success?

L'essentiel des nouvelles le 4 novembre 2025 --- TI et affaires: JIQ le 19 novembre à Québec -> https://actionti.com/jiq/ ---C'est finalement l'homme d'affaires Luc Boivin qui a été élu maire de SaguenayLe gouvernement Carney présentera son premier budget cet après-midi Glencore envisagerait de fermer la Fonderie Horne Les Québécois regardent encore beaucoup plus les chaines de télé traditionnelle que Netflix, YouTube et TikTokQuestrade obtient le feu vert pour lancer une banque numériqueOpenAI a signé un premier contrat avec AmazonLa société américaine Kimberly-Clark achète le fabricant de TylenolBerkshire Hathaway détient un montant record de liquiditésLa Bourse de Toronto va accueillir sa première nouvelle société techno en quatre ans--- Version écrite de ces nouvelles et autres nouvelles: https://infobref.com Pour s'abonner aux infolettres gratuites d'InfoBref (notamment pour recevoir ce bulletin audio par écrit chaque matin): https://infobref.com/infolettres Où trouver le balado InfoBref sur les principales plateformes de balado: https://infobref.com/audio Commentaires et suggestions à l'animateur Patrick Pierra, et information sur les options de publicité-commandite dans ce balado: editeur@infobref.com Hébergé par Acast. Visitez acast.com/privacy pour plus d'informations.

Jour de budget à Ottawa. Glencore ferme, ou ne ferme pas? La rencontre politique avec Yasmine Abdelfadel et Mario Dumont. Regardez aussi cette discussion en vidéo via https://www.qub.ca/videos ou en vous abonnant à QUB télé : https://www.tvaplus.ca/qub ou sur la chaîne YouTube QUB https://www.youtube.com/@qub_radioPour de l'information concernant l'utilisation de vos données personnelles - https://omnystudio.com/policies/listener/fr

Nouvelle de dernière heure: Glencore voudrait fermer la Fonderie Horne à Rouyn-Noranda. Tour de table avec Alexandre Dubé, Isabelle Perron et Mario Dumont. Regardez aussi cette discussion en vidéo via https://www.qub.ca/videos ou en vous abonnant à QUB télé : https://www.tvaplus.ca/qub ou sur la chaîne YouTube QUB https://www.youtube.com/@qub_radioPour de l'information concernant l'utilisation de vos données personnelles - https://omnystudio.com/policies/listener/fr

Glencore voudrait fermer la Fonderie Horne. Élections à New York demain. Courses en Virginie et dans le New Jersey. Les Russes donnent un grand coup à Pokrovsk. La rencontre Bureau-Dumont avec Stéphan Bureau et Mario Dumont. Regardez aussi cette discussion en vidéo via https://www.qub.ca/videos ou en vous abonnant à QUB télé : https://www.tvaplus.ca/qub ou sur la chaîne YouTube QUB https://www.youtube.com/@qub_radioPour de l'information concernant l'utilisation de vos données personnelles - https://omnystudio.com/policies/listener/fr

Glencore envisagerait de fermer la Fonderie Horne en raison des coûts élevés. Le prix des produits laitiers se stabilise. Discussion économique avec Francis Gosselin, économiste. Regardez aussi cette discussion en vidéo via https://www.qub.ca/videos ou en vous abonnant à QUB télé : https://www.tvaplus.ca/qub ou sur la chaîne YouTube QUB https://www.youtube.com/@qub_radioPour de l'information concernant l'utilisation de vos données personnelles - https://omnystudio.com/policies/listener/fr

Élections municipales. Grève à la STM. Glencore envisage de fermer la Fonderie Horne. La rencontre Maréchal-Dumont avec Isabelle Maréchal et Mario Dumont. Regardez aussi cette discussion en vidéo via https://www.qub.ca/videos ou en vous abonnant à QUB télé : https://www.tvaplus.ca/qub ou sur la chaîne YouTube QUB https://www.youtube.com/@qub_radioPour de l'information concernant l'utilisation de vos données personnelles - https://omnystudio.com/policies/listener/fr

Today, we're joined by Mark Crandall, one of the founding fathers of the modern trading house and the commodities sector as we know it today. Mark started his career at Morgan Stanley, where he helped launch its commodities desk, before joining Marc Rich & Co. Mark went on the have a pivotal role in, and ring-side seat to, the machinations that lead to the founding of Glencore and Trafigura. In Part 1, we cover his early career leading up to the famous split at Marc Rich & Co. We discuss the rise of the Wall Street Refiners and what made Marc Rich special and the company he founded shape the industry even today.

Luis Benguerel, analista independiente, repasa lo más destacado en Europa: Mercedes, Deutsche Bank y UBS, BASF, Adidas, Capgemini y Glencore.

In today's BizNews Briefing, Alec Hogg unpacks the fiery showdown between Helen Zille and Herman Mashaba as the battle for Johannesburg's mayorship kicks into gear a year ahead of the elections. The war of words between the DA and ActionSA leaders signals an intense contest ahead. Also in the spotlight, mining expert Peter Major tears into the ANC's proposed 25% Chrome export tax - calling it one of the government's “worst ideas yet.” Plus, updates on Glencore and Renergen.

Sasfin Wealth's David Shapiro discusses the day's market developments, miners going strong, Glencore recovering, global market performance, and the US interest rate decision. SAfm Market Update - Podcasts and live stream

Michael Rowley, President & CEO, of Stillwater Critical Minerals (TSX.V: PGE – OTCQB: PGEZF), joins us to review the news out today announcing the completion of the 2025 exploration program, that the Company has engaged Mine Technical Services (“MTS”) to complete an updated NI 43-101-compliant Mineral Resource Estimate (“MRE”) for the Company's 100%-owned Stillwater West critical minerals project in Montana, USA.  Stillwater West hosts nickel, copper, cobalt, chromium, platinum, palladium, rhodium, ruthenium, iridium, gold, and osmium – a unique mix of battery, alloy, and platinum group metals essential to clean energy, defense, and technology supply chains.   Mike explains that this new geological model and understanding of the Stillwater West Project through the lens of the South African Bushveld Complex as a parallel is so crucial to unlocking the value proposition of the Project and for future exploration targeting.  It is also quite constructive have  Dr. Danie Grobler, Vice President of Exploration, Albie Brits, Senior Geologist, provide different layers of input and collaboration with Tim Kuhl and the MTS team on the updated Stillwater resource estimate. Their extensive experience in Platreef-type geology and resource estimation is expected to provide significant value to the Project.   Highlights and upcoming catalysts:   The 2025 drill campaign is now complete, totaling 3,471m in eight holes, with all assays pending. The updated MRE will incorporate 14 drill holes totaling 5,781 meters (“m”) from the 2023 and 2025 programs, plus select historic holes not included in the current estimate. The updated Mineral Resource Estimate is expected in H1 2026 and will mark the next step in advancing Stillwater West as a potential large-scale source of ten minerals listed as critical in the U.S. The update will build on the January 25, 2023, Inferred Mineral Resource and results will support further technical studies and economic assessments. MTS has completed a site visit and is updating deposit models to incorporate new data, improved geologic domaining, geostatistics, and structural controls – leveraging insights from the Platreef district in South Africa. The work is being led by Mr. Timothy Kuhl (MTS) and Dr. Danie Grobler (Stillwater) who together previously worked with the late Dr. Harry Parker on the resource estimation and technical reports for Ivanhoe Mines' Platreef Mine.   We go on to discuss with Mike the challenges and opportunities in defining the large-scale polymetallic and critical mineral resources at Stillwater West; and why it has the attention of large major producers, like their strategic partner Glencore, along with attention from the US and Montana government. We discuss how the nickel, copper, and cobalt tie into the growing industry demands for battery metals, energy metals, and defense metals. Additionally, with platinum, palladium, rhodium, and gold all demonstrating strong recent market performance, Stillwater West offers significant leverage to these precious metals.     If you have any questions for Mike or the team at Stillwater Critical Minerals, then please email them into us at Fleck@kereport.com or Shad@kereport.com.   Click here to follow the latest news from Stillwater Critical Minerals   For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Arturo Préstamo Elizondo, Executive Chairman and CEO of Santacruz Silver Mining Ltd. (TSXV: SCZ) (OTCQB: SCZMF), joins me to focus on the growth strategy at the development-stage Soracaya Project, as well as the exploration upside and expansion potential around the Bolivar, Porco, and Zimapan Mines. Santacruz Silver operates 5 mines, 3 mills, and an ore feed-sourcing and metals trading business in Bolivia, along with 1 mine in Mexico, as an emerging mid-tier silver and base metals producer.   We kick things off with a review of the news out October 7th which announced the initiation of development activities and the pursuit of full production permitting at their wholly-owned Soracaya Project; located in the Potosí Department, Bolivia. These activities mark a key step toward advancing the Project to a production decision. With the preliminary mine plan in place and the permitting process underway, Soracaya is emerging as a cornerstone growth project for Santacruz Silver in Bolivia.   Soracaya is a high-grade, silver-rich project, featuring mineralization along reactivated faults with replacement and brecciated sulphides, geological characteristics typical of some of the world's most productive silver deposits. Since 1999, more than 29.6 km of drilling across 90+ holes has provided extensive geological data, supporting robust resource modeling and preliminary mine planning.     Additionally, Glencore already put in the decline to access the high-grade veins, so there are some distinct brownfield site infrastructure advantages already in place. An internal study was completed by Glencore with an estimated capex of ~US$40MM for construction of a processing plant and tailings facility. Mine plan today envisions a roughly 12-year mine life with the idea to process about 850-1000 tonnes per day of material through the proposed mill.  Arturo outlined that Soracaya's high-grade resource, strategic location in Potosí, and synergies with existing operations and the teams experience as underground miners give them confidence in its ability to deliver long-term value for shareholders and stakeholders alike.   We also discuss the permitting process, along with the regional Potosí District and mining history, as well as the national election and constructive political developments inside of Bolivia.   Their team is now currently increasing exploration and development work around the Bolivar and Porco Mines in Bolivia, to expand resources and extend mine life. Arturo reiterated their philosophy of constantly exploring at each mine to reinvest in the future growth of the company.   Transitioning over to Mexico, we discussed the higher-grade 960 Level at the Zimapan Mine starting to contribute, and how this well-endowed mineralized zone will continue growing in their Q4 production profile from Zimapan for the balance of this year and for many years into the future.   Arturo also highlighted that with the strength of the balance sheet, with the final 2 payments to Glencore completed in September, and robust incoming revenues at these higher underlying metals prices.   This gives them the optionality to review potential merger or acquisition assets if they are accretive and if their team can add value to those projects.     If you have any follow up questions for Arturo regarding Santacruz Silver, then please email them to me Shad@kereport.com.   In full disclosure, Shad is a shareholder of Santacruz Silver at the time of this recording, and may choose to buy or sell shares at any time.   Click here to follow the latest news from Santacruz Silver For more market commentary & interview summaries, subscribe to our Substacks: The KE Report: https://kereport.substack.com/ Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests may own shares in companies mentioned.  

Interview with Bart Jaworski, CEO of Group Eleven ResourcesOur previous interview: https://www.cruxinvestor.com/posts/group-eleven-resources-tsxvzng-pitch-perfect-october-2025-8200Recording date: 6th October 2025Group Eleven Resources has emerged as one of Ireland's most significant mineral explorers following the discovery of high-grade zinc-lead mineralization extending 2.6 km along a prospective 6 km trend. The Ballywire project delivers exceptional grades averaging 10% zinc-lead with 100 grams per ton silver, substantially exceeding the 6% global average for operating mines. This positions the company to capitalize on Ireland's reputation for producing clean, high-quality concentrates favored by major smelters worldwide.Recent drilling has identified significant copper mineralization beneath the zinc discovery, intercepting 6 meters grading nearly 4% copper and 1,000 g/t silver. This copper-silver horizon represents a strategic shift, exposing the project to the high-demand copper market where major mining companies actively seek new supply sources. The discovery places Ballywire within a historical copper belt hosting several prospects, two previously mined.With CAD $8.4 million secured through recent financing, Group Eleven has funded over 25,000 meters of drilling extending through 2027. The company operates three drill rigs year-round with plans to expand to four, benefiting from Ireland's exceptionally low drilling costs of $150 CAD per meter and year-round accessibility. The exploration strategy focuses on testing three remaining gravity anomalies and delineating copper-silver mineralization at depth.The project benefits from backing by Glencore and mining entrepreneur Michael Gentille, plus strategic proximity to Glencore's nearby 50-million-ton deposits. Ireland's government supports the sector through its EUR 30 million Irish Mining Fund, which provides equity investment alongside private capital.Learn more: https://www.cruxinvestor.com/companies/group-eleven-resources-corpSign up for Crux Investor: https://cruxinvestor.com

Nahost-Abkommen unterzeichnet / Demonstrationsverbot am Opernhaus / Koalitionsausschuss in Berlin beendet / EU-Rechnungshof rügt fehlerhafte Ausgaben / Regierung stützt Glencore mit Millionenhilfe / Kritik an Rückkehraktion aus Syrien / Chemie-Nobelpreis an Australier vergeben / Regierungschaos in Frankreich / Russland greift ukrainisches Kraftwerk an

Australian taxpayers will fund a $600 million rescue package so mining giant Glencore can keep its Mt Isa copper smelter running for the next three years.

Australian taxpayers will fund a $600 million rescue package for mining giant Glencore to keep copper processing facilities operational in North Queensland until the end of 2028.

Australian taxpayers will fund a multi-million dollar rescue package for mining giant Glencore to keep copper processing facilities operating in Queensland until the end of 2028. 

Government hands $600 million to Glencore to keep Mount Isa copper smelter open and save 600 jobs, BlueScope chief warns Australia’s competitiveness is slipping. Plus, New Zealand cuts interest rates to try boost its economy.See omnystudio.com/listener for privacy information.

Stephen Grootes speaks to Ferial Haffajee, Associate Editor, Daily Maverick and Dr Iraj Abedian, CEO of Pan-African Investments and Research Services, about the ruling party’s freshly announced economic recovery plan. The conversation unpacks what’s different this time around, whether the proposals address South Africa’s long-standing growth and unemployment challenges, and how realistic the measures are in the current political and fiscal climate. In other interviews, Andre Nepgen, Head of Discovery Green, talks about a landmark agreement between Discovery Green and Glencore. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702702 on TikTok: https://www.tiktok.com/@talkradio702702 on Instagram: https://www.instagram.com/talkradio702/702 on X: https://x.com/CapeTalk702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalkCapeTalk on TikTok: https://www.tiktok.com/@capetalkCapeTalk on Instagram: https://www.instagram.com/CapeTalk on X: https://x.com/Radio702CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Andre Nepgen, hoof van Discovery Green, en Theo Vorster, medestigter van Galileo Capital, bespreek Discovery Green en Glencore se ooreenkoms. Volg RSG Geldsake op Twitter

Recours collectif contre Glencore. L’Union des consommateurs réclame un régime universel de médicaments. La rencontre Maréchal-Dumont avec Isabelle Maréchal et Mario Dumont. Regardez aussi cette discussion en vidéo via https://www.qub.ca/videos ou en vous abonnant à QUB télé : https://www.tvaplus.ca/qub ou sur la chaîne YouTube QUB https://www.youtube.com/@qub_radioPour de l'information concernant l'utilisation de vos données personnelles - https://omnystudio.com/policies/listener/fr

L'affaire Glencore met en cause des pots-de-vin estimés à 11 millions de dollars – environ 7 milliards de FCFA – versés à des responsables de la SNH et de la Sonara pour obtenir des cargaisons de pétrole brut à prix préférentiel entre 2011 et 2018. Alors que le procès s'ouvrira devant la justice britannique en juin 2027, les répercussions se font déjà sentir au Cameroun.  Une perte d'attractivité économique et une production de pétrole en repli. L'affaire Glencore, emblématique dossier de corruption, a joué un rôle non négligeable, notamment pour l'image du pays. Selon l'économiste Serge Godong, professeur à l'université de Yaoundé 2, il a aggravé la situation et les problèmes de gouvernance. Il explique : « Il faut inscrire l'affaire Glencore dans la dynamique institutionnelle générale du pays, qui est en recul. C'est une perte de compétitivité, mais surtout une perte de réputation en matière de gouvernance. Le Cameroun apparaît aujourd'hui aux alentours du 28e rang africain des pays attractifs pour les investissements directs étrangers. Ce n'est pas honorable pour un pays qui prétend être la locomotive économique de l'Afrique centrale. » Une enquête camerounaise ? Sur le plan judiciaire, deux ans se sont écoulés depuis que le président Paul Biya a autorisé la SNH à déposer une plainte devant le Tribunal criminel spécial, afin qu'une enquête soit ouverte. Mais depuis, aucune information n'a été communiquée. L'avocat Henri Njoh Manga Bell, président de Transparency International Cameroon, s'interroge : « Des aveux de Glencore, il ressort que de hautes personnalités ont été corrompues. Il est donc possible que certaines d'entre elles soient encore en fonction et qu'elles freinent toute tentative de faire la lumière. On a l'impression que la justice camerounaise attend l'ouverture du procès en Angleterre pour se décider, puisqu'elle n'a en réalité jamais lancé d'enquête ici. » L'ampleur des pertes encore floue Selon les éléments déjà connus, Glencore aurait racheté le pétrole camerounais environ 30% en dessous du prix du marché en échange des pots-de-vin. Les pertes sont donc considérables, mais difficilement chiffrables. « Tant qu'aucune enquête n'a été ouverte à Yaoundé, il sera impossible d'évaluer précisément ce qui a été spolié, précise Alain Nkoyock, universitaire spécialiste de la gouvernance, tous les chiffres avancés aujourd'hui ne sont qu'approximatifs. » Le Cameroun pourrait récupérer cet argent, mais cela demande énormément de temps et de volonté politique, estime Alain Nkoyock : « Il faut un engagement politique fort, sans ambiguïté, pour poursuivre les responsables locaux impliqués. La deuxième chose, c'est une coopération internationale proactive, basée sur la transparence et la pression de la société civile. Le Nigeria a pu le faire justement parce qu'il y avait un autre gouvernement à l'époque qui était au pouvoir et qui l'avait mis vraiment tout son poids pour que cela soit fait. Et enfin, il faut inscrire le recouvrement des avoirs volés au Cameroun dans une stratégie nationale claire avec un bureau spécialisé. » À la fin du mois d'août, l'administration fiscale camerounaise a malgré tout notifié à Glencore une dette de près de 11 000 milliards de FCFA, soit un peu moins de 20 millions de dollars, correspondant à des droits et taxes détournés.

Interview with Dustin Perry, CEO of Kingfisher Metals Our previous interview: https://www.cruxinvestor.com/posts/gold-navigating-the-investment-opportunities-and-understanding-the-risks-5527Recording date: 24th September 2025Kingfisher Metals has positioned itself as a dominant force in British Columbia's Golden Triangle, assembling the largest contiguous land package among junior explorers at 850 square kilometers. Under CEO Dustin Perry's leadership, the company operates in Canada's most prolific copper-gold region, home to the highest-grade gold mine at Brucejack and the world's largest undeveloped gold deposit at KSM.Recent exploration success validates the company's systematic approach. The 2025 program delivered 234 meters grading 1% copper equivalent and identified a new porphyry system at Hank target. Perry describes this discovery as having "all the early stage indications that we're on to a very large deposit." The breakthrough resulted from methodical target generation by a team with proven experience at KSM, Red Chris, and the successful GT Gold project.Strategic advantages differentiate Kingfisher from regional competitors. Properties sit just 12 kilometers from highway infrastructure with favorable topography, lower elevation, and reduced environmental complications. Perry notes the location benefits: "You don't need to find something that good to make it very economical where we are given the location." The company avoids salmon river conflicts that plague other regional projects while maintaining proximity to power infrastructure.Financial backing strengthens the exploration runway through a $11 million financing completed in May 2025. Ashwath Mehra, founding partner of Glencore and former GT Gold executive chairman, leads the advisory board while institutional investors provide patient capital for multi-year programs.The investment thesis centers on statistical probability across extensive prospective terrain surrounded by major operators Teck, Anglo American, and Newmont. Recent $750 million commitments to adjacent Galore Creek and Schaft Creek projects, located further from infrastructure, create acquisition potential for infrastructure-advantaged discoveries. Perry's long-term vision follows the GT Gold model, targeting systematic exploration leading to discovery and ultimate major company acquisition within three years.Learn more: https://www.cruxinvestor.com/companies/kingfisher-metalsSign up for Crux Investor: https://cruxinvestor.com

From the wilds of Idaho, mining analyst Peter Major joins Alec Hogg to unpack the week's big mining stories. With Botswana and Angola eyeing stakes in De Beers, Anglo American suddenly has options it never expected. Glencore is pulling back from the Congo as cobalt prices tumble, while silver edges back into the spotlight — even if South Africa has little of it to mine. Plus, Peter explains why Orion and Core Potash could be the quiet winners for patient investors.

This week: With the global race to secure sustainable critical mineral supply chains intensifying, financing remains one of the sector's toughest hurdles. ING's Tim van Pelt talks with Innovation Forum's Ian Welsh to unpack where the gaps lie in funding critical mineral projects and how companies can navigate the challenges to unlock capital.   Plus: Innovation Forum's Emilia Colman highlights key emerging themes ahead of the Critical Minerals Innovation Forum in London this November from supply chain transparency and ESG pressures to shifting corporate strategies as demand accelerates.   Host: Ian Welsh   Click here for the recording of the recent streamlining standards webinar with ICMM and ZF Group, organised in the lead up to the Critical Minerals Innovation Forum on 5th-6th November. Join Anglo American, ICMM, Glencore, BHP, Vale Base Metals, Airbus, BASF, LG Energy Solutions, Ørsted, Standard Chartered Bank, and many more. Click here for more information on how to register, or contact emilia.colman@innovationforum.co.uk.

Fresh from China, veteran mining analyst Peter Major joins Alec Hogg to unpack what he saw on the ground - from jaw-dropping infrastructure to a mining industry firing on all cylinders. He warns that while gold rockets to record highs, South Africa's own mining sector is shackled by policy failure and a broken cadastral system. Plus, we look at Anglo's global battles, Orion's Glencore breakthrough, and why smart investors should keep an eye on copper.

À 45 ans, Cabral Libii est l'un des candidats les plus jeunes à la présidentielle du 12 octobre au Cameroun. Mais ce n'est pas un néophyte. Il y a sept ans, à la précédente élection, il était arrivé troisième. Et aujourd'hui, pour lutter contre la fraude électorale, il appelle tous les électeurs à surveiller leur bureau de vote le jour du scrutin, comme au Sénégal il y a 18 mois. Que pense-t-il de l'initiative en faveur d'Issa Tchiroma, désigné par certains comme le « candidat consensuel de l'opposition » ? De passage à Paris, le chef du Parti Camerounais pour la Réconciliation nationale (PCRN), répond aux questions de Christophe Boisbouvier. RFI : Si vous êtes élu, quelles seront vos deux priorités ? Cabral Libii : Celle sans doute par laquelle je commencerai, c'est le recouvrement des 11,7 milliards que Glencore, qui a spolié le pétrole camerounais pendant dix ans, a accepté de payer. Le recouvrement est bloqué maintenant par la corruption de quelques agents publics qui empêchent le recouvrement de cet argent dont le peuple a besoin justement pour résoudre les urgences. Et ces urgences, elles sont de quatre ordres. Nous avons déjà annoncé qu'une fois élus, nous donnerions deux milliards de francs CFA à chaque commune du Cameroun pour régler les urgences, les infrastructures notamment routières, en permettant aux communes d'acquérir des engins pour le faire, les urgences hospitalières pour relever le plateau technique des hôpitaux dans les communes, les urgences numériques et scolaires, puis les urgences alimentaires. Face au président sortant Paul Biya et à la machine électorale de son parti RDPC, est-ce que vous ne partez pas battu ? Absolument pas. Cette fameuse machine n'est pas redoutable par son projet, son efficacité et ses résultats. Elle est redoutable par la fraude électorale qui s'est sophistiquée d'année en année. Il y a quelques jours, nous avons rendu publique et c'est encore visible sur notre site internet www.cabral2025.com, nous avons démontré qu'il y a une réserve de deux millions de voix qui a été fabriquée par des manipulations algorithmiques. Des voix fictives ? Des voix fictives par des manipulations numériques. Et pour contrecarrer cela, il y a une seule solution : engager la responsabilité individuelle des électeurs. Ce que le Sénégal nous a donné comme enseignement, c'est que c'est la responsabilité individuelle de l'électeur qui fait tomber de vieux régimes. Il faut que chacun fasse sa part. Faire sa part, c'est être dans le bureau de vote le jour de l'élection, voter et surtout que les uns et les autres se rendent disponibles bénévolement pour surveiller le vote. Parce que si on n'est pas dans les bureaux de vote, ils vont travestir le résultat des urnes. Samedi dernier, l'ancien ministre Issa Tchiroma Bakary a été désigné « candidat consensuel de l'opposition » par un regroupement de partis dénommé Union pour le changement. Qu'est-ce que vous pensez de cette démarche ? Rien du tout. Pour nous, c'est un non-événement. Le mot consensus est un mot français qui signifie accord de volonté. Donc, vous et moi, dans ce studio, on peut faire consensus sur ce que nous voulons, mais encore faut-il que cela ait un impact réel. Ce que moi je sais, c'est que le projet que je porte fait consensus. Voilà le type de consensus que nous avons appelé « la vague orange », que nous avons soulevé au grand meeting de Kribi et qui a déferlé. Vous savez, nous sommes douze candidats. Je fais partie des cadets et l'une des choses que nous entendons constamment, c'est que : « Oui, vous les cadets, vous devez vous aligner derrière les aînés ». Nous leur disons d'accord, que les trois septuagénaires qui viennent juste après le nonagénaire s'entendent déjà, se coalisent déjà entre eux et puis nous aviserons. Ce d'autant que deux de ces septuagénaires sont issus pratiquement du même village, tout au moins du même département, celui de la Bénoué. À écouter aussi[Vos réactions] Présidentielle au Cameroun : quelle image vous renvoie l'opposition ? Vous pensez à Tchiroma et à Bello ? Absolument. Alors justement... Ils n'ont pas que ça en partage. Alors justement, cet appel que vous avez lancé aux trois septuagénaires, c'est-à-dire à Akere Mouna, Bello Bouba et Issa Tchiroma, ça n'a pas du tout plu à Issa Tchiroma, qui y a vu une façon de votre part de vouloir le mettre à la retraite. Il vous appelle à plus de respect, à plus d'humilité... Peut-on faire montre de plus d'humilité que de solliciter des aînés ? Qu'ils s'entendent déjà. C'est du respect. Tout ce que nous leur demandons, c'est que vous avez beaucoup de choses en partage. Certains d'entre eux ont servi le régime pendant 30 ans, d'autres durant 25 ans, puis ils décident à deux mois de l'élection présidentielle de se lancer. Ce n'est pas tout le temps que l'on voit des gens qui ont aussi servilement servi un régime se décider de le faire tomber deux mois avant une élection présidentielle. Et nous leur disons qu'il n'y a pas de soucis. Le peuple vous regarde parfois avec un regard suspicieux parce que ce n'est pas la première fois que vous allez de gauche à droite et que vous justifiez à chaque fois vos allées et venues. L'électeur camerounais, nous lui faisons confiance, est très lucide sur ce point. Mais vous le savez bien que Bello et Tchiroma, leur fief, c'est le nord et que le nord, ça compte un tiers des voix. Vous allez perdre des voix nécessairement, non, par rapport à 2018 où Bello et Tchiroma n'étaient pas candidats ? Écoutez, je sors de ce nord-là. Vous avez vu les milliers et les centaines de milliers de personnes qui sont venues à ma rencontre. Ces personnes-là ne suivent pas un nordiste. Ces gens-là m'ont dit : « Monsieur Libii, vous avez toujours été à nos côtés et à nos yeux, ce n'est pas parce que vous êtes né plus loin au sud que nous ne croyons pas en vous et pour nous, vous incarnez notre espérance et notre espoir ». Moi, je ne suis pas un ancien ministre avec de l'argent gardé ici ou là. Moi, je ne suis pas du vieux système où ils achètent des consciences et des voix, où ils payent des gens pour les réunir. Je suis donc conscient qu'il y a des gens qui sont candidats pour gagner le nord, mais moi, je suis candidat pour gagner l'élection nationale. À lire aussiÉlections au Cameroun: pour battre Paul Biya, «il faudra un raz-de-marée» de l'opposition, martèle Issa Tchiroma Bakary

Motheo Khoaripe speaks to Donald MacKay, Director at XA Global Trade Advisors, about Glencore's upcoming meeting with South African Electricity Minister Kgosientsho Ramokgopa. The meeting, scheduled for Friday, aims to address the challenges facing the country's ferrochrome industry, which is grappling with high energy costs and operational shutdowns. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Dans cet épisode, nous nous intéressons aux raisons de la condamnation tardive du régime d'apartheid sud-africain par la Suisse. L'historienne Sandra Bott est allée aux sources des relations économiques entre les deux Etats pour comprendre comment, au cours de la Guerre froide, la Suisse a maintenu des liens financiers et commerciaux étroits avec Pretoria, malgré sa posture officielle de neutralité. Circuits de l'or, rôle ambigu de la Banque Nationale Suisse, crédits massifs et activités opaques de sociétés comme Glencore témoignent d'une diplomatie économique parfois complice. Aujourd'hui encore, la mémoire de ces relations reste sensible et son héritage pèse encore sur le système financier suisse. Sandra Bott répond aux questions de David Glaser.

Interview with Arturo Préstamo Elizondo, Executive Chairman & CEO of Santacruz Silver Mining Ltd.Our previous interview: https://www.cruxinvestor.com/posts/santacruz-silver-tsxvscz-q1-revenue-hits-70m-as-turnaround-plan-delivers-results-7297Recording date: 11th September 2025Santacruz Silver Mining represents a compelling investment opportunity for investors seeking exposure to a financially disciplined silver producer with strong fundamentals and clear growth catalysts. The company has successfully completed a strategic financial restructuring that positions it as one of the cleanest balance sheet stories in the precious metals sector.The company's financial transformation is remarkable. Santacruz has completely eliminated its acquisition-related debt obligations, paying off the final $15 million of its Glencore asset acquisition ahead of schedule while securing an additional $40 million in savings through an acceleration clause execution. This achievement has resulted in a pristine balance sheet with no streaming agreements, no royalties, and minimal debt beyond a strategically structured $20 million promissory note in Bolivia that carries a negative implied interest rate.Operationally, Santacruz demonstrates impressive resilience and diversification through its portfolio of four producing mines and one ore sourcing company spanning Mexico and Bolivia. The company generates over 7 million ounces of pure silver annually alongside significant zinc credits, with management projecting $90-120 million in annual free cash flow. This operational strength was evidenced when recent flooding at two Bolivian veins was immediately offset by San Lucas trading operations, which sourced replacement ore from third-party miners to maintain full mill capacity utilization.The investment thesis is strengthened by favorable currency dynamics in Bolivia, where 80-85% of operational costs are denominated in Bolivianos. The recent devaluation of the Boliviano creates ongoing cost advantages that directly improve all-in sustained cash costs and enhance profit margins, particularly beneficial in the current rising silver price environment.Santacruz's primary growth catalyst centers on the advanced Soracaya brownfield project, which management characterizes as "advanced organic growth." This asset features existing 43-101 resource reporting and previous development work by Glencore, with full permitting expected within 7-10 months. Once operational, Soracaya will contribute an additional 4 million ounces of annual silver production - representing approximately a 60% increase in output - funded entirely through internal cash generation without equity dilution.The company's resource base offers exceptional longevity and expansion potential. Current reserves and resources provide approximately 12 years of mine life in Bolivia alone, supported by vein systems that allow for both deeper development and strike length extension. Notably, the Porco mine represents the longest continuously producing mine in the Americas with 500 years of non-stop operation, while other assets have maintained production for over 200 years, demonstrating the sustainability of these geological systems.From a valuation perspective, Santacruz appears attractively positioned with an enterprise value approximately six to seven times projected EBITDA of $110-120 million, trading at a discount to many precious metals peers. This valuation gap, combined with the company's strong cash generation capabilities and strategic flexibility for acquisitive growth, presents multiple pathways for value creation.The macro environment further supports the investment case, as silver benefits from dual demand drivers spanning both industrial applications and monetary hedge demand. Industrial consumption continues expanding through renewable energy infrastructure and electronics manufacturing, while supply constraints from primary silver operations create additional price support.For investors seeking exposure to a well-managed silver producer with proven operational capabilities, clean financials, and clear growth visibility, Santacruz Silver offers a compelling risk-adjusted opportunity in the current precious metals landscape.View Santacruz Silver Mining's company mining: https://www.cruxinvestor.com/companies/santacruz-silver-miningSign up for Crux Investor: https://cruxinvestor.com

Au Cameroun, c'est dans un mois, le 12 octobre, que les douze candidats s'affronteront dans les urnes pour briguer la présidence de la République. Onze candidats de l'opposition vont donc défier le président sortant Paul Biya, mais il n'y aura qu'un seul tour. Du coup, le candidat Akere Muna propose à ses partenaires de l'opposition de créer un collectif pour trouver un candidat consensuel. Et il s'adresse plus particulièrement à Maurice Kamto, l'opposant dont la candidature a été rejetée. Pourquoi ce choix ? En ligne de Yaoundé, maître Muna répond aux questions de Christophe Boisbouvier. RFI : Il y a trois semaines, vous avez défrayé la chronique en demandant au Conseil constitutionnel de déclarer Paul Biya inéligible à cause de sa supposée dépendance physique et cognitive. Mais vous avez été débouté. Est-ce que vous n'êtes pas déçu par cet échec ? Akere Muna : Non, pas du tout parce que tous ceux qui pensent qu'à 92 ans et après 42 ans d'exercice, on est, n'est-ce pas, aussi frais que quelqu'un de 49 ans, mais tant pis, je pense qu'on a pu démontrer au monde entier la situation qui prévaut au Cameroun. Tout le monde l'a vu, le président, dans ses sorties. Nous avons fourni des vidéos qui montrent le président à Washington. Il ne sait pas où il est, il ne sait pas ce qu'il doit faire. On doit tout lui dire. Et puis on l'a montré complètement embrouillé devant Mo Ibrahim. Et puis on l'a montré, il y a beaucoup d'incidents. Sa femme qui lui demande de lever la main pour saluer, on lui rappelle ce qu'il faut faire. On a même montré un rapport fait par des experts américains sur ce que l'on doit attendre d'un monsieur de 92 ans. C'est un rapport de douze pages quand même. On est devant le destin de 30 millions de Camerounais. Le Cameroun est dans un gouffre financier et moral, difficile à digérer. Vous êtes originaire du nord-ouest du Cameroun. Vous avez été bâtonnier des avocats du Cameroun. Vous êtes l'une des grandes figures de l'ONG Transparency International. Si vous êtes élu, quelles seront vos deux priorités ? La lutte contre la corruption et la crise du nord-ouest et du sud-ouest. Parlant de la lutte contre la corruption, je vous dis que moi président de la République, dans les cinq jours, je ferai sortir des caisses de Glencore [une société minière, NLDR] 800 milliards. Je ferai payer par Glencore à l'État du Cameroun 800 milliards de francs CFA. C'est le résultant de ventes de pétrole à un prix décoté, le résultant de trafics de toutes sortes, de la corruption reconnue par Glencore lui-même. Et dites-vous bien, personne n'est poursuivi. Donc ça, ce serait votre première priorité ? Oui, la première. La seconde, c'est la crise du nord-ouest et du sud-ouest car je connais les racines de ce problème. Moi, originaire du nord-ouest, je connais le problème. Vous êtes onze candidats face à Paul Biya. Mais il n'y a qu'un seul tour. À un mois du scrutin, est-ce que vous croyez encore à la possibilité d'un candidat consensuel de l'opposition ? Je crois que les onze candidats savent qu'il faut donner l'espoir aux Camerounais. Et sur cette base-là, je pense qu'il y a toujours une solution. Moi, j'y travaille et je pense qu'un candidat consensuel, ça peut être deux ou trois ou quatre, mais je pense qu'au final, il faudra attendre que la campagne officielle commence, donc le 27 septembre, pour voir ce qu'il va se passer. Je pense que l'on peut être optimiste du fait que l'on va trouver des candidats qui pourront… Parce qu'en fait, ces élections, c'est un référendum sur pour Biya ou contre Biya. C'est aussi simple que ça. À lire aussiPrésidentielle au Cameroun: le parti au pouvoir présente «l'armée» de Paul Biya pour la campagne En 2018, le principal challenger de Paul Biya était Maurice Kamto, mais aujourd'hui, il est déclaré inéligible. Quel rôle peut-il jouer dans la recherche d'un candidat consensuel de l'opposition ? Je pense qu'il peut être vraiment la personne qui demande à tous les candidats : « Mettons-nous ensemble et sortons un candidat qui va mener le lot », pour la simple raison que lui, il sera quelqu'un de désintéressé puisqu'il n'est pas candidat. Donc ce rôle-là, il peut le jouer. Il peut proposer une réunion à vous tous, les onze candidats, pour que vous vous mettiez d'accord, c'est ça qu'il pourrait faire ? Oui mais voilà, comme je dis souvent, le problème de ce côté du monde, c'est ce qu'il y a beaucoup de chefs, mais pas assez d'Indiens. Donc peut-être que lors d'une séance comme ça, il faudrait quand même faire un gouvernement, je n'en sais rien, mais je pense qu'il a… Lors d'une séance comme ça, il faudrait quoi dites-vous ? Il faudrait peut-être penser à déjà faire un « shadow government ». Un gouvernement fantôme… Oui. À écouter aussiCameroun: «Après l'échec des hommes, il faut que les femmes prennent le pouvoir» Pour un candidat consensuel de l'opposition, est-ce que vous seriez prêt à renoncer à votre candidature et à vous rallier à un autre candidat ? Mais cette question trouve sa réponse en 2018. Je l'ai déjà fait. Pour Maurice Kamto… Ça c'est vrai, je l'ai déjà fait. Avec une seule différence que maintenant, je fais dans le cadre d'un collectif. On est tous ensemble, voilà la direction qu'on va prendre. Et dans ce cadre-là, je pense que c'est plus facile de le faire. Et pour quel candidat vous pourriez vous désister ? Mais je vous dis que ça sortirait d'un collectif, donc je ne peux pas maintenant commencer à dire tel ou tel autre. Mais pour l'instant, ce collectif, on ne le voit pas… Peut-être qu'on ne le voit pas. Mais le fait que vous n'entendez pas la radio ne veut pas dire qu'elle n'émet pas. Il y a des signes annonciateurs d'un tel collectif ou pas ? Moi j'en vois. Et le secret pour l'efficacité de cette stratégie, c'est la discrétion. Vous conviendrez avec moi. Donc pour l'instant, vous ne pouvez pas en parler sur l'antenne ? Voilà. À lire aussiCameroun: l'opposition partagée sur la désignation d'un candidat consensuel à la présidentielle

Anglo and Teck join forces to form a copper giant, creating Anglo Teck plc as a formidable defence against BHP and Glencore.

In today's BizNews Briefing, tributes continue to pour in for Neil de Beer, while intrigue between Pretoria and Washington deepens with allegations of influence campaigns involving South Africans abroad. We cover the bizarre battle over the body of Zambia's late president, weigh gold's record-breaking rally against diamonds dragging Botswana's economy, and unpack Shoprite's robust results alongside Glencore's ferrochrome retreat. Plus, all eyes turn to Eden Park as the Springboks prepare for their biggest clash since the Rugby World Cup final.

Arturo Préstamo Elizondo, Executive Chairman and CEO of Santacruz Silver Mining Ltd. (TSXV: SCZ) (OTCQB: SCZMF), joins me to recap the key record Q2 2025 financial results along with a comprehensive review of all operations.  Santacruz Silver operates 1 mine in Mexico, and 5 mines, 3 mills, and an ore feed-sourcing and metals trading business in Bolivia, as an emerging mid-tier silver and base metals producer.     Q2  2025 Highlights   Revenues of $73.3 million, a 4% increase year-over-year. Gross Profit of $25.3 million, a 59% increase year-over-year. Net Income of $21.0 million, a 1,348% increase year-over-year. Adjusted EBITDA of $26.8 million, a 68% increase year-over-year. Cash and short- and long-term investments of $57.8 million, a 691% increase year-over-year. Working Capital of $60.3 million, a 303% increase year-over-year. Cash cost per silver equivalent ounce sold ($/oz) of $19.48, a 10% decrease year-over-year. AISC per silver equivalent ounce sold of $22.95, a 8% decrease year-over-year. Silver Equivalent Ounces produced of 3,547,054, a 15% decrease year-over-year1.     Q2 2025 Production Highlights: Silver Equivalent Production: 3,547,054 silver equivalent ounces Silver Production: 1,423,081 ounces Zinc Production: 21,148 tonnes Lead Production: 2,773 tonnes Copper Production: 229 tonnes   Arturo discussed the very strong revenues, gross profit, net income, adjusted EBITDA, cash and cash equivalents,  and working capital all up substantially in year-over-year metrics. In addition their cash costs and All-In Sustaining Costs (AISC) numbers came down in a meaningful way due to a combination of factors from mine optimization work paying off, to favorable currency exchange rates, and the positive impact of paying down the Glencore loan early, which will save the Company US$40 million. The Company plans to successfully complete the final 2 payments to Glencore by October 31, 2025, and will likely pay off both installments in the month of September.  The company also announced a sale of 70 million Bolivian Bolivianos Promissory Note at 7.00% interest rate, a maturity date of June 15, 2026, just to give them treasury efficiencies for working capital in country.   Switching over to the operations for the quarter, there was better revenues from their San Lucas ore-feeding business, which is now absorbing the Reserva Mine ore to then blend it with ore from the small-scale miners.   This leaves the ore from both the Tres Amigos and Colquechaquita mines to report to Caballo Blanco, making all operations much more efficient with better metals recoveries.   The San Lucas production and revenues largely offset the lagging effects in the quarter from the water issues at Bolivar, which have now been mostly resolved, and those high-grade veins will be a bigger contributor to production again for H2 of 2025.   Transitioning over to Mexico, we discussed the higher-grade 960 Level at the Zimapan Mine starting to contribute, and how this will continue growing in the Q3 and Q4 production profile from Zimapan for the balance of this year and for many years into the future.   Arturo also highlighted that with the strength of the balance sheet, the coming elimination of the Glencore debt, and robust incoming revenues, that the Company is now currently ramping up more exploration and development work at their Soracaya Project, to put it on the pathway to primary silver production about a year and a half out. An internal study was completed by Glencore with an estimated capex of ~US$40MM for construction of a processing plant and tailings facility. Mine plan envisions a 7 year mine life with average annual payable production of ~4.5MM oz AgEq (based on consensus prices). Development is subject to permitting.     If you have any follow up questions for Arturo regarding Santacruz Silver, then please email them to me Shad@kereport.com.   In full disclosure, Shad is a shareholder of Santacruz Silver at the time of this recording, and may choose to buy or sell shares at any time.   Click here to follow the latest news from Santacruz Silver

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Esto es El Brieff, tu resumen conciso de las noticias clave. En México, la controversia por el viaje de AMLO Beltrán a Japón y la postura de Sheinbaum marcan la semana, junto a nuevas inversiones de Blackstone y el impulso a la IA con AWS. EE. UU. sanciona al Cártel del Noreste, incluyendo a "El Makabelico". Trump genera revuelo con aranceles a India y chips, además de planes de reunirse con Putin y Zelensky. China usa IA para influir en Hong Kong y Taiwán. Uber enfrenta denuncias de agresión sexual, mientras Apple anuncia una gran inversión. Bayer recorta empleos, Glencore se queda en Londres, y Disney y NFL cierran un acuerdo millonario. Italia aprueba el ambicioso puente a Sicilia. Recibe gratis nuestro newsletter con las noticias más importantes del día.Si te interesa una mención en El Brieff, escríbenos a arturo@brieffy.com Hosted on Acast. See acast.com/privacy for more information.

APAC stocks traded somewhat mixed following the subdued handover from Wall St post-ISM services.European equity futures indicate a positive cash market open with Euro Stoxx 50 future up 0.3% after the cash market closed with gains of 0.1%.DXY is flat, EUR/USD remains on a 1.15 handle and capped by its 200DMA, and antipodeans marginally lead.RBI kept the Repurchase Rate unchanged at 5.50%, as expected, and maintained a neutral stance.Looking ahead, highlights include German Industrial Orders (Jun), EZ Construction PMIs (Jul), EZ Retail Sales (Jun), Italian Industrial Output, Fed's Collins, Cook and Daly, Supply from Germany & US.Earnings from Airbnb, Lyft, Uber, Shopify, Walt Disney, McDonald's, Novo Nordisk, Siemens Energy, Commerzbank, Bayer, Fresenius, Beiersdorf, ABN AMRO & Glencore.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

 Interview with Trent Mell, CEO of Electra Battery Materials Corp.Our previous interview: https://www.cruxinvestor.com/posts/electra-battery-materials-tsxvelbm-ready-to-complete-build-4676Recording date: 22nd July 2025Electra Battery Metals is positioning itself at the forefront of North America's critical mineral security strategy by developing the continent's first cobalt refinery specifically targeting the battery market. The Canadian company's hydrometallurgical facility, located north of Toronto, represents a strategic solution to Western dependence on Chinese mineral processing capabilities.The company's business model centers on a stable tolling arrangement rather than commodity speculation. Through a five-year contract with LG Energy Solution, Electra will process cobalt hydroxide sourced from the Democratic Republic of Congo via partnerships with major mining companies Glencore and ERG. This material, which would otherwise flow to Chinese refineries, will be redirected and processed into battery-grade cobalt sulfate in North America."We've locked in a five-year supply contract with LG on a tolling basis, which provides us the margin that ensures we never go out of business," explained CEO Trent Mell. The arrangement targets approximately $30 million USD in annual EBITDA once the facility reaches full capacity of 6,500 tons, equivalent to supplying roughly one million electric vehicles annually.The project has attracted significant cross-border government support, with $20 million from the U.S. Department of Defense through the Defense Production Act and $20 million CAD from the Canadian government. This backing reflects the strategic importance of onshoring critical mineral supply chains amid growing national security concerns.Beyond the core refinery business, Electra is developing battery recycling capabilities through a joint venture with indigenous partner Aki, targeting black mass processing from battery manufacturers. The company's approach prioritizes predictable cash flows over market volatility, positioning it as a utility-like investment rather than a traditional volatile mining stock.With zero cobalt production currently existing in North America for batteries, Electra's first-mover advantage addresses a critical supply chain gap while supporting both civilian EV adoption and defense applications.View Electra Battery Metals' company proflle: https://www.cruxinvestor.com/companies/electra-battery-metalsSign up for Crux Investor: https://cruxinvestor.com 

In this episode, we chat to Grant Sboros, CEO of Euro Sun Mining, a publicly listed development-stage mining company focused on unlocking value through the responsible development of the Rovina Valley Project, one of Europe's largest gold-copper projects. Grant is a chartered accountant by background has extensive mining experience in Africa in both operations and finance. Working for the likes of Deloitte and Glencore, he has been at the helm of Euro Sun since 2022 and talks to us about the company, the challenges facing companies going from exploration to development, mining in the EU, and their outlook and financing in the industry. KEY TAKEAWAYS The Rovina Valley project is one of Europe's largest gold-copper deposits, with a significant resource of 10.4 million ounces of gold equivalent.  Euro Sun Mining has secured a $200 million financing deal with Trafigura, which is crucial for the project's construction phase. This financing is structured to minimise shareholder dilution The new Romanian government appears to be pro-mining, which could facilitate the permitting process for the Rovina Valley project.  Over the next 6 to 12 months, Euro Sun Mining aims to finalise financing agreements, push for legislative progress, and submit the environmental impact assessment.  BEST MOMENTS "It is the second largest deposit of gold in Europe. It's a world-class asset, and we need to get it into production."  "The money that we've raised is critical for the business needs, and the majority of the funds are earmarked to get into construction."  "Once you've got the strategic status, it will somewhat undo the arduous processes of complicated permitting."  "The CRMA provides that framework for us to make sure that we can get there, and there are time limits imposed to ensure things get done." VALUABLE RESOURCES Mail:        rob@mining-international.org LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/ X:              https://twitter.com/MiningRobTyson YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast  Web:        http://www.mining-international.org GUEST SOCIALS  https://www.eurosunmining.com/ https://www.facebook.com/EuroSunMining/ https://www.linkedin.com/company/euro-sun-mining/ https://www.youtube.com/watch?v=tLxIKFlOULs https://x.com/EuroSunMining CONTACT METHOD rob@mining-international.org https://www.linkedin.com/in/rob-tyson-3a26a68/ Podcast Description Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people's experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.  This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/

Aktien hören ist gut. Aktien kaufen ist besser. Bei unserem Partner Scalable Capital geht's unbegrenzt per Trading-Flatrate oder regelmäßig per Sparplan. Alle weiteren Infos gibt's hier: scalable.capital/oaws. Aktien + Whatsapp = Hier anmelden. Lieber als Newsletter? Geht auch. Das Buch zum Podcast? Jetzt lesen. Trump verhängt 30% Zoll für EU & Mexiko. Bitcoin feiert trotzdem Rekordhoch. Kratos, Red Cat + AeroVironment fliegen durch die Decke. Glencore macht Kupfer-Trade des Jahres, KI-Entwickler bleiben reich, BASF leidet und JPMorgan will Geld von PayPal, Affirm & Block. Vergesst KI, Quantencomputer oder Robotaxis. Dosenbier ist der heiße Scheiß. Ardagh (WKN: A3CV86) verdient mit. JPMorgan (WKN: 850628) ist nicht nur die wertvollste Bank der Welt. Sondern vielleicht auch einer der größten KI-Profiteure. Diesen Podcast vom 14.07.2025, 3:00 Uhr stellt dir die Podstars GmbH (Noah Leidinger) zur Verfügung.

Het rommelt achter de schermen bij de Amerikaanse centrale bank. Er is onenigheid over het rentebeleid. De centrale bankiers zijn het eens: er komt een verlaging. Maar de een vindt dat het deze maand moet, de ander in september, en een deel zelfs pas volgend jaar.Ondertussen blijft president Trump druk uitoefenen op de Fed-baas, Jerome Powell. De rente moet omlaag, vindt Trump. En hij geeft Powell naast 'idioot' en 'traag' nu ook een nieuwe bijnaam. Over die bijnaam hebben we het deze aflevering niet, wél wat deze onduidelijkheid en onzekerheid betekent voor de beurs. En dus voor jouw aandelen. Hebben we het ook over TSMC. De chipmaker doet het beter dan verwacht en zegt (nog steeds) te profiteren van de vraag naar AI-chips. Er is weer sprake van chup-euforie, want gister ging chipbedrijf Nvidia door de magische grens van 4000 miljard dollar. Wij kijken wat dit alles betekent voor de cijfers van ASML. Gaan zij dan volgende week ook stunten?Over ASML gesproken. We hebben het ook over een oud-werknemers die geheimen heeft gestolen bij de chipmachinemaker uit Veldhoven. Spoiler: het loopt niet zo goed voor hem af.Ook deze aflevering: Beleggers lachen om Trumps koper-tarieven. OpenAI opent de aanval op Google. Alweer. De grootste suikerproducten van Europa zit in de problemen. Zorgt de Nederlandse pensioensector voor een schokgolf? Boze aandeelhouders Tesla dwingen vergadering af. Hittegolf Europa laat het BBP van landen wegsmelten... See omnystudio.com/listener for privacy information.

The U.S. has been policing bribery all over the world for nearly half a century using a law called the Foreign Corrupt Practices Act. But now, President Trump has said that this anti-corruption law is crippling American businesses. Since taking office, his administration has reduced the number of investigators, killed some cases, and changed the rules.In this episode, we look at the FCPA case against Glencore, a large commodity trading company, found guilty in 2022 for paying cash bribes in exchange for lucrative contracts all over the world.And we go back to the inception of the law, a time when using bribes to pay off foreign officials was considered "grease in the wheels" - a reasonable (if unethical) way to get business done.This episode was hosted by Amanda Aronczyk and Erika Beras. It was produced by Willa Rubin. It was fact-checked by Emily Crawford with help from Willa Rubin. It was edited by Marianne McCune. It was engineered by James Willetts. Alex Goldmark is Planet Money's executive producer.Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.Listen free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

Interview with Arturo Préstamo Elizondo, Executive Chairman & CEO of Santacruz Silver Mining Ltd.Our previous interview: https://www.cruxinvestor.com/posts/santacruz-silver-tsxvscz-strengthened-financial-position-deleveraged-and-developing-6319Recording date: 16th June 2025Santacruz Silver Mining (TSXV:SCZ) has reported exceptional Q1 2025 financial results, demonstrating the success of its operational turnaround strategy. The multi-metal producer generated revenues north of $70 million with EBITDA of $27 million, representing a dramatic gross profit increase of nearly 7,000% year-over-year.Executive Chairman Arturo Préstamo Elizondo attributed the strong performance to multiple factors, including favorable metal prices, strategic investments in mining operations, and beneficial currency movements in Bolivia. "Metal prices is helping us indeed, and also we have a few things that contribute to our gross margins. One has been the result of previous year's investments into our mines which have improved our margins," Préstamo explained.The company has made significant progress reducing its debt obligations, paying down $17.5 million of its Glencore consideration. With $22.5 million remaining to be paid in three monthly installments of $7.5 million each, the final payment is scheduled for late October 2025. The company maintains a strong treasury position with over $60 million in cash reserves.Strategic capital investments have focused on the Mexican Zimapán mine, particularly the development of Level 960, which management considers "the future of this mine." The company has acquired over 15 pieces of underground equipment over the past 18 months, with Level 960 now contributing 40,000 tons monthly out of the mine's total 75,000 tons per month throughput.While these investments temporarily elevated all-in sustained cash costs to $34.32 per silver equivalent ounce in Q1, management expects costs to normalize to $22-23 per ounce by Q4 2025 as operations transition from development ore to more efficient stope mining.The company maintains its commitment to community investment, allocating approximately $4 million annually to development programs while focusing on operational excellence rather than acquisitions for 2025.View Santacruz Silver's company profile: https://www.cruxinvestor.com/companies/santacruz-silver-miningSign up for Crux Investor: https://cruxinvestor.com

Interview with Michael Rowley, President & CEO of Stillwater Critical MineralsOur previous interview: https://www.cruxinvestor.com/posts/group-ten-metals-pge-pges-nickel-and-copper-time-to-reward-patient-investors-343Recording date: 5th June 2025Stillwater Critical Minerals has positioned itself as a leading domestic critical minerals investment opportunity, combining substantial polymetallic resources with strategic institutional backing and favorable policy tailwinds. The company's recent transformation from Group 10 Metals reflects management's conviction in their Montana asset, which sits within America's most established platinum group element mining district.The investment proposition centers on a significant resource base containing 1.6 billion pounds of nickel, copper, and cobalt alongside 3.8 million ounces of platinum group elements and gold. This polymetallic endowment addresses multiple critical mineral supply chains simultaneously, providing natural commodity diversification and reducing single-metal price risk. The resource represents a potential 10-20 year mine life operation with bulk tonnage scenarios exceeding $50 per ton gross value.Glencore's strategic 15.4% investment provides crucial institutional validation and operational expertise. The global commodity giant has made two separate investments and secured board representation, indicating serious commercial interest beyond passive investment. This partnership brings established market access, technical knowledge, and potential development capital to advance the project through feasibility studies.The project's location within Montana's Stillwater Complex offers significant operational advantages. Positioned within 500 meters of Sibanye-Stillwater's active East Boulder mine, the company can potentially leverage existing infrastructure, processing facilities, and skilled workforce. This proximity reduces development capital requirements and project execution risk compared to greenfield opportunities in remote locations.Management has assembled proven technical expertise through recruitment from Ivanhoe Mines, bringing direct experience developing complex polymetallic deposits. The team's geological model applies successful Bushveld Complex strategies to similar rock formations, reducing exploration risk and accelerating resource definition. Their reinterpretation of 40,000 meters of historical and recent drilling data has identified previously unrecognized economic potential within the lower Stillwater Complex.Federal policy alignment creates exceptional development opportunities. The project directly addresses U.S. critical mineral security objectives, with potential access to Defense Production Act funding and regulatory support. Montana's pro-mining jurisdiction and established permitting frameworks provide additional development advantages, while congressional support has been demonstrated through direct engagement with the state's delegation.The development timeline offers near-term catalysts for value recognition. Management expects to complete a Preliminary Economic Assessment by Q3 2026, following additional drilling and resource modeling work. This milestone will provide crucial economic validation and establish the foundation for advanced feasibility studies and potential strategic partnerships.Market dynamics strongly favor domestic critical mineral development. Supply chain vulnerabilities, energy transition demand, and strategic stockpiling trends create sustained growth drivers across Stillwater's commodity portfolio. The company's polymetallic approach provides exposure to multiple market segments while reducing dependence on individual commodity cycles. Strategic optionality enhances investment appeal through multiple potential development pathways. These include strategic partnerships with neighboring operators, infrastructure sharing agreements, independent development scenarios, or potential acquisition by major mining companies seeking domestic critical mineral exposure.With approximately $15 million invested against a current market capitalization of C$63 million, Stillwater represents compelling value creation potential. The combination of substantial resources, institutional backing, policy support, and proven management positions the company to capitalize on America's critical mineral security imperative while delivering significant investor returns through systematic project advancement and strategic value realization.View Stillwater Critical Minerals' company profile: https://www.cruxinvestor.com/companies/stillwater-critical-mineralsSign up for Crux Investor: https://cruxinvestor.com

Virgin Australia offers $3000 worth of shares to staff as it prepares for takeoff… onto the ASX. Glencore, the mining behemoth, has shifted over $30 billion of its assets into an Australian subsidiary… but there seems to be more than meets the eye. The New York Times signs its first-ever AI deal after years of pushing back against AI companies - but it’s not with its arch-nemesis OpenAI. _ Download the free app (App Store): http://bit.ly/FluxAppStorel Download the free app (Google Play): http://bit.ly/FluxappGooglePlay Daily newsletter: https://bit.ly/fluxnewsletter Flux on Instagram: http://bit.ly/fluxinsta Flux on TikTok: https://www.tiktok.com/@flux.finance —- The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.

In Zambia, efforts to clean up a massive acid spill from a Chinese-owned mine have been met with skepticism, despite government assurances. Officials claim restitution is underway and rehabilitation plans are in place, but activists question the fairness of compensation and lack of independent assessments.  Meantime, in the Democratic Republic of Congo, tensions are growing between major players in the cobalt and copper sectors. A public dispute between joint venture partners Ivanhoe and Zijin over mine damage revealed deep fractures, while an export ban on cobalt, aimed at stabilizing prices, has pitted Glencore against Chinese firm CMOC. JOIN THE DISCUSSION: X: @ChinaGSProject | @eric_olander | @obertbore | @christiangeraud Facebook: www.facebook.com/ChinaAfricaProject YouTube: www.youtube.com/@ChinaGlobalSouth Now on Bluesky! Follow CGSP at @chinagsproject.bsky.social FOLLOW CGSP IN FRENCH AND ARABIC: Français: www.projetafriquechine.com | @AfrikChine Arabic: عربي: www.alsin-alsharqalawsat.com | @SinSharqAwsat JOIN US ON PATREON! Become a CGSP Patreon member and get all sorts of cool stuff, including our Week in Review report, an invitation to join monthly Zoom calls with Eric & Cobus, and even an awesome new CGSP Podcast mug! www.patreon.com/chinaglobalsouth