financetom
Business
financetom
/
Business
/
Market Chatter: Rio Tinto Approached by Glencore for Congolese Copper Mine Stake Sale
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Rio Tinto Approached by Glencore for Congolese Copper Mine Stake Sale
Sep 21, 2025 1:16 AM

08:48 AM EDT, 09/19/2025 (MT Newswires) -- Rio Tinto (RIO) and other companies have received informal notice from Glencore that it is open to selling a stake in its copper mine in Congo, Bloomberg News reported Friday, citing people familiar with the matter.

Glencore's assets in the Congo include Kamoto Copper, a partnership with Gecamines and the Congolese government.

The report said that Glencore has held talks with potential bidders for the mine, including Orion Resource Partners, which had previously approached the London-listed miner with a proposal for the New York fund to buy the Congolese project through its joint venture with Abu Dhabi's ADQ.

A potential sale of the mine has been discussed as part of talks between the US and Congo over a minerals and infrastructure partnership, the report added.

Glencore and Orion Resource Partners declined to comment, while Rio Tinto did not immediately respond to request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
AXT Q2 revenue falls more than expected on China sluggishness
AXT Q2 revenue falls more than expected on China sluggishness
Jul 31, 2025
Overview * AXT Q2 revenue declines to $18 mln, missing analyst expectations * Adjusted net income for Q2 shows a loss of $6.4 mln, missing estimates * Co sees growth in AI-related demand for indium phosphide substrates Result Drivers * EXPORT PERMIT DELAYS - Longer processing times for gallium arsenide export permits affected revenue growth, per CEO Morris Young *...
Sezzle Insider Sold Shares Worth $441,570, According to a Recent SEC Filing
Sezzle Insider Sold Shares Worth $441,570, According to a Recent SEC Filing
Jul 31, 2025
04:27 PM EDT, 07/31/2025 (MT Newswires) -- Paul Paradis, Director, President, on July 29, 2025, sold 3,000 shares in Sezzle ( SEZL ) for $441,570. Following the Form 4 filing with the SEC, Paradis has control over a total of 1,283,448 common shares of the company, with 528,382 shares held directly and 755,066 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1662991/000166299125000207/xslF345X05/wk-form4_1753993381.xml ...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
First Solar Q2 Earnings Fall, Net Sales Rise; 2025 Outlook Updated
First Solar Q2 Earnings Fall, Net Sales Rise; 2025 Outlook Updated
Jul 31, 2025
04:27 PM EDT, 07/31/2025 (MT Newswires) -- First Solar ( FSLR ) reported Q2 earnings late Thursday of $3.18 per diluted share, down from $3.25 a year earlier. Analysts polled by FactSet expected $2.66. Net sales for the quarter that ended June 30 was $1.10 billion, up from $1.01 billion a year earlier. Analysts surveyed by FactSet expected $1.04 billion....
Copyright 2023-2026 - www.financetom.com All Rights Reserved