Teck CEO says Canada must spend more to erode China’s critical minerals dominance

Price noted that Canada has committed $4 billion over eight years to support critical mineral development, compared to $20 billion that China invested in 2023.

Bloomberg News | October 10, 2024 | 11:45 am

Coal expansion helps lure insurers back to Whitehaven

The development follows Sydney-based Whitehaven’s $3.2 billion purchase of coking-coal operations from BHP Group.

Bloomberg News | October 10, 2024 | 9:03 am

Zimbabwe plans incentives to encourage mineral processing

Zimbabwe has banned the export of unprocessed raw lithium and “base minerals” to boost domestic processing.

Bloomberg News | October 10, 2024 | 7:39 am

China’s top miner to spend $24 billion on coal-to-oil project

The facility in Hami city is just the latest in a series of coal-to-oil developments greenlit in recent years in the mining hubs of Xinjiang, Shaanxi, Ningxia and Inner Mongolia.

Bloomberg News | October 10, 2024 | 2:23 am

Rio arrives in lithium with a survival-of-the-fittest mentality

The company is planning to invest heavily in further expansion ahead of an anticipated 2030s demand boom.

Bloomberg News | October 9, 2024 | 2:19 pm

Canada’s green taxonomy unlikely to include new natural gas projects

The taxonomy will include both low-emitting “green” activities and “transition” activities that enable decarbonization.

Bloomberg News | October 9, 2024 | 2:11 pm

Ghana unions cancel strike over illegal gold mining after talks

Ghanaian unions have called off a strike after the government promised to take measures to clean up its small-scale mining sector.

Bloomberg News | October 9, 2024 | 1:04 pm

Congo wants to pivot away from China’s dominance over its mining

The plan includes streamlining processes to pay customs and taxes, along with a partnership with the United Arab Emirates.

Bloomberg News | October 9, 2024 | 11:19 am

Project dearth slows South Africa’s $9.3 billion coal exit plan

Political infighting, labor-union opposition and delays to planned closures of coal-fired power plants have all helped slow implementation.

Bloomberg News | October 9, 2024 | 10:19 am

Metal trader hiring frenzy sends bonuses soaring

The rush for metals traders has pushed compensation levels higher across the industry, according to several trading house CEOs.

Bloomberg News | October 9, 2024 | 9:39 am

Iron ore price spikes briefly as China plans fresh fiscal briefing

The steelmaking staple spiked more than 3%, before giving up most of that gain.

Bloomberg News | October 9, 2024 | 9:32 am

Ex-Glencore executives must wait until 2027 for bribery trial

England’s criminal courts are suffering from a crippling backlog of cases exacerbated by years of underfunding, the coronavirus pandemic and lawyer strikes.

Bloomberg News | October 9, 2024 | 7:58 am

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