Saudi Arabia’s crown prince looks to metals as new source of wealth

Prince Mohammed bin Salman is prepared to pour billions of dollars into tapping the more than $1.3 trillion of metals his government says is buried in the country.

Bloomberg News | September 7, 2023 | 7:47 am

Vedanta to meet investors as it faces $2 billion debt bill

Representatives of the company are traveling to Singapore and Hong Kong to meet bondholders.

Bloomberg News | September 7, 2023 | 6:51 am

Australia coal mine expansions threaten more methane, study says

Emissions from Queensland coal and gas production could reach 26.6 million metric tons of carbon dioxide equivalent a year by 2030, study shows.

Bloomberg News | September 6, 2023 | 10:28 am

South African mines to get a faster route to Mozambique port

The Logistics Co. plans to open a trucks-only crossing at Komatipoort, just north of South Africa’s main Lebombo entry point into Mozambique.

Bloomberg News | September 6, 2023 | 8:27 am

Fortescue says executive exodus reflects green shift

Since reaching a year-high peak in July, Fortescue’s shares have fallen more than 15% in Sydney.

Bloomberg News | September 6, 2023 | 8:21 am

Vale says China property outlook is more encouraging

Iron ore prices have proved surprisingly resilient in recent months in the face of a crisis in China’s vital property market.

Bloomberg News | September 6, 2023 | 8:15 am

AI helps BHP fight declining ore grades at biggest copper mine

BHP said it’s moving forward with studies into potentially replacing a concentrator at Escondida.

Bloomberg News | September 5, 2023 | 11:23 am

Chinese firms vie for $2 billion Botswana copper mine

Three Chinese groups are among suitors still in the race to acquire the Khoemacau project.

Bloomberg News | September 5, 2023 | 10:19 am

Israeli tycoon Steinmetz held in Cyprus on Romanian warrant

Beny Steinmetz was sentenced in December 2020 to five years in prison for an illegal property scheme.

Bloomberg News | September 5, 2023 | 8:14 am

Tesla urges Australia to give tax credits for battery supply chain investment

“Australia can be more than a ‘dig and ship’ nation,” Tesla Chair Robyn Denholm told a conference in Canberra.

Bloomberg News | September 5, 2023 | 7:58 am

Sexual harassment persists at BHP after millions spent on women’s safety

The company recently completed a $191 million project to make its mining villages in Western Australia safer.

Bloomberg News | September 5, 2023 | 7:50 am

Iran slows uranium production after secret diplomacy

Iran’s stockpile of highly-enriched uranium grew just 7% in the last three months compared with a 30% increase in the previous quarter.

Bloomberg News | September 4, 2023 | 9:51 am

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