US is vulnerable to China’s lock on key minerals, Biden aide says “We can’t be in the position Europe was in front of the invasion of Ukraine,” said John Podesta, senior White House adviser for clean energy. Bloomberg News | May 8, 2023 | 11:12 am
China’s gold splurge reaches sixth month as reserves rise again China raised its gold holdings by about 8.09 tons in April, according to data from the State Administration of Foreign Exchange. Bloomberg News | May 8, 2023 | 10:18 am
Brazilian iron ore state wants to lure lithium investors Minas Gerais will welcome “investors from all over the world” to Vale do Jequitinhonha, said governor Romeu Zema. Bloomberg News | May 8, 2023 | 10:14 am
Phasing out fossil fuels hasn’t worked. Europe has a new idea for COP28 Last year’s defeat for the EU and its allies on emissions cuts at COP27 has now set up what will be one of the hardest fights ahead of COP28. Bloomberg News | May 8, 2023 | 8:07 am
Coal India profit drops after wage cost provisions jump 12-fold Coal India reported a 17% decline in profits following a 12-times surge in provisioning for higher staff wages. Bloomberg News | May 7, 2023 | 10:57 am
Malaysia gives Lynas extension to keep rare earths unit open Lynas has an additional six months to get its rare earth plant in line with environmental requirements. Bloomberg News | May 7, 2023 | 10:50 am
Oil crash sends speculators fleeing at fastest pace in six weeks Speculators are once again fleeing the oil market, setting the stage for more extreme price swings. Bloomberg News | May 6, 2023 | 1:03 pm
Vedanta Resources repays $800 million loans to StanChart Vedanta Resources said it has repaid $800 million worth of loans, another move that could assuage concerns about its liquidity. Bloomberg News | May 6, 2023 | 12:50 pm
Rio Tinto cautions against takeover fever after lithium’s dramatic price slump CEO Jakob Stausholm said he’s “cautious” about acquisitions at current valuations, despite the world’s second-biggest miner wanting to grow its nascent lithium business. Bloomberg News | May 5, 2023 | 9:47 am
Bolivian senate approves general terms of bill to monetize gold The new legislation will allow the Andean nation’s central bank to undertake operations with its gold reserves in international markets. Bloomberg News | May 5, 2023 | 9:30 am
Chile will resume tax reform talks after election, Marcel says There will also be discussions on other bills regarding the minimum wage and the mining royalty. Bloomberg News | May 5, 2023 | 7:48 am
Newcrest board backs $19.5 billion Newmont takeover The due diligence period on the offer ends May 11. Bloomberg News | May 3, 2023 | 6:03 pm
