Arch merges with Consol Energy to create US coal export powerhouse The new company will own 11 mines producing thermal coal for power plants and metallurgical coal for making steel. Bloomberg News | August 21, 2024 | 7:39 am
Zimbabwe bans riverbed mining to protect water sources Since 2011, the southern African country has allowed large scale and mechanical alluvial mining which has resulted in water pollution. Bloomberg News | August 20, 2024 | 10:44 am
China’s gold imports tumble again as record prices deter buyers Gold imports in July fell 24% to 44.6 tons, the lowest in more than two years. Bloomberg News | August 20, 2024 | 8:56 am
Coal-rich Indian state to pass mining tax after court ruling A sum of 100 rupees ($1.19) a ton will be levied on coal and iron ore production once it’s passed. Bloomberg News | August 20, 2024 | 7:51 am
Gold bars are worth a million dollars for the first time The milestone was reached Friday, when the precious metal’s spot price surpassed $2,500 per troy ounce. Bloomberg News | August 19, 2024 | 1:38 pm
US gives Electra $20 million to build cobalt plant The funds will support construction of a cobalt sulfate facility in Ontario that will be North America’s only refinery. Bloomberg News | August 19, 2024 | 1:08 pm
Chinese copper exports fall from record as local demand rebounds Exports of unwrought copper and products fell 40% from June to 140,940 tons, according to customs data on Sunday. Bloomberg News | August 19, 2024 | 9:59 am
Indonesia to name new energy minister in latest cabinet shuffle This represents Indonesia's fourth cabinet reshuffle in the past 12 months. Bloomberg News | August 18, 2024 | 5:04 pm
World’s biggest steel producer warns of ‘severe’ industry crisis Conditions in China’s steel sector are like a “harsh winter” that will be “longer, colder and more difficult to endure than we expected,” Baowu Steel's chairman said. Bloomberg News | August 18, 2024 | 2:10 pm
Gold price tops $2,500 on outlook for lower rates Spot bullion climbed as much as 1.8% on Friday, exceeding the previous record set last month. Bloomberg News | August 16, 2024 | 1:28 pm
Canada’s Yukon aims to reopen mine seized from Victoria Gold The Canadian company suspended operations at Eagle Mine in June following a failure at its heap leach facility. Bloomberg News | August 16, 2024 | 1:12 pm
Mpox risks spreading in Congo’s crowded mines, refugee camps A strain of the virus has emerged around the gold-mining town of Kamituga in the DRC. Bloomberg News | August 16, 2024 | 7:28 am
