In race to net zero, being small or diverse foils metal makers

The worst performers among 53 major metal companies ranked for risks and readiness in a net-zero emissions scenario were an Australian iron ore miner and steelmakers from Russia and India.

Bloomberg News | November 1, 2021 | 9:45 pm

BHP’s plan to exit thermal coal is in doubt

Exit is looking less certain as record prices and shifting investor attitudes put the brakes on its planned retreat from the dirtiest fuel.

Bloomberg News | November 1, 2021 | 8:17 am

Rio Tinto CEO says zero emissions path might not be clear until 2030

Jakob Stausholm last month laid out plans to spend $7.5 billion to decarbonize its assets over the next decade.

Bloomberg News | November 1, 2021 | 8:10 am

Lab-grown diamonds are latest victims of China’s power crisis

Roughly 7 million carats of jewelry-quality man-made diamonds are produced globally each year, of which 3 million come from China.

Bloomberg News | November 1, 2021 | 7:40 am

COP26: What G-20 leaders agreed on coal, methane, net-zero

Politicians promised to stop financing overseas coal plants, tackle methane leaks and take greater action this decade to limit global warming.

Bloomberg News | October 31, 2021 | 1:16 pm

Zambia announces mining tax breaks, pares deficit in 2022 budget

The mining industry’s lobby group had complained for years that not being allowed to deduct royalties amounted to double taxation and deterred investment.

Bloomberg News | October 29, 2021 | 12:06 pm

Four charts show why silver price surge is set to fade

The metal is poised for the first monthly advance since May on concerns that power shortages and supply-chain snarls will keep inflation persistently high.

Bloomberg News | October 29, 2021 | 9:34 am

Strike drags down copper output at world’s top supplier Codelco

A 7.6% dip in the Chilean state company’s production from the third quarter of last year offers little relief for a tight global market.

Bloomberg News | October 29, 2021 | 9:25 am

US coal miners are ‘sold out’ for 2022

Almost every lump of coal that US miners will dig out of the ground next year has already been sold.

Bloomberg News | October 29, 2021 | 8:49 am

Vale earnings disappoint with inflation adding to iron slump

While Vale produced more than analysts expected last quarter as part of an ongoing recovery from a 2019 tailings dam disaster, sales lagged production.

Bloomberg News | October 29, 2021 | 8:39 am

South African mining deaths rise as safety worsens, lobby says

The number of deaths in the world’s top platinum-group metals miner rose to 55 between January and Oct. 28 this year, from 43 in the same period last year.

Bloomberg News | October 29, 2021 | 8:09 am

Caterpillar profit tops estimates as supply chain snags loom

Executives warned that the company will fall short of its expectations for fulfilling customer demand this year.

Bloomberg News | October 28, 2021 | 8:03 am

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