Petropavlovsk to sell Russian assets for $600 mln to UMMC

Troubled gold miner sold stake for 75% less than rival proposal

Crisis-hit gold miner Petropavlovsk Plc accepted a bid for an iron ore investment, even as another bidder was prepared to pay four times as much.

Bloomberg News | June 18, 2021 | 7:50 am

Billionaire Adani Adds More Detail on $70 Billion Green Push

Adani loses $13 billion in four days in worst wealth rout

Four out of six Adani group stocks fell again on Friday, marking the fifth straight session of this week’s selloff.

Bloomberg News | June 18, 2021 | 7:02 am

China in risky bet to test its power in iron ore markets: Russell

China’s steps turn iron ore into world’s most volatile commodity

Iron ore, one of the hottest commodities in the early days of the raw materials rally, has now become the most volatile as bulls and bears joust over the trajectory of prices.

Bloomberg News | June 17, 2021 | 8:25 pm

Aluminum price jumps again as Guinea coup adds to supply worries

China’s top bauxite supplier set to boost output as rail starts

Guinea, which has the world’s largest proven reserves of bauxite, is poised to expand production.

Bloomberg News | June 17, 2021 | 9:00 am

CEO vacuum at AngloGold turns it into world’s worst mining stock

Shares of the world’s third-largest gold producer have dropped 30% in the past year.

Bloomberg News | June 17, 2021 | 7:58 am

Copper royalty bill clears another hurdle in Chile

Chilean senators pause to ponder tax impacts

The senate’s mining and energy committee will hold weekly hearings on the proposed royalty through mid July.

Bloomberg News | June 16, 2021 | 1:53 pm

Companies with $2.1 trillion of debt face natural capital risks

Moody’s says companies in 12 sectors, including mining, oil and gas, and shipping, have “high” or “very high” exposure to natural capital risks.

Bloomberg News | June 16, 2021 | 9:41 am

South Africa pushes to delay coal plant closures

Large methane leak detected over South Africa coal mining region

The cloud was spotted about 125 kilometers east of Johannesburg in an area where Sasol Ltd. has several coal mines.

Bloomberg News | June 16, 2021 | 7:47 am

Canada, EU in raw materials pact to cut China reliance

“We as Europeans want to diversify our imports away from producers like China because we want more sustainability, less environmental damage and we want transparency on raw materials.”

Bloomberg News | June 15, 2021 | 4:39 pm