Indika Turns to Gold, Electric Bikes in Shift Away From Coal

India’s gold revamp pushes on as spot trading inches closer

India is moving closer toward setting up spot contracts for gold, finalizing rules for trading and providing the world’s second-biggest consumer a firmer grasp over setting the price of bullion.

Bloomberg News | June 3, 2021 | 9:45 am

Coal deal hunters descend on Indonesia as demand peaks

It’s not over for coal as global prices surge on hot demand

Coal is seeing a dramatic spike in demand just as several major miners are hit with production problems, sparking a surge in prices from China to Europe and the US.

Bloomberg News | June 3, 2021 | 7:34 am

Chile needs $150 bln to boost green copper output, minister says

Chile ‘pretty confident’ of tempering tax bill

Chile’s government is confident of paring back a copper tax bill in order to stay competitive with other major producers, the mining minister said.

Bloomberg News | June 2, 2021 | 10:23 pm

Wall Street’s favorite climate solution is mired in disagreements

Carbon offsets: New $100 billion market faces disputes over trading rules

Global warming is the world's biggest market failure, so the solution might just be better trading.

Bloomberg News | June 2, 2021 | 11:24 am

Botswana mining growth seen flat amid dim diamond outlook

State diamond miner in Zimbabwe sees output rising 30% this year

Zimbabwe Consolidated Diamond Co.’s mines produced 2.3 million carats worth of diamonds in 2020 and mostly sold them to India and the Middle East.

Bloomberg News | June 2, 2021 | 8:00 am

Higher output could boost Coal India's spot sales, chairman says

Coal India’s $5 billion wage bill set to rise amid rocky outlook

The world’s biggest coal miner is about to enter negotiations with trade unions over potentially hefty pay hikes at a time when the global push for clean energy is putting the industry’s future into doubt.

Bloomberg News | June 1, 2021 | 10:45 pm