Rinehart’s Hancock weighs $3.3 billion iron ore mine project Hancock acquired a 51% interest in the Mt Bevan project from Legacy Iron Ore Ltd. and Hawthorn Resources. Bloomberg News | July 16, 2024 | 3:59 pm
Germany Chancellor plans lithium deal with Serbia after Rio ruling Olaf Scholz plans to visit Serbia this week to secure supplies of lithium that are critical for the nation’s energy transition and auto industry. Bloomberg News | July 16, 2024 | 3:32 pm
Zimbabwe central banker stockpiles gold to bolster ZiG currency The ZiG - short for Zimbabwe gold — is the nation’s sixth attempt at having a functioning local currency in the last 15 years. Bloomberg News | July 16, 2024 | 11:07 am
Copper market’s biggest whale fuels speculation of a major shift The world’s single biggest buyer of copper, State Grid Corp. of China, has slowed its purchases of copper wire this year. Bloomberg News | July 16, 2024 | 8:29 am
Development banks seek to revive world’s biggest power project The planned Grand Inga hydropower complex in the DRC has been stalled for decades. Bloomberg News | July 16, 2024 | 7:22 am
Ganfeng Lithium plans to build $1.1 billion trading desk Derivatives will be used to lower the risks of cross-border investments and to enhance financial stability, the Chinese producer said. Bloomberg News | July 16, 2024 | 7:04 am
China copper smelters bracing for shortage of vital scrap metal Around 30% of China’s refined copper production used scrap metal as a feedstock in 2023. Bloomberg News | July 16, 2024 | 6:58 am
Vedanta seeks $1 billion in upsized share placement Vedanta is joining a slew of Indian companies tapping stock investors amid surging valuations and increasing demand for equity investments in the country. Bloomberg News | July 16, 2024 | 6:55 am
UK’s first coal mine in 30 years faces climate court test Environmental campaigners are challenging the approval of a coking coal mine in northwest England. Bloomberg News | July 16, 2024 | 6:50 am
Vale seeks go-ahead to build iron ore mine by biodiversity haven Apolo is seen as critical for reviving the company’s iron ore capacity in Minas Gerais. Bloomberg News | July 15, 2024 | 7:17 am
Trafigura and Mubadala plan sale of Brazil iron ore port The companies bought a controlling stake in the Rio de Janeiro facility from MMX Mineracao & Metalicos in 2014. Bloomberg News | July 14, 2024 | 9:29 am
Botswana eyes new export route to exploit huge coal resource The African Development Bank has agreed to finance a feasibility study for the project, at a cost of about $4 million. Bloomberg News | July 12, 2024 | 4:48 pm
