Dubai gets Arab Gulf’s first, and perhaps last, coal power plant Dubai is starting up the $3.4 billion Hassyan coal plant, with capacity being increased from an initial 600 mega watts to 2,400 by 2023. Bloomberg News | November 26, 2020 | 2:51 pm
Vedanta sounds out bondholders on debt extension The mining giant started approaching the investors to discuss possible debt extensions after the company’s failed attempt to delist its India unit, Bloomberg News | November 26, 2020 | 8:31 am
These days, the smart money is staying away from Arctic drilling Both oil companies and banks have decided they can no longer tolerate the risk of drilling in one of the fastest-warming places on the globe. Bloomberg News | November 25, 2020 | 10:23 am
There’s $500 million of coal on anchored ships off China’s coast More than 50 vessels have been waiting a month or longer to offload coal from Australia. Bloomberg News | November 24, 2020 | 9:02 am
Elon Musk overtakes Bill Gates to grab world’s second-richest ranking The 49-year-old entrepreneur’s net worth soared $7.2 billion to $127.9 billion, driven by yet another surge in Tesla’s share price. Bloomberg News | November 24, 2020 | 8:16 am
Billionaire miner Forrest aims to be a global clean energy giant Forrest’s Fortescue will begin green fuel production in 2022 or 2023. It also aims to move into the hydrogen and ammonia markets. Bloomberg News | November 23, 2020 | 4:04 am
China must ban new coal power plants to meet 2060 goal – report China’s coal power fleet, already more than 1,000 gigawatts strong, is underutilized and already includes dozens of redundant plants. Bloomberg News | November 20, 2020 | 2:47 pm
Biden easing up on Cuba would boost Canadian miner, CEO says Sherritt was pushed to the brink during Trump’s tenure; its market value sunk to a record $22.8 million in March. Bloomberg News | November 20, 2020 | 8:16 am
Barrick joins exclusive Canada club with big cash hoard Barrick has seen its cash position swell amid surging gold prices. Bloomberg News | November 19, 2020 | 9:14 am
SQM pulls trigger on lithium growth in volume-over-price bet Company is moving ahead with plans to more than double capacity in a bet that accelerating electric-vehicle demand will tighten a currently oversupplied market for the battery metal. Bloomberg News | November 19, 2020 | 8:32 am
World’s no. 2 copper producer hits the hard part of its recovery Peru bounced back from hard lockdowns to post double-digit output growth mid year, but the next stage of its recovery is proving slower. Bloomberg News | November 18, 2020 | 1:56 pm
Billionaire Gertler buys royalty rights in Congo cobalt project At full capacity, the three mines obliged to pay royalties to Gertler companies could produce half of total global output in 2019. Bloomberg News | November 17, 2020 | 8:06 am
