Maduro to tap sanctioned dealmaker to ship gold to Iran

Alex Nain Saab Moran, one of the most powerful men supporting Nicolas Maduro’s regime, is said to have traveled to Tehran to broker a gold for gasoline deal.

Bloomberg News | May 8, 2020 | 9:01 am

China is virtually alone in backing Africa’s coal projects

Chinese companies and banks are involved in financing at least 13 coal projects across the continent with another nine in the pipeline.

Bloomberg News | May 7, 2020 | 9:52 am

Oil bust forces college grads to rethink career path

The energy business used to add jobs at about 10 times the US national pace, now it’s even worse than the economy in general.

Bloomberg News | May 7, 2020 | 9:13 am

Indian lithium plant plan advances as EV market boom looms

India’s first lithium refinery will have a proposed capacity of 20,000 tonnes a year of lithium hydroxide.

Bloomberg News | May 7, 2020 | 8:58 am

HSBC reveals it was caught out as lockdowns snarled gold market

In a filing, the bank cited “delivery disruptions in the gold market” as one reason why it breached its value-at-risk limits 12 times in March.

Bloomberg News | May 6, 2020 | 10:53 am

Africa’s top gold refiner restarts smelter

Rand Refinery will restart the plant this week after a month-long shutdown.

Bloomberg News | May 6, 2020 | 9:37 am

Warlord-linked Sudanese firm hands over mines

Company linked to the country’s most powerful militia leader is surrendering a network of mines that at one stage produced a third of the nation’s gold.

Bloomberg News | May 5, 2020 | 10:29 am

Top coal miner seeks loans as lockdown saps payments

Bharat Coking Coal, a unit of Coal India, is planning a debt-raising to meet expenses.

Bloomberg News | May 5, 2020 | 10:03 am

Coal snags $31 million in US stimulus loans for small business

The coal company funding came after the industry successfully lobbied the Trump administration to add the sector to its list of essential industries.

Bloomberg News | May 5, 2020 | 9:20 am

India’s gold imports plummet by 99.5%

Overseas purchases slumped to 60 kg in April, the lowest monthly inflow in records going back to 2010.

Bloomberg News | May 4, 2020 | 8:58 am

Coal loses backing from another big bank

Westpac Banking said it would exit the sector by 2030.

Bloomberg News | May 4, 2020 | 8:46 am

Gold bars fight covid-19 kits for space on the plane

With global travel at a standstill, precious metals industry is scrambling for alternative ways to keep the market moving.

Bloomberg News | May 4, 2020 | 7:23 am

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