Resolute CEO detention in Mali comes amid West Africa mining squeeze

Mali’s military junta — crippled by sanctions and cut off from Western aid — is at the forefront of the push, aggressively pursuing both Resolute and Barrick Gold.

Bloomberg News | November 11, 2024 | 8:58 am

Zimbabwe to end tax relief for miners to spur mineral processing

President Emmerson Mnangagwa said last month the government would introduce incentives to encourage mining companies to process their output locally.

Bloomberg News | November 11, 2024 | 8:50 am

Iron ore price drops back to $100 as China’s latest fix disappoints

Futures declined as much as 2% in Singapore after slumping on Friday, when the Chinese government unveiled a debt-swap plan.

Bloomberg News | November 10, 2024 | 4:46 pm

Barrick falls behind rivals as No. 2 miner misses boost from bullion boom

Missed production targets, higher operational costs and political turbulence at mines in Africa and Asia have investors turning increasingly sour on the world’s second-biggest gold producer.

Bloomberg News | November 9, 2024 | 4:00 pm

Resolute Mining CEO, executives detained in Mali

CEO Terry Holohan and other company executives were taken by Mali’s junta over the weekend, said Bloomberg sources.

Bloomberg News | November 9, 2024 | 9:43 am

Bolivia ditches new gold rule within days to curb ‘speculation’

By law, the institution must keep at least 22 tons of the metal.

Bloomberg News | November 8, 2024 | 12:47 pm

Gold price heads for weekly drop as traders weigh Trump, Fed outlook

Bullion declined by as much as 1% Friday, on track for its biggest weekly fall since May.

Bloomberg News | November 8, 2024 | 9:17 am

Huayou seeks $2.7 billion for Ford-backed Indonesia nickel plant

The fundraising comes as benchmark nickel prices trade near a four-year low amid weaker demand from the stainless steel market.

Bloomberg News | November 7, 2024 | 5:05 pm

World’s biggest cobalt miner is gloomy on the EV metal’s future

The adoption of cobalt-free LFP batteries has gained momentum in recent years.

Bloomberg News | November 6, 2024 | 6:20 am

Gold price steady as early US election results start to trickle in

Bullion was near $2,743 an ounce in early Asian trading as the battle for the White House reached its endgame.

Bloomberg News | November 5, 2024 | 4:31 pm

Copper price extends gain on Chinese recovery while US election looms

Prices climbed as much as 0.9% after China’s monthly services activity expanded at the fastest pace since July.

Bloomberg News | November 5, 2024 | 9:24 am

China’s top coal firms lean into power as mining profits slip

Mining costs are rising because of aging deposits that demand deeper bores and increased maintenance to avoid accidents.

Bloomberg News | November 4, 2024 | 7:21 am

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