South Africa’s EV Dream Threatens $8.5 Billion in Climate Aid

Eskom’s $4 billion coal bill headache largely of its own making

Eskom’s coal costs have risen almost 22% since 2016.

Bloomberg News | October 7, 2019 | 9:52 am

China’s gold-buying spree tops 100 tonnes during trade war

Beijing's move reinforces its standing as one of the major official accumulators as central banks stock up on the precious metal.

Bloomberg News | October 7, 2019 | 4:23 am

Wall Street’s cold shoulder drives coal veteran to the exit

After running two major coal producers over a decade, Kevin Crutchfield decided it was time to move on when Wall Street began shunning the fuel.

Bloomberg News | October 6, 2019 | 10:08 am

Tesla battery flaw cover-up claim to be evaluated by NHTSA

The petition, filed by a law firm representing Tesla drivers, alleges that Tesla updated battery management software in response to a potential defect that could lead to battery fires.

Bloomberg News | October 4, 2019 | 3:54 pm

Gold futures decline as US jobs data eases concerns on economy

The job figures may give some comfort to markets after a string of weaker-than-expected data had boosted demand for gold as a haven this week.

Bloomberg News | October 4, 2019 | 11:11 am

Zimbabwe Accuses U.S. of Lying About Diamond-Mining Forced Labor

Zimbabwe accuses US of lying about diamond-mining forced labour

Zimbabwe, suffering its worst economic crisis since 2008, is desperate to end sanctions imposed by the U.S. and the European Union on politicians and state companies.

Bloomberg News | October 4, 2019 | 5:05 am

Higher iron ore imports by India loom as mining leases expire

The drumbeat of voices forecasting India could rely more on global markets for iron ore next year is getting louder.

Bloomberg News | October 3, 2019 | 12:59 pm

Diamond crisis deepens as De Beers reports plunging sales

RBC Capital Markets expects profit will fall by about 40% this year at De Beers.

Bloomberg News | October 3, 2019 | 9:14 am

Copper boom is just beginning for the CEO of biggest gold miner

Newmont’s new CEO plans to dispense more discipline than cash

Newmont shares have trailed its peers, even with gold’s meteoric rise that took the metal to a six-year high of $1,557.11 an ounce last month.

Bloomberg News | October 2, 2019 | 1:23 pm

Coal India reports 9% rise in shipments as restrictions ease

Coal India output sinks to record low as monsoons flood mines

Coal inventories at the country’s power plants have declined to a nine-month low, spurring higher imports.

Bloomberg News | October 2, 2019 | 11:28 am

Russia's Alrosa, China’s Anjin to dig for diamonds in Zimbabwe

Zimbabwe rejects US claim that diamond mine uses forced labour

Zimbabwe has accused the US of ignorance after blocking rough diamond imports from the Marange fields.

Bloomberg News | October 1, 2019 | 2:38 pm

Standard Lithium tries new approach to speed up production in Arkansas

Lithium at two-year low hobbles US bid to loosen China’s grip on market

The lowest lithium prices in over two years are hampering a handful of miners that want to challenge China’s dominance in the market.

Bloomberg News | October 1, 2019 | 12:59 pm

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