Venezuela is said to default on gold swap with Deutsche Bank

Venezuela has defaulted on a gold swap agreement valued at $750 million with Deutsche Bank, prompting the lender to take control of the precious metal which was used as collateral.

Bloomberg News | June 4, 2019 | 12:52 pm

Russian banks mull exporting more gold on central bank discount

The Bank of Russia made the change to its pricing policy this year, saying it would buy from dealers at a level slightly below the benchmark London gold price.

Bloomberg News | June 4, 2019 | 9:16 am

China stokes rare earths concerns with possible export controls

China’s state planner is closely studying proposals to establish rare-earth export controls.

Bloomberg News | June 4, 2019 | 9:07 am

Lithium mining superpowers seek riches as battery makers

The race by Tesla, Samsung and other technology giants to secure supplies of lithium is creating a unique chance for two global mining superpowers to reap more value from their natural resources.

Bloomberg News | June 3, 2019 | 3:25 pm

China’s tech ambitions hinge on 20 electric versions of Detroit

President Xi Jinping wants the nation’s 500 electric car makers to be magnets for ancillary industries as he pushes to build a manufacturing superpower by 2025.

Bloomberg News | June 3, 2019 | 10:56 am

Vedanta seeks arbitration in Zambian copper mine dispute

Zambia’s government this month began liquidation proceedings against Vedanta’s Konkola Copper Mines, after accusing Vedanta of lying about expansion plans and paying too little tax.

Bloomberg News | June 3, 2019 | 9:34 am

Glencore’s executive departures hasten as oil chief leaves

The generational change at the top of Glencore Plc gained speed on Monday, after the company announced the retirement of its long standing head of oil Alex Beard.

Bloomberg News | June 3, 2019 | 9:19 am

Gold climbs as Trump’s Mexico threat shows ‘no country is safe’

Gold is finally seeing some bullish momentum as trade ructions escalate, fueling the biggest rally among the top miners in seven months.

Bloomberg News | June 3, 2019 | 8:55 am

Finland’s new government plans spending spree, Iltalehti reports

The new government intends to look into establishing a mining tax and analyzing the possibility of taxing capital gains from the sale of mining rights.

Bloomberg News | June 2, 2019 | 12:07 pm

Energy prices crash in Europe as old, new fuels vie for share

Gas and coal prices are plunging in Europe, hurt by the relentless threat of ever-cheaper clean energy.

Bloomberg News | June 2, 2019 | 10:21 am

Russia owns rare earths but mines little. That’s changing

President Vladimir Putin has pushed Russia to develop its own rare earth production, calling it an issue that’s " critically important to the defense capability of the country.

Bloomberg News | May 31, 2019 | 10:29 am

Trump campaign official lobbies for Ohio coal, nuclear subsidies

Bob Paduchik, who also led the Ohio Trump campaign in 2016, called lawmakers urging them to support the legislation and stressing that the president was behind it as well.

Bloomberg News | May 30, 2019 | 10:39 am

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