Canadian resource companies investing abroad at record levels

Statistics Canada reported Thursday that Canadian-based energy and mining companies invested a net C$15.5 billion ($11.5 billion) outside of the country in the first three months of 2019.

Bloomberg News | May 30, 2019 | 9:04 am

After M&A spree, Sibanye is now the world’s No. 1 platinum miner

The deal, approved by shareholders on Tuesday, creates a company that will eclipse Anglo American Platinum Ltd. as the world’s biggest platinum miner and will rank second to Russia’s MMC Norilsk Nickel for palladium output.

Bloomberg News | May 29, 2019 | 3:58 pm

ArcelorMittal slides after cutting European steel output

ArcelorMittal fell the most in two years after announcing that it’s further cutting steel production across its European plants to cope with weak demand and rising imports.

Bloomberg News | May 29, 2019 | 3:14 pm

US fighter jets and missiles are in rare-earth firing line

China’s grip on the global market for rare-earth metals gives it the ability to target American weaponry in its trade war with the U.S.

Bloomberg News | May 29, 2019 | 2:22 pm

China gears up to weaponize rare earths dominance in trade war

The threat to weaponize strategic materials ratchets up the tension between the world’s two biggest economies before an expected meeting between Presidents Xi Jinping and Donald Trump at the G-20 meeting next month.

Bloomberg News | May 29, 2019 | 9:33 am

Eike Batista plots his comeback and offers advice to Elon Musk

While differences between the men are glaring -- Musk wants his electric cars to break the world’s fossil fuel addiction -- the sudden downfall of Batista’s oil company offers a cautionary tale for Tesla investors.

Bloomberg News | May 29, 2019 | 9:20 am

Swiss open criminal probe after Glencore complaint by non-profit

Switzerland’s top prosecutor opened a criminal probe against “unknown perpetrators” suspected of bribing foreign officials after a public interest group filed a complaint in 2017 against Glencore.

Bloomberg News | May 29, 2019 | 9:02 am

Vedanta’s KCM unit said to attract Kazakh, Chinese interest

Eurasian Resources Group and China Non-Ferrous Metals Co. expressed interest in buying Konkola Copper Mines, should the Zambian government succeed in seizing it from Vedanta.

Bloomberg News | May 29, 2019 | 8:48 am

VW to rework $56B battery push on Samsung deal risk

Volkswagen is making changes to its battery-purchasing plan worth about 50 billion euros ($56 billion) over concerns one of its supply deals, with Samsung, might unravel.

Bloomberg News | May 28, 2019 | 4:04 pm

Tanzania says Acacia Mining won’t be allowed any role in country

Tanzania will no longer allow Acacia Mining to manage its mines in the country and will only work with the company’s parent, Barrick, to resolve the two-year impasse that has stymied operations.

Bloomberg News | May 28, 2019 | 9:54 am

China proposes coal price cuts to ease burden on power producers

The latest move signals coal power generators are under pressure from high raw material costs and the government’s plan to cut electricity charges.

Bloomberg News | May 28, 2019 | 9:51 am

Tanzania targets 52% increase in mineral earnings in 2019-2020

Tanzania intends to collect 470.9 billion shillings ($205.5 million) from minerals in 2019-20, compared with a projected income of 310.6 billion shillings in the fiscal year ending June 30.

Bloomberg News | May 28, 2019 | 9:04 am

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