Iron ore beats back bears as trade fight batters commodities

The commodity’s resilience in recent weeks even as trade tensions flared is a boon for global miners including Rio Tinto Group, BHP Billiton Ltd. and Vale SA, all of which reported bumper production figures this week.

Bloomberg News | July 18, 2018 | 8:00 am

World’s biggest miners want more copper but nobody’s selling

Nobody who owns a copper mine wants to give it up. Even when Glencore and Anglo American Plc were crippled by debt during the 2015 commodity slump, neither was willing to entertain an offer from Rio for their holdings in the giant Collahuasi deposit in Chile.

Bloomberg News | July 17, 2018 | 7:09 am

How mining tycoons are trying to foil a big UK bribery probe

The case will undoubtedly frustrate attempts to bring criminal charges against them and drag out proceedings for months, if not years.

Bloomberg News | July 16, 2018 | 12:02 pm

S. Africa unions decry fatalities as six die at copper mine

South Africa’s mining industry is heading for the deadliest year since 2012 after six people died in an underground fire at Palabora Mining.

Bloomberg News | July 16, 2018 | 11:45 am

African conglomerate Moti is open to $500m stake sale

Moti said he’d be willing to sell as much as 25 percent to the right partner, but ruled out any prospect of an initial public offering.

Bloomberg News | July 16, 2018 | 11:35 am

Top-grade iron ore may spike to $100

High-grade iron ore may spike to $100 a metric ton as China intensifies a clampdown on pollution by restraining industrial activity.

Bloomberg News | July 16, 2018 | 1:00 am

Copper trains ransacked by ‘Moles’ in full-moon desert heists

A common target for the thieves is Antofagasta Plc’s logistics unit Grupo FCAB, which owns and operates about 700 kilometers of railway lines used to transport cathode and semi-processed copper.

Bloomberg News | July 15, 2018 | 8:01 am

Trade war sends commodities to biggest drop in 5 months

China, the biggest consumer of everything from copper to coal, has warned that the proliferation of tariffs could cause a global recession.

Bloomberg News | July 13, 2018 | 1:08 pm

Copper trains ransacked by ‘moles’ in full-moon desert heists

Thieves leap from trucks onto trains as they roll through Chile’s Atacama Desert, before throwing 80-kilo slabs of copper to the ground and disappearing.

Bloomberg News | July 13, 2018 | 11:41 am

Wage talks begin in South Africa’s shrinking gold industry

Negotiations start against the backdrop of stark declines in the industry that was once the world’s largest.

Bloomberg News | July 11, 2018 | 6:13 am

Trump started the metals rally, now he’s the reason it’s ending

The U.S. election of Donald Trump lit a fire under metals markets in 2016 as investors took a liking to his pro-business agenda. Now, copper and other metals are tanking as Trump’s trade war against China threatens to derail economic growth.

Bloomberg News | July 11, 2018 | 4:34 am

China’s electric car appetite spawns 77-year-old billionaire

Huh Chin-kyu has become his country’s latest billionaire thanks to increasing demand for the firm’s copper coils.

Bloomberg News | July 10, 2018 | 3:47 pm

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