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
Zambia stake-boosting mining plan won’t touch existing projects Africa’s second-largest copper producer is pursuing an ambitious plan to more than quadruple output of the metal by early next decade. Bloomberg News | November 4, 2024 | 6:52 am
How one of the tiniest oil markets cost Trafigura over $1 billion Last week, the company admitted it faces a loss in Mongolia of up to $1.1 billion, linked in part to suspected fraud by its own employees. Bloomberg News | November 3, 2024 | 9:10 am
Mercuria eyes equity in African assets, new metals boss says “You will see us very present in Africa and putting our money where our mouth is in respect of the Copperbelt,” Kostas Bintas said. Bloomberg News | November 1, 2024 | 12:46 pm
Traders see gold as a surefire bet as coin-toss election looms Bullion is set to advance if “it takes time to resolve who the winner is,” one trader said. Bloomberg News | November 1, 2024 | 10:04 am
Freeport probed by SEC over quake risk at Indonesia copper plant Officials are investigating if the miner failed to disclose the threats that an earthquake could pose to its new copper smelter complex. Bloomberg News | October 31, 2024 | 7:08 am
Lithium woes hold top China producers to year-to-date losses Global lithium prices have plunged from two years ago due to a flood of new supply and softening growth in demand from the electric-vehicle sector. Bloomberg News | October 30, 2024 | 11:19 am
Caterpillar slides as machinery maker curbs full-year outlook The cautious forecast by one of the world’s biggest heavy machinery producers comes amid uncertainty around the November election in the US. Bloomberg News | October 30, 2024 | 10:48 am
China Three Gorges plans $10 billion renewables-coal power base The project is part of a plan to fill China’s unused desert land with clean electricity generation and transport it on long-distance transport lines to densely populated cities. Bloomberg News | October 30, 2024 | 10:17 am
Gold demand tops $100 billion as Western investors charge in Investment flows from the West, including more high-net-worth individuals, helped offset waning appetite from Asia. Bloomberg News | October 30, 2024 | 1:10 am
China’s cobalt king hits output goal months ahead of schedule The world’s No. 1 cobalt miner smashed through its full-year output target last quarter after a speedy ramp-up. Bloomberg News | October 29, 2024 | 2:20 am
China gold demand plunges as record prices deter jewelry buyers Gold demand in the world’s biggest consumer plunged by more than a fifth in the third quarter. Bloomberg News | October 28, 2024 | 7:02 am
