Deutsche Bank shuts down physical precious metals trading

Deutsche Bank is winding down its physical precious metals trading business, it said on Thursday, moving to further scale back its exposure to commodities.

Bloomberg News | November 27, 2014 | 9:14 pm

Oil sands producers aim to cut water usage by 50% by 2022

Canadian oil sands producers set a target to lower the amount of fresh water used in bitumen processing by 50% by 2022 in a bid to reduce harm to the environment, an industry group said.

Bloomberg News | November 25, 2014 | 5:35 pm

China’s gold imports rise for third month on jewelry sales

China’s gold imports from Hong Kong rose for a third month as increasing jewelry sales countered weakening demand for the metal as an investment amid falling prices.

Bloomberg News | November 25, 2014 | 12:26 pm

BHP targets further spending cuts as iron prices tumble

BHP Billiton Ltd. (BHP), the world’s biggest mining company, plans to take a scalpel to capital spending and costs to bolster cashflows as iron ore and crude oil prices plunge.

Bloomberg News | November 23, 2014 | 11:05 pm

Copper drops on growth concerns

Copper futures fell for the third time in four sessions as demand concerns mounted after Japan unexpectedly sank into a recession and U.S. industrial production declined.

Bloomberg News | November 17, 2014 | 10:27 pm

South Africa mine-killing probe draws to close after 2 years

More than two years after 34 protesters were killed in the deadliest police action in South Africa since the end of apartheid, the state is completing its investigation.

Bloomberg News | November 16, 2014 | 9:44 pm

Alberta seen growing at slowest pace in 5 years after oil prices plunge

Alberta, which derives a quarter of its economy from the oil sands and other energy resources, is poised to grow at the slowest pace in five years as crude prices slump.

Bloomberg News | November 14, 2014 | 3:03 pm

Grupo Mexico billionaire buying buoys Southern Copper’s stock

German Larrea is purchasing stock in mining unit Southern Copper Corp. (SCCO) to reinforce confidence amid falling metal prices.

Bloomberg News | November 13, 2014 | 2:50 pm

South Africa blackouts seen lasting all week after silo collapse

Rolling power blackouts will probably continue across South Africa this week as Eskom Holdings SOC Ltd. struggles to recover capacity from its second-biggest plant after a coal silo cracked and collapsed, it said.

Bloomberg News | November 2, 2014 | 11:31 pm

Gold mining stocks diverge in wake of metal’s decline

A chasm is opening up between the best- and worst-performing gold mining stocks as the price of the metal languishes near a four-year low.

Bloomberg News | November 2, 2014 | 9:28 pm

Platinum miner sees opportunity in supply cuts

Canada’s Platinum Group Metals Ltd. (PTM) says its low-cost South African projects will benefit as competitors shut down old unprofitable mines, slashing global output by as much as 35 percent.

Bloomberg News | October 26, 2014 | 9:37 pm

Gold’s revival drives ETF volatility to 11-month high

As demand for gold rebounds amid the global rout in equities, the metal’s climb to a one-month high may not be the best gauge of the new-found buzz in a market that had been dormant for most of 2014.

Bloomberg News | October 16, 2014 | 11:16 pm

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