Iran bans bitcoin mining, echoing China, after blackouts

Authorities decided to act after concluding the spike in electricity consumption from server farms underpinning Bitcoin and other tokens was a key factor behind rising demand for coal.

Bloomberg News | May 26, 2021 | 8:06 am

Nissan said to be in talks to build battery plant in UK

The gigafactory, which would be built on the existing Sunderland site, is expected to support the production of 200,000 batteries a year.

Cecilia Jamasmie | May 26, 2021 | 5:45 am

Chaarat’s Kyrgyzstan gold project hit by Centerra turmoil

Delays due to lingering covid-19 restrictions and Kyrgyzstan’s political situation means first gold from Tulkubash is now expected in 2023.

Cecilia Jamasmie | May 25, 2021 | 7:06 am

JSW Steel denies Liberty asset bid as mill plans India expansion

India’s most valuable steelmaker is ruling out overseas acquisitions and is instead focusing firmly on its home market, with a $3.4 billion plan to sharply boost output.

Bloomberg News | May 24, 2021 | 10:44 am

Huayou, EVE Energy to start $2bn nickel-cobalt smelter in Indonesia

Several other Chinese-backed nickel plants are under construction in Indonesia.

Reuters | May 24, 2021 | 9:04 am

Commodity ‘supercycle’ a cue for Saudi state miner to cut debt

The new CEO of Saudi Arabia Mining Co. has plans to halve the ratio of debt to earnings before interest, tax, depreciation and amortization over the next five years.

Bloomberg News | May 23, 2021 | 10:01 am