Bloomberg News

Lonmin plans to cut 4,100 workers as it closes platinum mines

The platinum producer has started a process that’s required under South African labor law to carry out the workforce reductions.

Sibanye keeps option to increase Lonmin offer against rival bid

Sibanye Gold reiterated that its increased offer for Lonmin is final, but kept its option open to sweeten the deal for the platinum producer should a rival bid emerge.

Nothing seems to matter in copper markets, except the trade war

Copper is slumping toward a three-month low even after Zambia moved closer to nationalizing some of its mines.

Controversial Australia coal mine boosted after shock vote

A surprise election victory for Australia’s pro-coal ruling Coalition is ratcheting up pressure on the Queensland state government to approve development in one of the biggest untapped reserves of the fossil fuel.

Peru leader seeks to rebuild trust in graft-hit political class

Underpinning investor confidence are the country’s vast mineral riches.

Venezuela sells $570m from gold reserve despite sanctions

Caracas sold about 9.7 tons of gold on May 10 and an additional 4 tons three days after, sources said.

Zambian president threatens Glencore, Vedanta with 'divorce'

The threat marks an escalation in tensions between the mining industry in Africa’s second-biggest copper producer and the state, after an increase in royalties and plans to introduce new taxes.

StanChart is said to hire JPMorgan's top mining banker in Asia

Michael Willoughby has been named co-head of metals and mining for the region at Standard Chartered and will be based in Singapore, sources said.

Billionaire Friedland close to deal with BHP on Guinea iron ore

If successful, talks will see him move to develop the Nimba deposit on Guinea’s border with Liberia, which has sat undeveloped for years.

Tesla fires sound alarms about safety of electric-car batteries

Recent blazes involving Tesla Inc. and NIO Inc. cars in Greater China are prompting the industry to take steps to alleviate concerns from potential customers.

Iamgold is said to explore sale amid gold sector consolidation

Shares of Iamgold were halted in Toronto after climbing as much as 11%, valuing the company at about C$1.7 billion ($1.2 billion).

How a gold mine drama set this man on a path to lead Australia

The drama surrounding the rescue of two men trapped in an Australian gold mine in 2006 has unearthed an unlikely star -- Bill Shorten, a union leader who’s now poised to become the nation’s prime minister.

Gold miner sues Zimbabwe central bank for not paying in dollars

Zimbabwe’s biggest gold producer sued the country’s central bank for $132m because it has been paying for the metal in a local quasi-currency rather than US dollars.

Arkema buys US mining chemical maker for $570m

Purchasing ArrMaz Custom Chemicals Inc. will add a portfolio of defoamers and other so-called surfactants also used in road construction and agrochemicals.

Army puts backers off multibillion-dollar Zimbabwe platinum mine

A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4 billion is floundering because a military stake in the project has deterred potential backers.

Platinum market is turning a corner as supplies start to tighten

Prices of the metal mostly used in autocatalysts are off to the best start to a year since 2016 as investors flock back to exchange-traded funds.

Hold tight for volatility as trade turmoil rattles markets anew

Investors are standing by for a fresh bout of market turmoil as President Donald Trump turns up the heat on Beijing over trade.

Climate-action delay to cost investors more than $1 trillion

Should governments install tougher policy in the push for cleaner technology, emission-intensive companies will increasingly struggle to compete.

World's coal miners may be digging themselves into another glut

Coal’s use to generate electricity has declined precipitously in the U.S. despite a revival push by President Donald Trump.

US equipment makers see Trump tariff hike costing 400,000 jobs

Just after midnight on Friday, the U.S. slapped a 25% tariff on about $200 billion of Chinese goods, up from 10%.

Amazon rainforest is ours and not yours, Brazil tells the world

The comments coincide with government plans to review existing conservation areas amid growing pressure from mining and agriculture lobbies.

Even Trudeau’s Canada, gripped in carbon fight, won’t ditch coal

Scientists agree coal is choking the planet—so why is it so hard for governments to ditch?

Race for AngloGold assets may pit Sibanye against rival Harmony

Sibanye faces competition from two rivals if it wants to buy South African gold mining assets that AngloGold Ashanti Ltd. plans to sell.

'Require, not ask' for women in mining, urges ex-Anglo chief

Companies have to do more to push gender diversity, according to Cynthia Carroll, former CEO of Anglo American Plc.

South African gold output extends biggest drop in a decade

South African gold production shrank for an 18th straight month in March, extending the longest run of contractions since the financial crisis.