Bloomberg News

Glencore billionaire among directors banned, fined by Canada

The punishment from the OSC is a response to false accounting from Katanga that saw it overstate how much it mined in the Democratic Republic of Congo in 2014.

Metals rebirth tied to shrinking supplies, stimulus in China

Five metals fell by 13 percent or more, led by zinc, which lost more than 20 percent.

Glencore's Katanga says it agreed settlement in Canadian probe

A settlement over an investigation into its accounting, the two sides said, without disclosing the terms of the settlement.

Zambia threatens to expel foreign workers over mine job cuts

Mining companies in Zambia have warned that an increase in royalties set for Jan. 1 will lead to more than 21,000 job cuts.

Chile's billionaire president urged to deliver economic recovery in 2019

With the post-election honeymoon just about over, 2019 is the year Pinera must deliver.

China's GEM is said to stop buying cobalt from Glencore

Last week Glencore warned that some buyers in China reneged on contracts after seeing prices plunge, forcing the company to renegotiate the commercial terms of the deals.

BHP's $20B Canadian potash dilemma: To build or not?

BHP Group may be heading for another clash with investors as the world’s biggest miner gets closer to a decision on whether to build, sell or mothball.

Barrick is said to move closer to resolving Acacia dispute

A deal would be a major victory for Bristow as he prepares to take the helm of Barrick in January

Global bankers spurn Trump's pleas to keep making loans for coal

Given the economics and how the conversation around coal has shifted, you might as well try to push these banks into rotary phones or horse-drawn carriages.

Gupta's South African mining assets attract $215m bid

Project Halo will buy Optimum Coal Mine (Pty) Ltd, Koornfontein Mines (Pty) Ltd and Optimum Coal Terminal (Pty) according to the term sheet seen by Bloomberg.

Anti-mine stance eases in second-largest copper producer

Cajamarca could attract as much as $18.2 billion investment in new projects, according to the Mines and Energy Ministry.

South African gold output drops 13th straight month in October

Gold production declined 15.1% from a year earlier.

Big coal wants consumers to pay for fixing its pollution problem

"CCS is a get-out-of-jail card and a great business opportunity,” - Michael Liebreich, founder of Bloomberg NEF research group.

China's copper, iron ore imports slump as economic growth slows

Often cited as a market indicator for economic health, the metal has been under pressure since the summer, threatening to unwind a three-year rally.

Trump shifts to reverse by going after electric cars: Noah Smith

The administration would end subsidies for electric cars. Under the existing program, buyers of electric vehicles get a federal tax credit.

High risk/high reward lithium bet drives Argentina Surge

High risk, high reward is the bet being made by global lithium miners in Argentina who are brushing aside a recession, a currency crisis and political uncertainty in their hunger for the mineral that helps power electric cars.

Glasenberg eyes successor as Glencore readies new generation

Glasenberg, a workaholic, straight-talking South African who has become the public face of the commodity trading industry, has led Glencore for nearly two decades.

No. 2 platinum miner mulls purchases in low-cost asset shift

Chief Executive Officer Nicolaas Muller said Implats could return to profit by around 2020 by shutting older shafts at its Rustenburg mining complex.

Copper deals to get elusive after Teck's $1.2 billion sale

The expansion of the mine, which will require an estimated investment of $4.7 billion, is set to start producing in 2021 and could double Teck’s copper business.

Cobalt's star fades for Glencore traders as customers renege

From riding high on cobalt’s boom, Glencore Plc traders are feeling the heat as falling prices and reneged contracts put a dent in profit.

Glasenberg says he'll stay for 3 to 5 years: Glencore Update

"When I go I hope it’ll be a 45-year-old who’ll take over," Glasenberg said

Big lithium riches lure first-time miner to Bolivia's salt flat

ACI Systems Alemania employs just 20 people and was created solely to focus on building a lithium mine in Bolivia.

What to watch in commodities: Trump-Xi, OPEC, iron, Tesla, crops

It’ll be an important week for iron ore, which has been badly beaten up in November.

Next year's challenge for Canada's oil patch comes from the sea

A new rule taking effect in 2020 aimed at reducing pollution by cutting the sulfur content of maritime fuel will make sulfur-heavy oil sands crude less desirable.

Germany's miners get shafted as coal power survives on imports

The 150-year-old Prosper-Haniel site — shuts in December.