Bloomberg News

Iron ore enters bull market as China's curbs supercharge steel

Spot ore with 62 percent iron content jumped 3.7 percent to $72.68 a metric ton, the highest since September 14, according to Metal Bulletin Ltd.

World's top copper miner wants CEO to stay to contain costs

“A lot of people including myself are promoting the idea that Nelson continues on as CEO for a couple of years if possible,” said chairman Oscar Landerretche.

‘Miner's revenge’ is coming with electric cars, Friedland says

Surging demand for metals like copper, and cobalt for use in EVs promises to overturn balance of power between mining companies and their customers.

Pink diamond gets $32 million, Patek sets Asian record

The oval stone, set in a ring embellished with smaller diamonds, sold after a three-minute contest. It was estimated to sell for as much as $42 million.

Indonesia expects 2018 deal with Freeport on giant copper mine

Indonesia expects to conclude deal with Freeport-McMoRan Inc. by February that will see the U.S. miner shed its majority ownership of Grasberg mine.

Robots will run mines within the next decade, Anglo says

Anglo is betting on technology, such as computerized drills, to increase productivity, cut costs and reduce environmental impact.

Crystallex, Venezuela agree to settle $1.2 billion mine dispute

Crystallex International Corp. and Venezuela agreed to settle a $1.2 billion dispute over the 2011 nationalization of a gold deposit in the South American nation.

Gold CEO lashes out against his industry

“The one thing this industry does very well is mine gold at a loss,” Randgold Resources CEO Mark Bristow told analysts at a breakfast meeting on Friday.

Australia's energy guarantee could ‘decimate’ wind, solar: BNEF

National Energy Guarantee program could slash investment in wind and solar projects if Australian government fails to boost 2030 emissions-reduction target.

Glencore sees nickel in best shape in decade before EVs take off

Miner has one of biggest deficit outlooks on back of steel use; firm doesn’t expect material EV impact on nickel until 2020.

Money ‘tsunami’ may spur quadrupling of gold prices, McEwen says

According to the McEwen CEO, prices could surpass $5,000 an ounce in five years from about $1,280 now.

These doomsday preppers are starting to switch from gold to bitcoin

Doomsday preppers in North America bet on bitcoin; cryptocurrency is starting to impinge on gold's appeal.

Commodities facing another tough year in 2018, JPMorgan says

Overall commodity returns have been lackluster this year, and face more poor performance in 2018, according to JPMorgan Chase & Co.

Move over Chile, Macri's Argentina wants the mining limelight

Changing glacier law intensifies Argentina’s pro-mining agenda; pipeline of $20 billion beckons as nation bets on extraction.

BHP-Vale deal distances Brazil mine from $53bn in lawsuits

Miners' lawyers filed documents late Thursday requesting that the presiding judge suspend two civil suits from 2015 Samarco dam spill.

Mining's $45m man eyes an earth-shattering return

Former CEO of Xstrata Plc Mick Davis, who drew criticism for remuneration well above industry norms, now on shortlist for the next chair of Rio Tinto Plc.

South African communities to join mining charter review case

Lobby group is seeking judicial review of new Mining Charter, which places extra levies on companies and raises requirements for black ownership.

Frugal billionaire seen as tough negotiator for copper funds

Sebastian Pinera, front-runner in Sunday’s election, was so frugal with funding during first term that Codelco that company’s debt levels jumped 84 percent.

Mysterious gold trades of 4 million ounces spur price plunge

Friday on the Comex in New York, almost 40,000 contracts traded in a span of 10 minutes. That triggered a sell-off, sending prices down as much as 1 percent.

Canada’s ‘light touch’ on penny stocks draws ire as deal fails

Collapse of $750m mining deal sparks criticism that Canada needs heavier-handed approach to regulating venture market.

Russian fund plans a $1bn mining venture with China Gold

"We and China Gold will create an attractive financial platform that private investors can take part in and make money," said Alexey Chekunkov, head of fund.

Copper traders are making high-flying bets about the future of the metal

Call options wagering on copper climbing above $10,000 a metric ton by Dec 2018 have started trading during past two weeks, with $4.5m spent by traders.

Russia bets on hungry China with $6bn fertilizer mines

EuroChem Group AG spending over $6bn on two mines to produce potash, a mineral found deep in the Earth that’s prized for its ability as soil fertilizer.

A year after Trump's win, coal is still losing to renewables

It’s been a year since President Donald Trump’s election and his pledges to transform the energy markets haven’t exactly come to pass.

Glencore's big Congolese bet carries plenty of risk

Journalists shed more light on Glencore's activities in Congo, including 2009 loan to entity affiliated with controversial Israeli billionaire Dan Gertler.