Bloomberg News

World's largest iron ore port expects higher exports post Vale

With a market facing a global deficit, the world’s biggest iron ore export port is flagging a timely boost in shipments as Fortescue and rivals bring on new mines in Australia’s Pilbara region.

Tesla boom lifts Norway's electric car sales to record market share

Almost 60% of all new cars sold in Norway in March were fully electric, a global record as the country seeks to end fossil-fueled vehicles sales by 2025.

Gold bugs with 'FOMO' ditch largest ETF to get in on stock rally

Investors are yanking money out of gold exchange-traded funds as hints of improving global growth and surging stocks lure them into riskier assets.

MMG joins Glencore, ERG reviewing Congo plans after tax hike

Congo collected $1.57 billion of revenue from mining companies last year, almost double the previous year, mostly in profit tax and royalties.

Saudi Arabia's gold miner plans to be a global top-20 supplier

Saudi Arabian Mining Co. plans to boost gold output from about 415,000 ounces this year to one million by 2025.

Iron ore thunders higher as mine dams closed, exports collapse

Futures topped $90 a tonne on Wednesday amid increasing concern the crisis at Brazil’s Vale SA will be drawn out as regulators ordered dozens of dams to be shut.

Diamond trading on the open exchange moves closer

The U.K.’s financial regulator has authorized U2 Diamond Prices Ltd. as a benchmark administrator, joining firms such as FTSE International Ltd. and ICE Benchmark Administration Ltd.

Wildcatters of the prairies get big boost from Alberta oil cuts

One group of Canadian oil producers is gaining from the output cuts imposed by Alberta: the small explorers.

Plan to mine the moon gives Australia opening in new space era

Australia is joining the growing number of nations looking to compete in space. Its advantage? Half the country already looks like Mars.

Commodities' best quarter since 2016 is tough act to follow

Commodities had their best quarter in almost three years, but demand outlook is running into troubling signs in the U.S. and China, the two biggest consumers.

AngloGold to comply with South Africa mining rights directive

The world’s No. 3. gold producer may have contravened black economic empowerment rules tied to its mining rights when it awarded a 4.5 percent stake to employees instead of 6 percent.

How to survive mining slump? One gold company is turning to hemp

The company, which is based in Toronto, sees “tremendous growth potential lying ahead.”

Told-you-so rout hammers palladium in worst week since 2016

The metal hit an all-time high on March 21 after a massive rally that spurred predictions a reversal was inevitable.

Russia is stocking up on gold as Putin ditches U.S. dollars

Within the span of a decade, the country quadrupled its bullion reserves, and 2018 marked the most ambitious year yet.

South African mining charter challenge dents Ramaphosa plans

South African mining companies are challenging parts of a government charter aimed at redistributing the country’s mineral wealth, saying it will deter new investment in the industry.

BHP is said to weigh bid for Blackstone-backed Bluewater

The Bluewater business, which is also attracting interest from closely held Fieldwood Energy LLC, is focused on deep-water exploration in the Gulf of Mexico and could fetch about $1.5 billion to $2 billion in a sale.

Commodity traders say more needs to be done to promote women

Women account for less than 5% of senior management at top trading houses, Bloomberg reported last year, and companies are under pressure to improve gender parity.

Jamaica's mining revival turns red earth to gold for hedge funds

Investors are benefiting from a panicked realization across the aluminum industry that the supply chain is fragile.

ENRC sues U.K. fraud cops as corruption charges loom

The lawsuit is the latest escalation of a public battle between ENRC and the white-collar crime prosecutors that has been in and out of the courts since at least 2014.

Bell tolls for gold mine that once powered South African economy

Sibanye Gold Ltd. has decided that it won’t extend the life of Driefontein, once the biggest mine on the continent.

Newmont's Goldcorp deal wins support of Paulson, VanEck, ISS

After promising to sweeten the pot with the largest dividend in 32 years, Newmont has won over two of its biggest investors to the merits of a $10B merger with Goldcorp.

SNC Lavalin 'appalled and surprised' as Codelco cancels $260m contract

SNC says it had recently updated Codelco on the status of the project, including what it called delays "that were the responsibility of Codelco."

Argentina mining gets Macri boost as tough election looms

Argentina is eyeing its first major new mining project in two decades, nudged forward by President Mauricio Macri’s market-oriented policies.

EPA chief recused from Bristol Bay mine his former law firm represented

EPA Administrator Andrew Wheeler has promised to steer clear of matters involving the controversial Pebble Mine, which his former employer Faegre Baker Daniels LLP had represented.

VanEck shares Paulson's concerns on Newmont-Goldcorp merger

Mounting investor concerns sent Goldcorp shares tumbling in New York.