EVs are more expensive than traditional cars—but not by much
An analysis from BloombergNEF found that “upfront cost parity” for US electric and internal combustion vehicles will arrive in 2024.
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Freeport to expand US copper mines as Biden moves to electrify the nation
Company could soon greenlight expansions at three mines in the US Southwest, adding more than 250 billion pounds of copper each year to US output.
World’s two largest asset managers have invested $170bn in coal
The figure pales in comparison to the $1 trillion in coal investments held by almost 4,500 institutions globally as of January this year.
African Gold SPAC to target ‘well-trodden’ mining countries
“We are the only Africa mining-focused SPAC amongst a sea of SPACs,” said Rob Hersov, the founder and chairman of the company.
Vale set to join peers in doling out more mining windfall
Bloomberg’s Dividend Forecasting team is projecting Vale will increase its payout to 2.697 reais a share from 1.41 reais in September.
Head of Nornickel’s Arctic processing plant placed under house arrest
A section of the plant collapsed on Feb. 20 killing three workers during renovation works.
Gold price extends decline on surging bond yields
Ten-year US Treasury yields climbed to the highest in a year on Thursday, making gold less competitive as it does not bear interest.
Aboriginal Australian group encouraged but wary of South32’s engagement
CEO Graham Kerr said the miner had increased its interactions with the Noongar people over the development of its Hotham bauxite mine.
KAZ sees earnings rise despite output dip
Company said copper output, which dipped to 306,000 tonnes in 2020 from 311,000 tonnes in 2019, was expected to slip further in 2021 to between 275,000 and 295,000 tonnes.