Norway’s KLP fund cuts coal exposure
Norwegian pension fund manager KLP has sold $366m of bond and equity exposure in 46 companies, including leading miners BHP and Anglo American.
Latest Stories
Chile copper mine production slides in first quarter – Cochilco
Cochilco said world top copper miner Codelco saw output drop 17 percent from the same period in 2018 to 371,000 tonnes.
IAMGOLD stock sinks over 12% as Q1 results fall short
The Toronto-based gold miner reported an adjusted net loss of $2.2m, or roughly $0 per share, falling short of analysts' expectations of $0.01 per share.
Gold imports by India are said to have jumped ahead of festival
Inbound shipments grew to 121 tons last month from 52.8 tons a year earlier.
Norway is using its wealth to lead an exodus from coal
A law set to pass in June will see the Norwegian Oil Fund divest more from coal, and invest over $20B in renewable energy.
ArcelorMittal to cut iron ore output, slash jobs in Bosnia
Output will be reduced by a third to 1 million tonnes and the job cuts will be carried out from September.
Gold glitters in India during key festival as prices dip
A rise in consumption by the world's second-biggest gold consumer could help global prices which are currently hovering near a 4-month low.
Iron ore tugged between Brazilian supply shock, Trump’s trade war
Brazil shipped 18.34 million tonnes of iron ore in April, down 17% from the prior month and a massive 29% from the same month a year earlier.
BHP hit by $5 billion lawsuit over 2015 dam failure in Brazil
The group action suit describes in detail a series of failures and errors of judgment over several years leading to the collapse of the Fundão tailings dam in 2015, owned by the Samarco joint venture between BHP and Vale.
