Murray Energy swaps debt on heels of Trump plan to boost coal Most industry watchers forecast that U.S. coal demand will fall in coming years as more coal-fired power plants close. Bloomberg News | June 5, 2018 | 11:27 am
Canadian oil has record day after Enbridge scraps new rules Western Canadian Select jumped as much as $12.20 a barrel to $13.80 below the U.S. benchmark Monday, the narrowest spread since May 16. Bloomberg News | June 5, 2018 | 11:14 am
Chile’s SQM hires ex-chairman Ponce as adviser, government says SQM has retained former chairman Julio Ponce as an adviser despite an agreement to distance himself from the firm to end a long-running royalties dispute. Reuters | June 5, 2018 | 10:45 am
South Africa’s economy contracts most in nine years on mines The South African Reserve Bank forecasts the economy will expand 1.7 percent this year in 2019 and 2 percent in 2020. Bloomberg News | June 5, 2018 | 10:36 am
US lawmakers set bill seeking to control Trump on tariffs – key lawmaker Some Republican lawmakers warn that Trump could trigger a trade war that would destabilize the economy and ultimately hurt American workers. Reuters | June 5, 2018 | 10:27 am
South Africa’s Harmony Gold says to sell up to $99 mln of new shares The proceeds will be used to used to pay down part of Harmony Gold's outstanding $150 million bridge loan for the Moab Khotsong mine. Reuters | June 5, 2018 | 10:06 am
Canada vows to protect metals sector but resists call for quick action Canada retaliated against the latest punitive measures last week by proposing levies on C$16.6 billion worth of U.S. exports. Reuters | June 5, 2018 | 9:47 am
German battery maker Akasol plans Frankfurt listing in June The company is planning to sell new shares worth about 100-125 million euros ($117-$147 mln) in a deal valuing it at about 400-500 million euros. Reuters | June 5, 2018 | 9:36 am
Mexico hits back on US steel, slaps tariffs on pork, bourbon As of Tuesday, Mexico will impose tariffs of 15 percent to 25 percent on U.S. steel products. Reuters | June 5, 2018 | 9:25 am