China’s war on coal keeps fuelling prices recovery — up 30% since April
Beijing’s decision to ease production has sent coal prices soaring this summer.
Latest Stories
Bankrupt Peabody Energy seeks approval to pay $12M in bonuses
Coal miner Peabody Energy Corp, which filed for Chapter 11 bankruptcy protection in April,asked a bankruptcy court on Wednesday to let it pay up to US$11.9 million in incentives to its executive leadership team should the group meet certain performance targets.
Why buyers shunned the world’s largest diamond
The Lesedi diamond opened at $50 million and struggled from the start. Fifty-one million dollars, someone offered, and too long after that, $52 million. This was not the scenario that Lamb had imagined in his dreams.
Nuke the oilsands: Alberta’s narrowly cancelled plan to drill for oil with atomic weapons
Devised by California-based Richfield Oil Corporation, Project Oilsand was uncannily simple: Get an atomic bomb from the Americans and blow it up under Athabasca.
Vale looking to raise $10B through Chinese streaming deal
Vale (NYSE:VALE) is getting more creative in its debt-reduction plans, by bolstering cash flow through a metal streaming arrangement with Chinese companies.
Goldman Sachs: Copper price heading for $1.80
“Company guidance and our estimates suggest that copper is entering the eye of the supply storm.”
Glencore halts Zambia copper production after mine deaths
Mining giant rushes to upgrade facilities following underground accidents.
Gold and gold stocks bull analogs
Over the past two weeks the precious metals complex has retested its Brexit breakout and rebounded back to the July highs.
Gold price rally sparks $50 billion of commodity investments
New report shows commodity assets under management jumping to $235 billion, the best performance since 2009, largely due to physical gold ETF inflows.
