June 21, 2022

Switzerland imports Russian gold for first time since war

Switzerland received 3.1 tonnes of gold worth around $200 million from Russia in May, accounting for around 2-3% of its total gold imports.

June 21, 2022

EU leaders to keep sanction pressure on Russia, gold flagged as new target

European Union leaders are set to keep pressure high on Russia at a summit this week when they will underline that work continues on sanctions.

June 21, 2022

Glencore unit pleads guilty to bribery in Africa

Glencore Energy admitted to paying more than $28 million in bribes to secure preferential access to oil in five countries.

June 20, 2022

China’s alumina exports soar to fill Russian shortages

The 190,000 tons shipped in May brings the year-to-date figure to 380,000 tons, nearly 1,000% higher than the same period in 2021.

June 20, 2022

Austria returns to coal era in hedge against Russian power play

State-controlled Verbund, Austria’s biggest utility and most valuable company, was ordered late Sunday to prepare its mothballed Mellach coal-fired station for operation.

June 19, 2022

Germany is taking steps to bolster gas supplies, Habeck says

The German government is preparing to fire up more coal plants to keep the use of gas at a minimum.

June 19, 2022

War derails plan to ditch coal after UK championed global cuts

The UK aims to keep a reserve of coal-fired plants available this winter rather than shutting almost all of them as planned

June 19, 2022

New mapping method may lead to discovery of new geothermal energy, green metal resources

Researchers at the University of Twente developed a new method to analyze the earth's continental crust.

June 17, 2022

Oil producers are planning the world’s biggest floating wind farm

The companies are looking at options to build a 1-gigawatt wind farm to power operations in the Troll and Oseberg oil and gas fields in the North Sea.

June 17, 2022

Nickel chaos prompts LME to force disclosure of off-exchange trades

The world’s biggest base-metals bourse will require members to disclose all over-the-counter positions of their clients on a weekly basis starting on July 18.