June 17, 2020

Energy demand growth was slowing before covid-19, says BP

The oil major’s annual Statistical Review showed that growth in primary energy consumption slowed to 1.3% in 2019.

June 16, 2020

Tesla strikes deal to buy cobalt from Glencore for EV plants

The deal could involve Glencore supplying as much as 6,000 tonnes of the metal a year for lithium-ion batteries.

June 15, 2020

Gold and iron ore are doing equally well. Their miners are not

Shares in Rio Tinto are down 4.8% so far this year. Stock in BHP is down 9.6%.

June 15, 2020

Charging points surge ahead of electric car boom

The number of publicly accessible charging points for electric vehicles (EV) jumped 60% in 2019.

June 15, 2020

Nornickel board backs creating sustainable development role

The board of the company has recommended creating a position of senior vice-president for sustainable development.

June 14, 2020

Russia’s gold mine production growth to overtake China’s by 2029 – report

Fitch Solutions predicts that Russia’s gold production will grow from 11.3moz in 2020 to 15.5moz in 2029.

June 14, 2020

Fuel spill in Siberia to cost Nornickel over $150 million

The company said that besides clean-up costs, it will have to deal with environmental penalties.

June 12, 2020

Top miners in good position to weather covid-19 – report

PwC forecasts that miners will take a hit to EBITDA of approximately 6% in 2020.

June 12, 2020

Banks moved gold trading from New York to London, LBMA says

London, which has historically been the main hub for trading in spot gold, also saw volumes of swaps and forwards increase.

June 12, 2020

ABB, Zijin join forces at Serbia copper mine

The Swiss-Swedish multinational corporation will assist the Chinese giant in a €200-million modernization project of the Veliki Krivelj copper mine.