August 12, 2022

Obama ban on coal leasing on public lands reinstated by judge

The ruling reinstates a 2016 order by then-Interior Secretary Sally Jewell banning coal leasing on federal lands.

August 12, 2022

Five Chinese state-owned companies, under scrutiny in US, will delist from NYSE

Oil giant Sinopec, Aluminium Corporation of China PetroChina and Sinopec Shanghai Petrochemical said they would apply to delist their American Depository Shares this month. 

August 12, 2022

Ex-platinum partners fund manager guilty in $70 million fraud

Daniel Small was accused of conspiring with Mark Nordlicht, Platinum’s co-founder, in a scheme to defraud bondholders of Black Elk Energy Offshore LLC of the proceeds of a lucrative asset…

August 12, 2022

Gold price set for fourth weekly gain amid easing inflation, Fed speak

The precious metal has now rebounded more than 6% from a low in mid-July on a combination of fears of a global recession and heightened US-China tensions over Taiwan.

August 12, 2022

Risk-on rally pushes copper price towards a 3% weekly gain

Data showed that euro zone industrial production grew three times more than expected in June.

August 12, 2022

Scientists figure out how to produce extraterrestrial cement

Researchers at the University of Delaware are exploring ways to use materials from the moon or Mars as the basis for extraterrestrial cement, which would be used for buildings, housing,…

August 11, 2022

Gold price slips as traders weigh Fed rate path over easing inflation

Gold gave up early gains as traders assessed the Federal Reserve’s path of monetary tightening after another report showed US inflation easing.

August 11, 2022

Sibanye Stillwater CEO says market conditions not ideal for gold M&A

Neal Froneman, who has urged gold miners to consolidate, said "the market is just not conducive at this stage to doing value-accretive transactions."

August 11, 2022

Copper price near 6-week high on softer than expected US inflation

US consumer prices did not rise in July compared with economists' expectation of a 0.2% gain.

August 11, 2022

Miners face supply chain overhaul to meet US EV credit deadline

To win the full credit, EV makers have to source in 2023 at least two-fifths of battery materials from the US or free trade agreement partners such as Canada, Chile…