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Bloomberg

Bill Gates-led fund invests in making lithium mining more sustainable

20th February 2020 Breakthrough Energy Ventures, helmed by Bill Gates, and MIT’s The Engine fund are leading an investment round of $20-million for Lilac Solutions, a US startup aimed at making the extraction of lithium less water-intensive and more sustainable. As the world looks to cut carbon emissions, people... 

China boosts first batch rare-earth mining quota for 2020

19th February 2020 The coronoavirus outbreak isn’t damping appetite for rare-earth minerals in China. The country has increased the first batch of mining quotas for the strategic materials used in everything from electric vehicles to military hardware. The quota for six dominant producers, including China Northern... 

South Africa's permission for ACWA plant expires, lawyers say

19th February 2020 ACWA Power has been informed by the South African government that its environmental authorisation to build a 306 MW coal-fired power plant in the country has expired, according to lawyers opposing the project. The authorisation for the Khanyisa coal-fired plant lapsed on October 31, 2018, and the... 

Gold tops $1 600 as virus fuels growth fears

19th February 2020 Gold traded near the highest level since 2013 on concerns over the spread of the new coronavirus and how it’s impacting global growth. Palladium topped $2 700/oz as it continued its record-breaking rally. Bullion steadied after surging 1.3% Tuesday’s as Apple’s warning that the virus and efforts... 

South Africa’s ‘Energy War Room’ to meet for first time

18th February 2020 South Africa’s Energy War Room, a grouping of the main cabinet ministers responsible for the power industry, will meet for the first time this week since being reconstituted by President Cyril Ramaphosa in December as the country battles an electricity crisis that’s stalling economic growth. The... 

Billionaire Sawiris hopes to join Egypt gold rush as rules eased

18th February 2020 One of Egypt’s richest men has long coveted a role in his nation’s gold-mining industry. Now, a shakeup in regulations and a potential auction of new licenses could give Naguib Sawiris a shining opportunity. The Egyptian government “already started talks with us as well as other companies to... 

The top miner’s vision of the future looks a lot like the past

18th February 2020 BHP’s new top executive has a plan to prosper in a world that’s accelerating efforts to cut greenhouse gas emissions – double down on the raw materials that’ve been key through its near 170-year history. The world’s top miner, with roots in a 19th Century tin mine, plans to add more copper and... 

Polish miners' strike may hit the wall as coal is on the way out

18th February 2020 Polish coal miners planning a protest in Warsaw later this month may find it more difficult than ever to secure their pay hike demands. The workers, whose strong negotiating position harks back to the Solidarity union’s emblematic fight against communism, have so far seen most of their... 

Egypt eyes gold rush with fresh exploration tender by March

17th February 2020 Egypt will invite international gold-mining companies to take part in a new exploration tender after the North African country eased the rules to woo investors, according to a person familiar with the matter. The tender will be announced by early March, said the person, who asked not to be... 

Rail blockades force Trudeau to scrap UN lobbying push

17th February 2020 Justin Trudeau abandoned a trip to the Caribbean to deal with indigenous-rights protests that have crippled Canada’s railways. The prime minister, who traveled to Ethiopia and Senegal last week hoping to persuade African leaders to back his push for a United Nations Security Council seat, said... 

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