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Bloomberg

Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.

Green economy faces challenge to replace carbon energy sources

19th November 2020 The march toward a greener global economy is headed into a more difficult second phase that will aim to replace carbon as an energy source, said panelists during the Bloomberg New Economy Forum. Companies including Honeywell International and Schneider Electricare offering solutions to reduce... 

Ghana denies interfering in gold fund probe after official quits

19th November 2020 Ghana’s government has denied interfering in a probe into the creation of a gold-royalties fund following the resignation of the special prosecutor who led the investigation. Special Prosecutor Martin Amidu resigned on November 16, citing interference following the conclusion of a corruption-risk... 

Keystone XL gets Indigenous investment with hopes to woo Biden

18th November 2020 Keystone XL is receiving an investment from Canadian indigenous groups in a deal that TC Energy hopes will help save its embattled oil pipeline project from being scrapped by US President-elect Joe Biden. Natural Law Energy, a group of five first nations in Alberta and Saskatchewan, will make an... 

Lundin Copper miners reject offer, opt to extend strike in Chile

18th November 2020 Workers at the Candelaria copper mine in Chile rejected owner Lundin Mining’s latest wage offer, extending a strike into a second month, according to a union leader. In voting Tuesday, 366 of the AOS union’s 500-plus members turned down the offer, AOS President Evelyn Walter said in a text... 

Billionaire Gertler buys royalty rights in Congo cobalt project

17th November 2020 A company controlled by Israeli billionaire Dan Gertler, who is under US sanctions for alleged corruption, bought rights from the Democratic Republic of Congo’s State mining company to royalties from one of the world’s largest cobalt projects. While the contract was published by the mining... 

Brazil to export uranium, cut fertiliser buying if mine proceeds

17th November 2020 A mining project seen as a priority by the Brazilian government would turn the nation into a uranium exporter and reduce its fertiliser import needs if it proceeds. Latin America’s largest economy, which currently imports uranium for its nuclear plants and ships in most of its fertiliser needs,... 

Zambia sees deal with Glencore over Mopani Copper within a month

16th November 2020 Zambia expects to conclude talks over buying Glencore’s stake in Mopani Copper Mines within a month, according to Barnaby Mulenga, permanent secretary in the Ministry of Mines. Mulenga declined to disclose the size of the stake that state-owned ZCCM Investments Holdings is trying to acquire.... 

Trump rushes environmental regulations that could handcuff Biden

16th November 2020 The Trump administration is rushing to issue permits, finalise major environmental regulations and even sell the rights to drill for oil in Alaskan wilderness before Inauguration Day in a push that could complicate Joe Biden’s climate and conservation agenda. The 11th-hour regulatory race... 

Stranded coal ships in crosshairs of China-Australia spat

13th November 2020 At least 20 giant bulk carriers are anchored off the Chinese port of Jingtang and unable to offload millions of tons of Australian coal, the latest casualty of the growing diplomatic row between Canberra and Beijing. Fifteen of the ships have been waiting since June, and the remainder have been... 

Zambia’s plan to sell billionaire’s mines stuck in legal mire

13th November 2020 Zambia’s plan to sell the copper mines it seized last year from-billionaire Anil Agarwal’s Vedanta Resources is bogged down in legal challenges that are discouraging buyers. Arbitration between Vedanta and Zambia will proceed in London in January, after the government alleged the company lied... 

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