R/€ = 17.93 Change: 0.04
R/$ = 15.88 Change: 0.04
Au 1783.93 $/oz Change: 2.50
Pt 949.00 $/oz Change: 12.00


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

John Kerry says major climate focus must be on coal dependent nations

19th November 2021 Faster action is needed to move coal-dependent nations to less-polluting alternatives and keep global emissions reductions on track, according to US climate envoy John Kerry. “We have to start where the greatest amount of emissions are if we’re going to win the battle,” Kerry told the Bloomberg... 

Kabanga says Tanzania mine may answer Elon Musk’s nickel plea

19th November 2021 Kabanga Nickel is seeking to raise $1.3-billion for a massive mining project in Tanzania that the company says could help ease electric-vehicle manufacturers’ insatiable demand for nickel. “We are accelerating these kind of discussions as quickly as possible,” CEO Chris Showalter, a former... 

There’s two decades more demand for coal in Asia, exporter says

18th November 2021 Demand for coal will remain strong for at least two more decades even as nations take action to decarbonise, according to New Hope, a major Australian exporter. “Many communities, particularly the large cities of Asia, will require coal for affordable and accessible base load energy provided by... 

Vale courts Latin steel mills again as China infatuation fades

18th November 2021 Like its iron-ore rivals, Vale has understandably been obsessed with Chinese demand over the past two decades. Now the Brazilian miner is taking a fresh look in its own backyard. That’s because China is tapping the brakes on steelmaking in a bid to contain pollution and energy consumption. And... 

South Africa urges careful planning for end of coal

18th November 2021 South Africa’s energy department has said it will start preparing for the end of coal-for-power use in the country but cautioned that a retreat from the dirtiest fossil fuel must take account of the impact on the economy and the people who depend on it for a living. In a presentation to a small... 

Russia to review coal plans, mull carbon tax after Glasgow

17th November 2021 Russia will look to cut its ambitious goals for boosting coal production in the coming decade and consider imposing a carbon tax or other regulation in the wake of the deals reached by major powers at the COP26 summit in Glasgow. If approved, the moves could amount to a major shift in climate... 

Mantashe sued over plans to build new coal power plants

17th November 2021 South Africa’s energy regulator and energy minister have been sued by environmental activists over national plans to allow the construction of new coal-fired power plants. Plans for the construction of 1 500 megawatts of coal-fired generation capacity are included in the 2019 Integrated Resource... 

Green hydrogen could compete with gray in a decade, Engie says

17th November 2021 Green hydrogen, a clean energy source made from water and renewable power, could become competitive in a decade, according to French utility Engie. That relies on Europe setting up the necessary regulatory framework to drive up demand and slash costs, Sebastien Arbola, the company’s head of... 

New Zealand police find human remains 11 years after mine disaster

17th November 2021 Human remains have been discovered at the site of one of New Zealand’s worst mining disasters more than a decade after the explosion that trapped and killed 29 men. The remains of two bodies were identified after specialized cameras were fed into the Pike River coal mine through boreholes,... 

Copper settles down at last, a month after big squeeze

17th November 2021 A month after an unprecedented squeeze roiled the copper market, a short-term spread is back to normal levels as rising exchange inventories relieve the pressure on buyers. The spread between spot and three-month contracts on the London Metal Exchange eased to a $32.50-a-ton premium by Monday’s... 


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