R/€ = 18.43 Change: 0.00
R/$ = 15.19 Change: -0.02
Au 1836.50 $/oz Change: -4.10
Pt 1062.46 $/oz Change: 37.59


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

IEA cuts oil-demand outlook as vaccines won’t rescue market soon

12th November 2020 The International Energy Agency (IEA) cut forecasts for global oil demand amid new lockdown measures and cautioned that the vaccine breakthrough won’t quickly revive markets. While crude prices rallied to a 10-week high above $45 this week on news of Pfizer Inc.’s progress, fuel use won’t... 

Newmont leads ESG ranking of mining companies with Rio last

12th November 2020 With heavy industries in a race to prove their environmental and social credentials to increasingly demanding investors, mining took a small step backward last quarter. ESG perceptions of mining deteriorated slightly, with the most negativity coming from community relations and human rights,... 

Zimbabwe under investor pressure to end gold sales monopoly

12th November 2020 Gold mining investors are pressuring Zimbabwe to change a law forcing producers to sell their output to the central bank, which part pays them in local currency that’s worthless outside the country. That law is making it hard to raise capital for investment projects, according to B2Gold Corp. and... 

The plan for green gold from Iceland

12th November 2020 Canadian explorer St-Georges Eco-Mining wants to revive Iceland’s long-dormant gold mining industry by drawing on the Nordic nation’s abundance of renewable energy. The Montreal-based miner finished drilling a 124-meter-deep hole in Thormodsdalur, outside Reykjavik, in September and may publish... 

Nigerian billionaire plans to dig platinum mine in Zimbabwe

11th November 2020 Bravura Holdings, owned by Nigerian billionaire Benedict Peters, has $1-billion available for the development of a platinum mine in Zimbabwe, its country manager said. The 3 000 ha concession where it plans to dig the mine is in Selous, 80 km south of Zimbabwe’s capital Harare and close to... 

Trump removes head of climate office whose report he rejected

10th November 2020 The Trump administration abruptly removed a top official charting the US government’s research on global warming, just as his agency began writing the next climate report card. Mike Kuperberg, a Department of Energy employee who has for years led the US Global Change Research Program, was... 

Japan eyes replacing oil with hydrogen amid carbon neutral push

9th November 2020 Tucked into a port in western Japan sits a spherical tank that may soon hold the country’s energy future. The import terminal in the city of Kobe, is slated to get its debut hydrogen shipment in March. Over the next 30 years deliveries of the zero-emission fuel are expected to ramp up... 

How Biden’s win affects commodities hit by trade wars, tariffs

9th November 2020 It’s been a tumultuous four years for US commodity industries that found themselves a key focus of the White House through its aggressive trade policy agenda. From steel and aluminum tariffs to grain subsidies to boosting exports of liquefied natural gas, very few corners of the global... 

Biden win may curb US oil drilling, super-charge renewables

9th November 2020 Biden’s victory could end up reshaping the US energy sector in years to come, although the President-elect may have limited room to maneuver given that control of the Senate remains unclear. The President-elect has pledged to spend trillions of dollars to speed up the transition from fossil... 

Gold heads for biggest weekly gain since July on stimulus hopes

6th November 2020 Gold headed for the biggest weekly gain in more than three months as investors awaited the the final outcome of the US election amid the prospect of further stimulus. President Donald Trump questioned the credibility of the US election, complaining that public polls had overstated Joe Biden’s... 


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