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

Tanzania finalising permit for its first rare-earth metals mine

5th November 2020 Tanzania is in the final stages of approving a permit for the country’s first rare earths mine to Australian company Peak Resources as the government seeks a bigger share of revenue from natural resources. The State is also finalising a gold-mining license for another Australian company, OreCorp... 

Gold gains, copper slips with Biden expected to clinch victory

5th November 2020 Gold climbed over $1 900 and copper fell as investors awaited the final outcome of the US Presidential election, with Joe Biden on the brink of taking the White House from Donald Trump, but Republicans likely to maintain their hold on the Senate. The still-unresolved outcome -- due to an... 

Germany examines ammonia to deliver green fuel for industry

5th November 2020 Germany is looking at using ammonia and methanol as ways to deliver hydrogen as a clean-burning fuel for industry, part of its effort to make Europe’s biggest economy climate-neutral by 2050. The government is financing a feasibility study to evaluate ways of transporting hydrogen and is focusing... 

US exits Paris climate pact with election outcome uncertain

4th November 2020 The US has officially become the first nation to quit the Paris climate agreement, even as the outcome of the country’s presidential race remains undetermined. President Donald Trump, who’s fighting for re-election, moved to withdraw from the landmark environmental accord exactly one year ago,... 

Oil and gold brace for volatility as voting wraps up across US

4th November 2020 Commodity traders steadied themselves for a potentially wild ride as voting wrapped up across the eastern US in a historic year that’s seen more than nine-million Americans infected by the coronavirus, a crash in global demand for goods and sub-zero oil prices. Oil in New York rose more than 2%... 

The day is here, and climate change is on the ballot

3rd November 2020 Election day in the US is finally here. The contrast between the presidential candidates could not be greater and there is no issue that makes that clearer than climate change. Democratic Presidential candidate Joe Biden has called it an “existential threat” while President Donald Trump has... 

Top mining dealmaker says takeovers all talk until recovery

3rd November 2020 Miners are engaging in plenty of takeover talks despite a tepid year for acquisitions, but few deals will get done without greater clarity on the economy and an ebbing of Covid-19, said the industry’s top dealmaker. “There’s lots of conversations going on, lots of people exploring new ways to... 

‘Hydrogen wars’ pit Europe vs China for $700bn business

2nd November 2020 Niels-Arne Baden has a problem: the factory he’s building for Green Hydrogen Systems is too small. Plans for the Denmark site to be one of the largest for assembling the machines that make hydrogen from electricity were finalized about a year ago. But demand for those electrolyzers is growing so... 

Election will decide fate of Alaska gold mine, shift to e-cars

29th October 2020 Oil drilling in the Arctic and the Pebble gold mine in Alaska aren’t actually on the ballot -- but they might as well be. The controversial projects are hanging in the balance of the presidential election, with Joe Biden’s vow to scuttle them. And dozens of other oil, gas and mining ventures... 

One by one, London’s boom-time miners are heading for the exit

29th October 2020 KAZ Minerals looks set to end its 15-year London listing after the Kazakh copper miner’s biggest shareholder offered to take it private. The reason: irreconcilable differences with the market. It’s not the first to reach that conclusion. 

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