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Bloomberg

Death toll at Glencore’s mine puts spotlight on illegal mining

28th June 2019 The dozens of people killed in a landslide at Glencore’s mine in the Democratic Republic of Congo highlight a constant struggle in the industry: illegal mining. It’s the result of a harsh economic divide across Africa, home to some of the world’s richest reserves of metals and minerals and some... 

Gold set for best month since Brexit vote with G20 on horizon

28th June 2019 Gold is extending its rally to head for the biggest monthly climb since the UK voted to leave the European Union in June 2016. Prices have surged to the highest since 2013 on expectations for looser monetary policy, rising geopolitical tensions and slower global growth amid a prolonged US-China... 

Ignored by big banks, smaller gold miners are paying more to expand

28th June 2019 The cost of money is rising for small and mid-sized gold miners. Newmont Goldcorp and Barrick Gold, the biggest producers, have grown even bigger by buying up peers, shaping themselves as strong candidates for commercial bank lending. Meanwhile, smaller companies struggling to meet deadlines and... 

Trump makes his biggest move yet to try to save coal plants

28th June 2019 WASHINGTON – President Donald Trump is scaling back sweeping Obama-era curbs on greenhouse gas emissions from power plants burning coal, his biggest step yet to fulfill his campaign promise to stop a “war” on the fossil fuel. 

Platinum giants resist pay demands after hitting price jackpot

27th June 2019 The world’s biggest platinum producers face a dilemma: they’re reporting bumper profits just as they enter negotiations with labor unions over a three-year wage deal. That surge in earnings has been fueled by higher prices for palladium and rhodium, which are mined alongside platinum in South... 

Your diamond ring now comes with a resume and passport

27th June 2019 Ever wondered where that sparkly stone on your finger was dug up? Who polished it and where? The world’s top diamond producer wants to answer all your questions. Russia’s Alrosa PJSC is rolling out a program that will allow jewelry buyers to track their diamond’s history in detail, using an... 

Glencore says 19 people were killed in Congo mine collapse

27th June 2019 Glencore said at least 19 illegal miners were killed when part of a mine collapsed in the Democratic Republic of Congo. The workers entered the mine without permission and put their own lives at risk by digging at the Kamoto industrial site, one of the world’s biggest cobalt mines, Glencore said... 

Alcoa gets tough with union by threatening to idle Quebec plant

27th June 2019 After 18 months of often contentious labor talks with the United Steelworkers union at an aluminum smelter in Quebec, Alcoa has threatened to idle the entire facility if workers don’t sign what it’s calling a “final offer". Aluminerie de Bécancour, a joint venture in which Alcoa controls a 75%... 

People are dying from pollution in South Africa

27th June 2019 In Pullens Hope, your eyes itch and your nose clogs. It’s easy to figure out why. On the right side of the main street of the dilapidated village east of Johannesburg is a fenced-off electricity substation with a red sign warning of pollutants. On the left, a power plant belches emissions from... 

Alaska mine with $100bn lode to get lifeline from Trump EPA

26th June 2019 The Trump administration is throwing a lifeline to the massive Pebble mine planned near Alaska’s Bristol Bay, as regulators move toward undoing Obama-era environmental restrictions that have thwarted the project. The Environmental Protection Agency (EPA) will resume considering on Wednesday... 

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