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

Macquarie becomes Australia’s No. 2 arranger after gold deal

9th October 2020 Macquarie Group has vaulted to second place for dealmaking in Australia and New Zealand after advising on gold miner Northern Star Resources’ acquisition of Saracen Mineral Holdings this week. The Australian investment bank’s market share rose to about 14.7% and surpassed rivals including UBS... 

Total adds fuel-cell truck maker to alternative energy bets

9th October 2020 Total is making an investment as part of a small funding round in US fuel-cell truck startup Hyzon Motors, an effort by the French oil giant to boost development of cleaner energy sources. The strategic investment was made by the company’s venture-capital arm, Total Carbon Neutrality Ventures,... 

Impala approached over stake in giant Zimbabwe platinum project

8th October 2020 The owners of a Russian-backed project to build Zimbabwe’s biggest platinum mine have held talks to sell a stake of at least 20% to Impala Platinum Holdings, according to people familiar with the matter. Great Dyke Investments views Impala as an attractive partner partly because the... 

Fossil fuel firms not doing enough on emissions, funds say

7th October 2020 None of Europe’s largest oil, gas and coal companies are on track to limit global warming to within 2 °C, according to a report by money managers overseeing more than $22-trillion. Energy and mining companies have been under increasing pressure, from both environmental groups and their own... 

Tesla is in talks with top miner BHP over nickel-supply pact

7th October 2020 Tesla is in talks with BHP Group on a nickel deal as the electric-car maker targets higher production and seeks to avoid a supply crunch, according to people familiar with the matter. Talks are held up on pricing, and no final agreement has been reached so far between the automaker and BHP, the... 

US takes stake in battery-metals firm to wean itself off China

5th October 2020 The US government has taken an equity stake in a battery-metals company in a move that undercuts dependence on China for a key material used in electric vehicles. TechMet received a $25-million investment from the US International Development Finance Corporation to help develop a Brazilian... 

UK's first new deep coal mine in three decades approved

5th October 2020 The UK's first new deep coal mine in three decades was approved on Friday, despite a government law to cut greenhouse gas emissions to net zero by mid-century. A meeting of Cumbria County Council in the northwest of England voted by 12 votes to three in favor of the Woodhouse Colliery, which... 

Ethiopia gold exports surge after crackdown on smuggling

2nd October 2020 Ethiopian gold exports surged after the central bank offered higher prices for the metal in a bid to curb smuggling and as part of wider efforts to spur investment in mining. Ethiopia’s gold industry is currently dominated by small-scale artisanal miners, but Newmont Corp and Australia’s Allied... 

Copper heads for biggest loss since March as growth worry mounts

2nd October 2020 Copper extended declines, heading for the biggest loss since March amid concerns over the pace of economic recovery as traders looked for signs of progress in US fiscal-stimulus talks. US manufacturing expanded in September by less than forecast, according to a report Thursday, while US initial... 

World's top copper mine risks closure from strike in Chile

2nd October 2020 Supervisors at Chile’s Escondida mine rejected the company’s final wage offer, moving them a step closer to a strike that could slow output at the world’s biggest copper operation. About 98% of members of the No. 2 supervisors union approved a strike in voting finalized Wednesday, the union... 

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