R/€ = 17.96 Change: 0.00
R/$ = 15.91 Change: 0.01
Au 1783.20 $/oz Change: 1.77
Pt 957.50 $/oz Change: 20.50


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

Meet the metals hunter who wants to make it big in Ecuador

25th October 2021 Mining industry veteran Malcolm Norris says he’s struck upon a gold-copper resource in northern Ecuador that may make the world’s resources giants sit up and take notice. Norris has seen a surge in interest from institutional investors in the El Palmar project since his exploration company... 

Gold’s inflation-haven appeal means 'voilent' run-up may be ahead

25th October 2021 One after another, commodities from aluminum to natural gas have surged as pandemic aftershocks rattle supply chains. Gold could be next, although for very different reasons. That’s the view of two of the biggest names in Canadian mining -- the former chiefs of Goldcorp, David Garofalo and Rob... 

Polish miners take to Luxembourg streets in mine closure protest

22nd October 2021 A group of about 2 000 Polish miners has traveled more than 800 km to Luxembourg to protest against the decision of the European Court of Justice to halt production at their lignite mine. The Friday demonstration, heavily guarded by the Luxembourg and Belgian police, comes five months after the... 

Metals rebound as world's energy crisis keeps roiling the market

22nd October 2021 Base metals were mostly higher, paring a weekly slump, as the global energy crisis kept roiling the energy-intensive sector. The global energy shortage, fueled by record coal and gas costs, has forced metal output cuts from China to Europe, depleting inventories. Freeport-McMoRan, the world’s... 

Australian coal giant turns China ban into a win with shipments from US

22nd October 2021 China’s ban on Australian coal imports has proved a boon for Sydney-listed Coronado Global Resources, one of the world’s top producers of the metallurgical variety that’s key to steelmaking. With mines from the Appalachian mountains in the US to Australia’s Bowen Basin, geographical diversity... 

Coal and iron pile up in South Africa on rail constraints

21st October 2021 Kumba Iron Ore’s struggle in getting supplies to ports is further highlighting the constraints South Africa faces in exporting key commodities including coal. The continent’s top iron ore producer said its premium steelmaking material is being held up at mines in South Africa’s Northern Cape... 

China power crisis boosts coal imports from Indonesia to record

21st October 2021 Indonesia is now overwhelmingly China’s biggest overseas supplier of coal, with shipments hitting a record last month after Beijing loosened curbs on imports to tackle its power crisis. Cargoes of coking, thermal and brown coal from the Southeast Asian nation surpassed 21 million tons in... 

Zimbabwe’s power utility to finish new coal-fired units in 2022

20th October 2021 Zimbabwe’s State-owned power utility expects to complete the addition of coal-fired units next year, bucking a global trend to reduce reliance on the fossil fuel. The $1.5-billion expansion by Zimbabwe Power Company and China’s Sinohydro will finish one unit next year in September and another in... 

Family who exited De Beers for $5bn seeks out Asia’s rich

20th October 2021 The family office for Nicky Oppenheimer and his son Jonathan has set up an outpost in Singapore to boost its Asia exposure and partner with the region’s wealthy. Edoardo Collevecchio, the former chief of staff for Oppenheimer Generations, is moving from London to build and lead its team in... 

Coal tops $300/t China as cold wave adds to energy crisis

19th October 2021 Coal futures in China surged to another record to put a previously unthinkable level of 2 000 yuan ($311) a ton in sight, as a cold blast adds to the country’s energy crisis. Cool weather has descended on eastern China, sparking an early start to the winter heating season in some areas. That’s... 


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