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Bloomberg
Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.
US redoubles efforts to end dependence on Russian nuclear fuel
29th September 2022 The Biden administration’s top energy official said the US will redouble its efforts to break free from its reliance on Russian nuclear fuel. Secretary of Energy Jennifer Granholm said the White House is prioritising development of domestic uranium-enrichment capacity and predicted key... →
Top coal miners consider bids for South African renewables firm
29th September 2022 Exxaro Resources and Thungela Resources, South Africa’s two largest coal miners, are considering bids for Actis’ BTE Renewables, according to people with knowledge of the matter. Chinese firms are also interested in acquiring the assets, said the people who asked not to be identified as the... →
Top miners teaming up in bid to wean themselves off dirty trucks
29th September 2022 Members of the International Council on Mining and Metals are planning a joint effort to test hydrogen and other zero-emission technologies in a bid to shift away from diesel-fueled vehicles. Members, which include producers BHP Group and Glencore, are pitching sites to pilot technologies... →
Nutrien sees supply chaos adding to world’s food security woes
28th September 2022 The world’s top fertiliser maker says Russia’s war in Ukraine is driving supply disruptions in nitrogen and potash markets and exacerbating concerns of global food shortages. Challenges of shipping food and fertilizer from Russia are expected to persist, Nutrien CEO Ken Seitz said in an... →
Anglo Coal spinoff looks cheap against peers after 1 300% surge
28th September 2022 Thungela Resources has soared more than 1 300% since the South African coal miner was carved out of Anglo American Plc last year. But despite this scorching rally, investors value the stock at a discount to worldwide peers, whose reserves of the fuel may last longer. Thungela’s shares trade at... →
China’s $30bn coal investment may be wasteful climate risk
28th September 2022 Increased spending this year on coal power and steel production threatens China’s climate goals and could end up as wasted investment, according to clean air campaigners. An acceleration in approvals in the first half of 2022, representing as much as 230-billion yuan ($32-billion) in investment,... →
BHP sees Chile uncertainties easing in investment climate boost
28th September 2022 Chilean regulatory uncertainties that have held up some investments in the biggest copper-producing nation are dissipating, according to top mining company BHP Group. In a referendum earlier this month, Chileans overwhelmingly rejected a proposed new constitution, while authorities are showing... →
Rio warns miners not moving fast enough on lithium extraction
28th September 2022 Planned lithium production will fail to meet growth in demand for lithium ion batteries that are needed to meet global climate goals, according to Rio Tinto ’s minerals chief. Lithium consumption needed “to surge way above anything that’s planned to be mined,” Sinead Kaufman told a conference in... →
Germany, France in climate deal loan talks with South Africa
27th September 2022 Germany and France are in talks with South Africa’s National Treasury over about €600-million to help it transition away from the use of coal. The loans may form the first part of $8.5 billion in financing offered to the country during last November’s global climate summit. The money will go some... →
Manchin’s energy-permit Bill gets backing of US Chamber, with changes
27th September 2022 The US Chamber of Congress is lobbying Congress for passage of Senator Joe Manchin’s bill that would make it easier to obtain permits for energy-related projects, while saying some changes are needed. The powerful business group encouraged the Senate to include the measure, as promised by Senate... →
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