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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.

White House considers methane-busting vow before climate summit

16th April 2021 The Biden administration is considering singling out methane for significant reductions as part of a pledge to cut greenhouse gases in advance of a climate summit next week, according to two people familiar with the matter. President Joe Biden is already expected to unveil an ambitious goal for... 

Peru candidate seeks bigger cut from mining, not State control

16th April 2021 The first-round winner of Peru’s Presidential election wants to renegotiate contracts with mining companies rather than seize assets, a party official said. While Free Peru’s official political platform mentions taking control of natural resources, its candidate Pedro Castillo isn’t looking to... 

Skyrocketing metal prices threaten to hinder EV affordability

14th April 2021 A surge in demand for electric vehicles is sending the price of raw materials soaring, threatening to slow the push toward making cheaper batteries that are key to more widespread adoption. Lithium, the mainstay for rechargeable power packs used in EVs, is roaring back after a three-year slump... 

Billionaire miner sees copper as a national security issue

14th April 2021 Copper is so crucial in electrifying the global economy that finding enough of it has become a national security issue, according to mining magnate Robert Friedland. Mining companies will have to be “real heroes” and governments will have to accept the industry if the world is to successfully... 

Giant copper mines start to get serious about green hydrogen

13th April 2021 All the talk about how green hydrogen will help heavy industries kick their fossil fuel habit is starting to turn into action in the biggest copper-producing nation. An Anglo American pilot project has been supplying the clean gas to a forklift at a waste facility in Chile for the past two... 

House GOP planning climate package to counter Democrats

9th April 2021 House Republicans plan to unveil their own plan to fight climate change later this month, according to three people familiar with the matter, a reflection of the pressure on the party to come up with solutions to a problem it had previously denied or ignored. The legislative package, being... 

Russian tycoon Komarov eyes precious metals after pipes sale

8th April 2021 Russian tycoon Andrey Komarov is setting his sights on precious metals mining after selling ChelPipe, the pipe maker that made him a billionaire. Komarov is in talks to purchase the Kumroch gold deposit in Russia’s Far East from billionaire Viktor Vekselberg’s Zoloto Kamchatki, according to... 

Top copper miner is boosting output amid a Covid surge in Chile

8th April 2021 Codelco, the world’s biggest copper producer, has some calming words for traders concerned that a Covid-19 resurgence in Chile will disrupt supply of the metal. “Definitely not,” chairman Juan Benavides said when asked if a tightening of restrictions this week would interrupt the company’s... 

Rio Tinto South African project in limbo on security concerns

7th April 2021 Rio Tinto Group’s new $463-million mining project in South Africa will remain on hold until the security problems that halted work two years ago are resolved. Richards Bay Minerals, the South African unit of Rio Tinto, is in talks with the country’s authorities to permanently address violent... 

Old Mutual Fund says South Africa needs gas as a transition fuel

6th April 2021 A key funder of South Africa’s renewable energy drive is backing natural gas as the fuel needed to help the country bridge the transition from coal power generation to the use of wind and solar. Old Mutual Ltd.’s African Infrastructure Investment Managers will consider funding companies that... 

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