Coal miners including Consol Energy and Contura Energy must shutter their operations in Pennsylvania after the governor ordered “non-life-sustaining” businesses to close.
The order took effect Thursday night, according to a statement from Governor Tom…
Pennsylvania coal mines must shut down, governor orders Read More »
Bullion got a reprieve Friday as the dollar halted its rally, although the metal remains poised for a back-to-back weekly loss. Gold headed for its biggest daily gain since March 3 and silver earlier jumped the most since 2014. Precious metals are rebo…
Gold pares weekly losses after weaker dollar brings relief Read More »
Now’s the time to buy gold, according to one of the world’s leading wealth managers, which flagged bullion’s prospects after the haven lost out to the dollar in recent weeks as the pandemic roils markets.
“When I think about what would I buy in the ri…
Buy gold ‘right here and now’, top wealth manager says Read More »
State-owned power utility Eskom has yet to agree a supply contract for the bulk of coal needed for its newest power station, more than a decade after approving a plan to negotiate with Anglo American. In 2007, an Eskom committee signed off on the start…
Eskom talks to get coal for Kusile plant drag on for 13 years Read More »
De Beers, already grappling with a prolonged industry crisis exacerbated by the coronavirus outbreak, now has another headache to contend with: how to conduct diamond sales when key customers are blocked from traveling?
Botswana, where De Beers conduc…
De Beers diamond buyers locked out in Botswana travel ban Read More »
Top lithium miners in Chile, the world´s No.2 producer of the ultralight battery metal, ramped up sanitary precautions at their Atacama salt flat mining operations to protect workers from the coronavirus outbreak, but said impact on output was minimal …
Chile lithium miners take coronavirus precautions, say impact on output minimal so far Read More »
Platinum and gold mines in South Africa, which together make up the world’s biggest precious metals industry, are gearing up to try and minimise a local outbreak of the coronavirus that could disrupt operations where hundreds of thousands of people wor…
World’s biggest precious metal industry readies for coronavirus Read More »
Precious metals took another beating on concerns that a wave of emergency stimulus measures by central banks won’t be enough to improve a rapidly deteriorating economic outlook. Gold, coming off the biggest weekly drop in almost four decades, extended …
Gold slumps and platinum falls by most ever amid hunt for cash Read More »
Eskom Holdings contracts with five international companies will be scrutinized by South African state investigators as part of a widening probe into graft at the debt-laden State-owned utility. The probe will review agreements with North American engin…
Eskom graft probe widens into contracts with global partners Read More »
Oil’s spectacular collapse deepened as widening global efforts to fight the spread of coronavirus were set to trigger the most severe contraction in annual oil demand in history. Futures tumbled by more than 6% after plunging by a quarter last week — …
Oil falls deeper into turmoil triggered by epic demand collapse Read More »
