India must stop building coal infrastructure and focus on renewable power generation to aid the global fight against climate change and lift its citizens out of poverty, United Nations Secretary-General Antonio Guterres said.
The nation, the biggest c…
India must give up coal in fight against climate change, UN chief says Read More »
Ghana’s main opposition candidate John Dramani Mahama has vowed to reverse the establishment of a gold royalty fund if he wins power in the country’s December vote. A plan to raise $500-million through an initial public offering of the fund next month …
Ghana’s main opposition will stop gold fund if it wins vote Read More »
Gold headed for a third weekly drop as investors weighed the impact of the Federal Reserve’s new approach to setting US monetary policy, with a more relaxed stance on inflation.
Chair Jerome Powell said that the Fed will seek inflation that averages 2…
Gold heads for third weekly decline as Powell’s speech assessed Read More »
Sasol, the fuel and chemicals maker, will shut its $13-billion Lake Charles Chemicals Project due to Hurricane Laura making landfall on the US Gulf Coast. “Given Hurricane Laura’s forecast path,” Sasol will temporarily close down its facilities at Lake…
Sasol shuts troubled Lake Charles plant as hurricane approaches Read More »
Russian diamond miner Alrosa joined rival De Beers in cutting prices for its gems, but with a twist — the company changed its billing system so buyers can’t tell which stones are discounted, or by how much.
The two biggest producers for months refuse…
Russian diamond giant follows De Beers with price cuts Read More »
Gold miners are widening their investment appeal as near-record bullion prices boost profits and dividends, according to the CEO of Gold Fields.
Gold Fields is adding more generalist investors as they search for yield amid low bond-market returns, Nic…
Gold Fields expects rewards from Buffett’s turn to gold miners Read More »
Zimbabwe’s second-largest diamond miner sees demand picking up, after the coronavirus pandemic forced RioZim to halt sales in March amid slumping gem prices. With jewelry stores closed, cutters and polishers stuck at home and global travel at a standst…
Zimbabwe diamond miner expects demand bounce after virus turmoil Read More »
Bobby Stevens’s backup plan for his backup plan encountered an obstacle a few months ago. In March the coronavirus pandemic closed the Kentucky government building where he was set to take his commercial driver’s license test, which he started studying…
Trump promised a coal comeback but America’s miners need an energy revolution Read More »
Gold’s record-setting rally is set to give wings to the largest initial share sale by an Indian jeweler, helping it overcome tumbling demand in the second-biggest consuming nation.
Kalyan Jewellers India said Monday it plans to raise as much as 17.5-b…
Gold’s rally to give way to biggest jeweller IPO in India Read More »
De Beers has finally decided to cut the price of its diamonds in a bid to spark sales after the coronavirus pandemic paralyzed the industry. De Beers, the world’s biggest producer, told customers that it is cutting prices for larger stones by almost 10…
De Beers cuts diamond prices after Covid-19 curbs demand Read More »
