Eskom Holdings’ bonds, rated deep junk, are the gift that keeps on giving. The securities yield more than the government’s debt, yet are backed by a guarantee that kicks in before a default is even on the horizon. The yield premium on Eskom’s rand bond…
How Eskom’s ironclad government guarantee works Read More »
Global greenhouse-gas pollution rose for a second year, ending a lull in emissions and putting the world on track for further increases through 2040 unless governments take radical action. The findings in the International Energy Agency’s annual report…
Global pollution is rising again and won’t peak before 2040 Read More »
Anglo American dropped another hint that its days of mining the world’s most polluting fuel are limited. In a slew of presentations released for an investor visit to Anglo assets in Australia, thermal coal was noticeably absent from a list of units see…
Another big mining company hints at a coal-free future Read More »
Considering that South Africa’s debt-stricken and loss-making state power utility poses the biggest risk to the economy, appointing a permanent chief executive officer to turn it around is widely seen as a top priority for President Cyril Ramaphosa’s a…
Eskom left in limbo as South Africa stalls appointment of CEO Read More »
Impala Platinum Holdings is in talks to buy land in Zimbabwe from rival Anglo American Platinum as the world’s second-biggest producer of the precious metal seeks to boost output from the southern African country, according to people familiar with the …
Impala’s Zimbabwe mine is said to be in talks on Amplats land Read More »
Gold Fields said the turnaround of South Deep opens the way for the company to do a deal at its last South African mine. The company would consider different “corporate structures” for South Deep, after it returned to profit in 2019 following more than…
Gold Fields says South Africa mine turnaround opens way for deal Read More »
Gold Fields said the turnaround of South Deep opens the way for the company to do a deal at its last South African mine. The company would consider different “corporate structures” for South Deep, after it returned to profit in 2019 following more than…
Gold Fields says South Africa mine turnaround opens way for deal Read More »
As coal prices tumble and bankruptcies rise, two leading US miners are pushing ahead with plans to expand.
Arch Coal and Consol Energy remain on track to open new mines to dig steelmaking, or metallurgical, coal from the West Virginia hills. It comes …
US coal producers plow ahead with new mines as market slumps Read More »
China set its annual rare-earth mining quota at the highest on record as domestic demand for the strategic materials, used in everything from electric vehicles to military hardware, increases.
The quota for six dominant producers, including China Nort…
China sets record rare-earth mining quota as demand rises Read More »
Evo Morales, South America’s longest-serving president and a towering figure for the region’s left-wing movements, resigned after election irregularities triggered weeks of violent clashes and intervention from the armed forces.
Morales said he was le…
Bolivian President resigns after army tells him to go Read More »
