Alcoa is trying to sell its ranch.
The metals giant is looking to jettison as much as $1-billion in assets, including the roughly 32 000-acre property in Rockdale, Texas, in a push to trim costs. Alcoa is asking $250-million for Sandow Lakes Ranch, wh…
Alcoa wants to sell its $250m Texas ranch with an industrial past Read More »
Coal baron Robert Murray’s support for union miners is part of the lore surrounding a man who’s worked in the industry for six decades. Now, that battle has ended.
Buried under $2.7-billion in debt, Murray Energy Corp filed for bankruptcy protection o…
Coal baron Murray stood up for miners until he ran out of money Read More »
As head of sales for copper-mining giant Freeport-McMoRan, Javier Targhetta overflows with arguments for why the metal’s prospects are bright.
Yet even the five-decade metals veteran and copper bull acknowledges the miserable mood seeping through the …
Even a lifelong copper bull isn’t sure the next move will be up Read More »
Contenders for the biggest job in commodity trading, the head of Glencore, will be on parade this week. Outgoing CEO Ivan Glasenberg wanted his successor to look “like me,” and the main aspirants do. Glasenberg announced last December his plan to retir…
The men who would be king of Glencore move into the spotlight Read More »
Sibanye Gold CEO Neal Froneman is considering moving the South African miner’s primary listing to New York from 2021, after he curbs the company’s debt.
The surge in palladium and rhodium prices has put Sibanye on track to meet its debt-to-earnings ta…
Mining deal-maker eyes New York from 2021 as South Africa palls Read More »
Palladium surged to a record, topping $1 800 as stricter air-quality rules boost demand for the metal used in vehicle pollution-control devices.
Spot prices climbed 2.1% to $1.802.24/oz at 11:09 a.m. in New York. The metal is up more than 40% this year.
Palladium tops $1 800 for first time as shortage persists Read More »
While the fog of the trade war clouds the outlook for most commodities, battle lines are being drawn in the nickel market.
On either side, traders and investors are lining up to bet on two diametrically opposed paths for prices.
The big question in metals is what happens next to nickel Read More »
akistan’s top business tycoons have offered to take over a disputed copper and gold deposit that was once explored by Barrick Gold and Antofagasta, according to people familiar with the matter.
Officials at the provincial Balochistan government are sa…
Pakistan’s tycoons offer to take over former Barrick mine Read More »
Platinum-mining workers are unlikely to embark on a strike as a result of the current round of wage negotiations, Sibanye Gold CEO Neal Froneman said in an interview at Bloomberg’s Johannesburg office. Workers belonging to the Association of Mineworker…
Sibanye CEO sees wage strike unlikely at platinum mines Read More »
Barrick Gold believes its Zambian copper mine is worth more than the $735-million carrying value listed in its latest annual report. CEO Mark Bristow said he’s received interest from potential buyers of the mine, called Lumwana, but isn’t in a hurry to…
Barrick CEO says Zambia mine worth more than $735m Read More »
