The nickel market is being roiled by Indonesia’s impending ban on ore exports and traders are rushing to withdraw as much metal as possible.
Inventories tracked by the London Metal Exchange posted a record decline for a second straight day, adding fue…
Anxiety grips nickel market as inventories fall by record again Read More »
BP said CEO Bob Dudley will retire early next year, a much-anticipated step after more than nine years at the helm of the oil and gas giant.
He’s succeeded by Bernard Looney, the head of upstream who has led BP into new countries and championed the la…
BP CEO Bob Dudley to step down, succeeded by oil-drilling chief Read More »
Tom Palmer took the helm at the world’s largest gold miner shortly after bullion had its longest streak of quarterly gains since 2011. Now investors are looking to partake of that windfall.
But before shareholders get their piece of the pie, the new C…
Newmont’s new CEO plans to dispense more discipline than cash Read More »
Murray Energy, the US coal giant that had pressed the Trump administration for help averting bankruptcy, may be headed toward default.
The largest closely held coal miner in America failed to make multiple payments to lenders this week, the company sa…
US coal giant Murray Energy faces default Read More »
South Africa’s ruling party approved a range of proposals to revive economic growth, but stopped short of endorsing Finance Minister Tito Mboweni’s controversial plan to sell some state assets. There was “broad consensus” among members of the African N…
ANC shies away from endorsing asset sales Read More »
After powering the British economy for centuries, coal is a dying breed in the nation’s energy mix.
The combustible sedimentary rock accounted for as much as 40% of the electricity generation only six years ago, but that figure dropped to 5% last year…
Britain’s last coal-fired plants are disappearing fast Read More »
Zimbabwe accused the US of ignorance after the US Customs and Border Protection announced it’s blocking rough diamond imports from the Marange fields because they were produced with forced labor. “It’s unfortunate that the US authorities have been misi…
Zimbabwe rejects US claim that diamond mine uses forced labour Read More »
The lowest lithium prices in over two years are hampering a handful of miners that want to challenge China’s dominance in the market.
China controls most of the processing that makes the mineral usable in rechargeable batteries, leaving American vehic…
Lithium at two-year low hobbles US bid to loosen China’s grip on market Read More »
Six coal states are pressing the Trump administration to wrap up an almost two-year inquiry into whether coal and nuclear plant retirements are threatening the electric grid.
In letters to the Federal Energy Regulatory Commission, which overseas US po…
Coal states urge Trump administration to tackle plant closures Read More »
Eskom Holdings’ stand-alone credit profile was downgraded one-notch at Fitch Ratings, signaling the South African power utility’s worsening ability to repay debt without additional government support. Weakening revenue growth, profit-margin compression…
Eskom’s stand-alone credit rating cut deeper into junk at Fitch Read More »
