Tracey Henderson is returning to the corner of Africa where two decades ago she started to make her name in the oil world. She worked in Equatorial Guinea as a young geophysicist in the 1990s, building experience in the country as she sought to unlock …
Kosmos drilling boss looks to 1990s playbook in Africa oil hunt Read More »
A major gold-buying spree by central banks is likely to persist in the coming years, according to Australia & New Zealand Banking Group Ltd., which flagged the potential for further purchases by nations including China.
“In the current environment…
Central banks just love gold and it’s going to stay that way Read More »
Seriti Resources Holdings, which is poised to become South Africa’s second-biggest coal producer, may take funding from equipment suppliers and hold off on a listing as the fuel is being shunned by financiers because of its environmental impact. Closel…
Seriti may turn to equipment makers as coal IPOs shunned Read More »
Evraz, the world’s largest vanadium producer outside China, said steelmakers are boosting their use of the metal again after it slumped as much as 75% this year. Vanadium, used to strengthen steel, peaked at more than $120/kg at the end of 2018 after N…
Top vanadium producer sees demand rising after prices slump Read More »
Oil fell for a fourth day, set for the longest run of declines in more than five weeks, after the latest escalation in the trade war blindsided investors and worsened an already-shaky global demand outlook. Futures in New York dropped as much as 2.2% a…
Oil in longest losing run in five weeks as trade war deepens Read More »
Gold took a stride toward $1 600 an ounce as the US-China trade war worsened, hurting the outlook for global growth and boosting demand for the traditional haven as risk assets suffered. Bullion futures rallied as much as 1.8% to $1 565 an ounce on the…
Gold gets driven toward $1 600 as oldest haven shows its mettle Read More »
Gold took a stride toward $1 600 an ounce as the US-China trade war worsened, hurting the outlook for global growth and boosting demand for the traditional haven as risk assets suffered. Bullion futures rallied as much as 1.8% to $1 565 an ounce on the…
Gold gets driven toward $1 600 as oldest haven shows its mettle Read More »
Eskom Holdings, the South African power utility struggling with almost $30-billion in debt, said it will take as long as three to five years to comply with the government’s plan to split the company into three separate units. President Cyril Ramaphosa …
Eskom tells senior managers unit separation to take 3 to 5 years Read More »
Gold’s faring extremely well as a haven asset, with inflows into exchange-traded funds (ETFs) hitting 1 000 t since holdings bottomed in early 2016 after a prolonged unwind in the wake of the global financial crisis. Total known ETF holdings expanded t…
Investors hoard most gold in ETFs in six years Read More »
The Chinese operator of the Democratic Republic of Congo’s largest copper producer has told employees that it’s struggling to make money as the collapse of cobalt and copper prices hits miners in the country.
China Molybdenum, which operates the giant…
China Molybdenum says giant Congo copper mine is losing money Read More »
