The unraveling of finance firm Greensill Capital is playing out in London but could also take a heavy toll on steel towns like Georgetown, S.C.
The cost of moving goods like iron, coal and corn jumped to a 10-year high this week in a sharp rebound from last year’s industrial downturn.
Zambia, which defaulted on payments to bondholders in November, is doubling down on debt?with a high-stakes bet that nationalizing?one of its biggest?copper mines will help rescue its flailing economy.
BP, Rio Tinto and others are selling the projects for financial and environmental reasons, in a possible boon for those companies that want to double down on fossil fuels.
Tembo Capital, a private-equity firm focused on the mining sector, is betting that President Biden’s proposed infrastructure plan will increase demand for raw materials such as copper.
The two candidates who emerged from the first round of voting have stirred concern in an establishment badly shaken by the recent ouster of presidents, corruption scandals and protests.
South African platinum miners are raking in record amounts of cash and reinvesting in their mines in a bet that vehicles powered by hydrogen fuel cells will help lift demand.
The prosecutor said ex-trader Emilio Jose Heredia Collado is cooperating in the ongoing investigation into the manipulation.
The suit by Bluestone Resources, a coal-mining company owned by West Virginia’s governor, is tied to a $850 million loan from the troubled U.K. financial firm.
Shell has appointed Andrew Mackenzie as its new chairman, tapping a mining veteran to oversee the oil and gas giant as it navigates the transition to low-carbon energy.
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Most of Greensill’s revenue came from five clients, according to an internal Greensill report reviewed by The Wall Street Journal.
Rio Tinto said Chairman Simon Thompson would step down because of its destruction of two ancient rock shelters in Australia last year, bowing to demands from some investors for greater accountability for the incident.
Stationary-and-gifts retailer Paper Source filed for bankruptcy, planning to permanently close some stores and sell itself to an affiliate of Apollo Global Management in exchange for debt relief.
Mick Davis is raising money to invest in companies that mine the metals required to store power, as government efforts to switch to low-carbon energy will require more batteries.
Jakob Stausholm says the world’s second-largest mining company should be more aggressive in pursuing commodities used in low-carbon technologies.
Brazilian companies striving to attract investors focused on environmental, social and governance issues face challenges because of the country’s recent history of corruption, inequality and deforestation, money managers say.
The potential listing comes as the U.S. and other countries seek to reduce their dependence on Chinese supplies of rare earths.
Elon Musk, the Tesla chief executive and space travel-hyperloop-deep tunnel mining entrepreneur, is taking a hiatus from Twitter, after recent tweets helped drive rallies in GameStop and bitcoin.
Revenue fell 15% in the fourth quarter due to lower volumes and less demand from customers and dealers.