One of China’s largest securities firms is under investigation for suspected market manipulation and its role in the recent debt-related woes of a state-owned coal miner, following a tumultuous week in Chinese credit markets.
Investors are losing confidence in the local governments that stand behind many of China’s corporate debt issuers.
A $138 million compensation for investors is expected to open the door for other such claims by bribery victims.
Peabody Energy warned it faces new challenges under a loan agreement as it grapples with lower demand in the market for coal used in power plants and a recent setback in court.
Freeport-McMoRan is debating doing away with the mining company’s Phoenix home, saying remote work works.
En+ Group, the world’s largest aluminum maker outside China, wants to get a financial benefit for the low-carbon metal it produces at its hydroelectricity-powered smelters in Siberia.
Nestlé, Unilever and other companies are working with suppliers on paper packaging to address environmental concerns, but matching plastic for keeping food fresh is a big challenge.
A strong rebound in Chinese car sales is helping to widen the price gap between palladium—already the most expensive of the major precious metals—and platinum.
At least 50 miners died after flooding at an unregulated gold mine in the Democratic Republic of Congo, a local official said, adding to the deadly tally of recent accidents at illegal?and small-scale mines around the developing world.
The glory days of South Africa’s gold industry are long gone, but record prices on the international market for the metal combined with a weak local currency have thrown a lifeline to the country’s remaining producers.
The company said it will begin limited tests of package deliveries to customers in the U.S., although a number of key steps remain before widespread use of the technology will be allowed.
Berkshire Hathaway’s stake in Barrick Gold adds it to the list of big-name investors making wagers tied to the precious metal amid significant economic uncertainty.
A central figure in a federal criminal probe into Boeing’s development of the 737 MAX is leaving Southwest Airlines, where he has worked as a pilot since leaving the plane maker more than two years ago.
Many miners, including giants Anglo-American and Glencore, don’t always count transportation deaths in their end-of-year tallies, keeping death tolls lower and sometimes allowing executives to get bigger bonuses for so-called zero-fatality years.
The Canadian mining company’s CEO said shifting to New York from Toronto would be a way to reach more investors, though there are currently no plans to make the move.
The world’s largest miners have published global standards for building and managing mine-waste dams, including guidelines aimed at making the safety auditing of these giant structures more independent.
The mining major increased its midyear dividend as it balanced high iron-ore prices with an uncertain outlook for the global economy.
Turnaround executive Lynn Tilton is suing troubled small businesses she once ran, after stepping away from leading them as the Covid-19 pandemic tore through the economy.
Sculptor Capital Management has agreed to pay $136 million to a group of former investors in a Congolese mine who were found by a court to be victims of a decade-old bribery scheme involving the hedge fund.
As world powers seek dominance in the Arctic Circle, opponents of a Chinese company’s purchase of a Canadian gold mine say blocking the deal is in Canada’s national interest.