Industry News

Oil dives 2.2% to $43.23, hitting a 9-month closing low and settling in a bear market

06/23/2017 11:05 p.m.

Oil prices fell about 3 percent to seven-month lows on Tuesday after increases in supply by several key producers overshadowed high compliance by OPEC and non-OPEC oil producers with a deal to cut global... Full Story

Revised South African charter poses threat to miners, says Moody's

06/22/2017 1:44 a.m.

Ratings agency Moody's warned on Wednesday that new regulations seeking to accelerate black ownership in South Africa's mining industry would deter investment, raise costs and diminish cashflow g... Full Story

Shine could be returning to nickel

06/22/2017 1:02 a.m.

Market pundits occasionally warn investors to avoid picking up nickels in front of steamrollers — alluding to potential unforeseen market danger for little reward. This time, though, it might be wo... Full Story

Oil prices climb off 10-month lows as US stockpiles drop

06/22/2017 12:38 a.m.

Oil prices rose on Thursday for the first time in three days after U.S. crude and gasoline stockpiles fell, but investors are looking for more signs that output cuts by OPEC and some other producers are ... Full Story

Iran starts gas exports to Iraq, Iranian official tells IRNA

06/22/2017 12:15 a.m.

Iran has begun exporting gas to Iraq, an Iranian official told the state-run Islamic Republic News Agency (IRNA) on Wednesday, after a several years of delays. The neighbors, both members of the Organ... Full Story

Iron Seen in Low-$40s by Citi as Supply Grows, Demand Peaks

06/21/2017 9:03 p.m.

Iron ore may extend a slump into the low-$40s as supplies swell and demand reaches a short-term peak amid steel mill restarts and ramp-ups in China, according to Citigroup Inc., which cut its forecasts b... Full Story

Western Australia bans uranium mining, but existing projects safe

06/21/2017 6:48 p.m.

Western Australia’s new government has brought back a ban on uranium mining in the state, but said it would not stand in the way of the four projects approved by the previous administration. ... Full Story

World’s top coal producer to close 37 mines

06/21/2017 6:20 p.m.

Coal India, the world’s largest producer of the fossil fuel, is closing 37 mines before March next year as it said they are no longer economically viable due to increasing competition from renewabl... Full Story

China's Fosun sweetens offer for Gemfields

06/21/2017 1:36 a.m.

Emeralds and rubies miner Gemfields (LON:GEM) is encouraging its minority shareholders to accept an improved takeover bid from China's Fosun International, despite considerin... Full Story

Rio Tinto recommends Yancoal coal offer over Glencore

06/21/2017 1:24 a.m.

Rio Tinto (RIO.L) (RIO.AX) selected Yancoal (YAL.AX) on Tuesday to buy its Coal & Allied division in Australia for $2.45 billion, surprising commodities trading giant Glencore, (GLEN.L) which had put... Full Story

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