Bloomberg News
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Jul- 2019 -25 July
Technology & Communications
Mining Executives split on who bears burden of Climate Change
The mining industry is starting to split on who bears responsibility for all the carbon emissions caused by smelting iron…
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25 July
Economy
South Africa’s Eskom bailout plan credit negative, says Moody’s
South Africa’s decision to more than double its financial support for Eskom Holdings SOC Ltd. is “credit negative” for the sovereign…
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25 July
Markets
Anglo plans $1 billion buyback after bumper Iron Ore profit
Anglo American Plc plans to buy back up to $1 billion of shares after the diversified miner reaped bumper profits…
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19 July
Business
Barrick and Acacia reach buyout deal, ending long standoff
For the past two years, Acacia Mining Plc has faced deteriorating relationships with its largest shareholder, Barrick Gold Corp. and the…
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18 July
Future of Mining
Platinum giants eye Sibanye’s gold mining deal as wage yardstick
South African platinum producers could use Sibanye-Stillwater’s pay settlement with gold miners earlier this year as a benchmark in wage…
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18 July
Markets
Brewing diamond industry crisis prompts De Beers to cut output
De Beers trimmed its production plans for this year as the world’s biggest diamond producer responds to a brewing industry…
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16 July
Coal
Fossil fuels are far less efficient than previously thought
Fossil fuels, long regarded for their high-energy return on investment, are not as efficient as once thought. In fact, their…
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10 July
Manufacturing
ArcelorMittal South Africa to cut 2,000 jobs
ArcelorMittal South Africa Ltd. may cut more than 2,000 jobs as part of a widespread restructuring to cut costs. The shares…
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