News

  Bloomberg President Donald Trump is expected to lift a moratorium on federal coal-mining leases — and it probably won’t do the industry much good until years after he’s left office. That’s because US coal companies including Peab-ody Energy Corp. won’t be looking to secure new reserves of the fossil fuel on federal land for years, especially as mining slows ...

  Bloomberg Canada’s two biggest gold miners have formed a partnership to develop a gold-copper deposit in Chile as a third producer exits the project. Vancouver-based Goldcorp Inc. agreed to buy 25 percent of the Cerro Casale in Chile’s Maricunga mineral belt from the world’s largest gold producer, Barrick Gold Corp., reducing the latter’s stake to 50 percent. Under terms ...

  Bloomberg President Donald Trump’s “America First” approach to energy doesn’t scare Paolo Rocca. The billionaire steel tycoon who controls Tenaris SA, the world’s largest maker of seamless-steel pipes for the energy industry, expects the creation of American jobs at his $2.3 billion plant in Texas will allow his company to continue to import certain types of pipes into the ...

  Bloomberg In the end, the pipeline won. Dakota Access, which became a rallying point for tens of thousands of anti-fossil fuel and Native American-rights protesters, is preparing for service, a court filing on Monday showed. Now that the last segment built underneath Lake Oahe has been filled with oil, it’s only a matter of time before the line delivers ...

  Bloomberg Dow Chemical Co. and DuPont Co.’s success at converting smart ideas in the laboratory into products used by farmers across the world was nearly their undoing when European Union regulators started poking around their proposed $77 billion merger. The bloc has been pushing to encourage investment in research and development as part of its political agenda, and EU ...

  Bloomberg The operator of some of Europe’s largest copper and zinc mines expects President Donald Trump’s plans to spend on US infrastructure to have much less impact on base-metal prices than the needs of burgeoning middle-class populations in emerging markets. That’s because projects in the US and other developed countries simply won’t use enough zinc or copper to have ...

  Bloomberg Home prices in 20 US cities climbed in the 12 months through January at the fastest pace since July 2014, while nationwide the increase in property values also accelerated, according to S&P CoreLogic Case-Shiller data reported on Tuesday. 20-city property values index rose 5.7 percent from January 2016 (forecast was 5.6 percent) after increasing 5.5 percent in the ...

  Bloomberg The United Arab Emirates forecasts that savings generated by switching half its power needs to clean energy by mid century will outstrip the investment costs. The Gulf state plans to invest $150 billion in renewable power by 2050, weening the country from dependency on subsidized natural gas power in stages, Minister of Energy Suhail Al-Mazrouei said at a ...

  Bloomberg National Bank of Abu Dhabi PJSC is selling $587 million in a class of debt used to fund environmental projects, the first issue of green bonds from a region where governments are looking to curb dependence on oil as an energy source. The state-owned lender is offering the five-year securities at 98 basis points over the mid-swap rate, ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the award of two contracts for constructing the 7th Interchange on Sheikh Zayed Road, as well as Al Yalayis and Al Asayel Roads, at a cost of AED 1.2 billion. The two projects will enhance the ...