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Northam mulls Bokoni mine bid

Bloomberg Northam Platinum Ltd is considering making an offer for the mothballed Bokoni mine as it seeks to expand output and capitalise on a rally in platinum-group metal prices, according to three people familiar with the plan. South Africa’s fourth-biggest platinum producer has evaluated a bid for Bokoni but no final decision has been taken and the company is yet ...

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IDB in talks to roll out loans to Latin America projects

Bloomberg IDB Invest is in talks to roll out so-called decarbonisation loans to projects in Latin America as the multilateral institution looks to help the region meet its climate goals by accelerating the replacement of fossil fuel assets. “In energy, we are talking to different clients both in Chile and Costa Rica,” Chief Investment Officer Gema Sacristan said. “Our focus ...

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Siemens Energy to slash 7,800 jobs

Bloomberg Siemens Energy AG will cut roughly a sixth of workers from its gas and power division in the latest sign that the worldwide shift to green energy is upending the fossil-fuel businesses. The company will eliminate 7,800 jobs by the end of its 2025 financial year, including about 3,000 positions in Germany and 1,700 in the US. Roughly three-quarters ...

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