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  • Editor’s Picks / 04 July 2016 at 3:53 GMT

    Commodities bust shakes up ranks of top global miners

    Nikkei Asian Review
    The commodities bust is reshaping the industry with companies from China, India and other developing nations on the rise as former leaders such as Anglo American and Freeport-McMoRan struggle to survive by selling assets at fire-sale prices. In its annual Mine Report, PwC calculated that the world's top 40 mining companies posted a collective loss of $27bn for the first time in the survey's 13-year history. Both Anglo American and Freeport-McMoRan tumbled out of the top 10 this year, while coal giant Peabody Energy slipped down the rankings. In their place are Chinese groups. China is the world's largest consumer of mined commodities and in many cases the world's largest miner of commodities such as coal, gold and rare earths.
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  • Article / 14 April 2016 at 16:34 GMT

    Norway excludes 52 coal companies from giant oil fund

    Consulting editor / TradingFloor
    Norway
    Norway excludes 52 coal companies from giant oil fund
    Norway's $863 billion sovereign wealth fund, the world's biggest, has excluded 52 coal-mining companies and coal-fired power producers from its investment portfolio under new criteria that spotlight coal as an environmental and climate problem. The divestments are of shares in companies in the US, China, India, Japan, the UK and eight other countries.
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    3y
    seas seas
    As if sucking the blood from the earth is not a problem.
  • Article / 28 October 2015 at 1:22 GMT

    Morning Report APAC: USD rallies on weak durable goods, oil price drop

    APAC Sales Trading Desk / Saxo Capital Markets
    Singapore
    Morning Report APAC: USD rallies on weak durable goods, oil price drop
    The Federal Open Market Committee rate decision on Thursday is in the spotlight. Meanwhile crude oil prices have taken another tumble, hurting commodity currencies, including the Canadian dollar. Coalminers will be in focus on equities markets, after a top US miner said it would cut back coal output.
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