Thomas Biesheuvel, Bloomberg

Thomas Biesheuvel

Bloomberg

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Recent:
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Past:
  • Bloomberg
  • BNN Bloomberg
  • Washington Post
  • BQ Prime
  • Inside Scoop SF

Past articles by Thomas:

Copper’s Biggest Mystery Is Finally Cracking

BHP Group is negotiating with startup Jetti to use its technology at the world’s biggest copper mine, Escondida in Chile. → Read More

First Quantum approves US$1.25B Zambia copper expansion

First Quantum approved a US$1.25 billion project to expand its Kansanshi copper mine in Zambia after the new government committed to a more predictable investment climate. → Read More

Rio Tinto to pay US$7.7B dividend as profit hits record

Rio Tinto Group cemented itself as one of the big winners in the global economic rebound from the pandemic by delivering its highest-ever profits and announcing another massive dividend. → Read More

Plan for decades of high commodity prices, BlackRock says

Commodities prices may stay high for decades as mining companies struggle to keep up with demand from the energy transition, according to BlackRock Inc.’s Evy Hambro. → Read More

U.K.’s Labour Party Takes Biggest Lead Since 2014, Poll Shows

The U.K. opposition Labour Party has taken its biggest lead over the ruling Conservative Party since 2014 in a new opinion poll, in the latest sign that allegations around Covid-19 rule-breaking parties are eroding support for Prime Minister Boris Johnson. → Read More

Rio expands in battery metals with US$2.4B lithium mine

Rio Tinto Group said it will spend US$2.4 billion building a lithium mine in Serbia, in the latest sign that the biggest miners are pushing into metals poised to benefit from the green-energy transition. → Read More

BHP swoops on Canadian nickel miner, trumping Forrest

BHP Group agreed to buy Noront Resources Ltd. to add a nickel project in Canada, trumping a bid by Australian mining magnate Andrew Forrest, as the world’s biggest miner accelerates its push into metals poised to benefit from the green-energy transition. → Read More

$70 oil, $200 iron, $10,000 copper: Commodities smash milestones

When headline crude futures topped US$70 a barrel on Tuesday, it was just the latest landmark in a banner year for raw materials. → Read More

When Does a Commodities Boom Turn Into a Supercycle?

A surge in commodity prices has Wall Street banks gearing up for the arrival of what may be a new supercycle -- an extended period during which demand drives prices well above their long-run trend. A major impetus is the massive stimulus spending by governments as they juice up their economies following pandemic lockdowns. The evidence includes surging copper and agricultural prices and oil back… → Read More

De Beers increases diamond prices again as revival keeps going

De Beers lifted diamond prices at its third consecutive sale as an industrywide recovery from the pandemic gathers pace. → Read More

De Beers raises diamond prices most in years

De Beers implemented its biggest price increase for diamonds in years as the industry starts bouncing back from the pandemic-induced shutdown. → Read More

Glencore is close to selling troubled Zambian copper mine

Glencore said Friday it is in final-stage negotiations to sell the 90 per cent holding it owns with Vancouver-based First Quantum Minerals Ltd. to state-owned ZCCM Investments Holdings Plc, which already owns the other 10 per cent. Glencore did not provide details on the value of the sale. → Read More

One of the Biggest Ever Diamonds Has Been Found in Botswana

One of the biggest diamonds ever found has been unearthed in Botswana by a small Canadian miner that keeps discovering huge stones. → Read More

Endeavour Mining explores combination with rival Teranga Gold

Endeavour Mining Corp., the acquisitive gold producer backed by Egyptian billionaire Naguib Sawiris, is in talks about a potential combination with Teranga Gold Corp. as it seeks to build scale. → Read More

De Beers sells most diamonds since virus paralyzed industry

De Beers sold the most diamonds since the coronavirus crisis brought the industry to a halt, after price cuts and recovering demand lured buyers back. → Read More

De Beers cuts prices for smaller diamonds

De Beers has cut prices for smaller diamonds in its latest move to draw customers back to the market after the coronavirus froze up trading in precious stones. → Read More

Rio Tinto CEO forced out by pressure over Aboriginal site blast

Rio Tinto Group Chief Executive Officer Jean-Sebastien Jacques will exit the miner in the wake of concerted investor pressure to step up its response to the destruction of ancient Aboriginal heritage sites in Australia. → Read More

De Beers Rethinks Business After Diamond Collapse Exposes Cracks

(Bloomberg) -- De Beers is considering ways to restructure mines, expand in jewelry and overhaul diamond sales, as the world’s biggest and oldest producer rethinks its entire business in an industry left paralyzed by the pandemic. → Read More

London gets a new gold miner as Canada's Yamana to list on LSE

Canadian miner Yamana Gold Inc. plans to list in London in the coming months, potentially signaling a revival in fortunes for the city that’s lost its biggest gold names in recent years. → Read More

Two biggest diamond miners barely sold any stones last quarter

The coronavirus froze up the diamond market so dramatically that the two biggest producers hardly sold any gems at all in the last three months, their combined sales plunging 94 per cent from a year earlier. → Read More