Prabowo Subianto, Indonesia’s presidential candidate and defense minister, center, waves to supporters in Jakarta, Indonesia, on Wednesday, Feb. 14, 2024. Prabowo declared victory in Wednesday’s presidential vote, citing independent pollsters, putting him on course to lead Southeast Asia’s largest economy after two failed attempts. Bloomberg | Bloomberg | Getty Images JAKARTA â Indonesia’s Defense Minister … Read more
In this photo illustration, BHP logo of a multinational mining, metals and petroleum company is seen displayed on a smartphone in front of BHP Billiton logo. The world’s largest listed miner was cautiously optimistic on a demand recovery in the developed world in the next 12 months but said it was not yet clear how effective … Read more
Earnings season was not perfect for our industrial-focused portfolio companies, but we’re feeling pretty good about their prospects for the rest of the year. Shares of two of the five names finished Friday at all-time highs, and we belive the others show promise for patient investors. 1. Eaton Electrical power management company Eaton posted a … Read more
A truck makes its way over the Victoria Falls bridge, spanning over the Zambezi River, linking Zambia and Zimbabwe, in Livingstone, Zambia, on Sunday, May 8, 2022. Bloomberg | Bloomberg | Getty Images KoBold Metals, a California-based metals exploration company backed by billionaires including Bill Gates and Jeff Bezos, said that it has discovered a … Read more
Environmental activists take part in a protest to call for an international moratorium on deep-sea mining. Sopa Images | Lightrocket | Getty Images Norway says its controversial decision to approve deep-sea mining is a necessary step into the unknown that could help to break China and Russia’s rare earths dominance. In a vote earlier this … Read more
Japan recently became the fifth nation to successfully complete a soft landing on the moon’s surface, joining a select few countries — the U.S., Russia, China and India — in accomplishing this feat. But moon landings are likely to become more common over the next few years. Globally, more than 100 lunar missions, both by … Read more
Saudi Arabia nearly doubled the estimate for the value of its mineral resources and is seeing lucrative deals signed during its Future Minerals Forum held in Riyadh this week, ministers told CNBC. Estimates for the kingdom’s untapped mineral reserves have jumped from $1.3 trillion in a 2016 forecast to $2.5 trillion, according to Saudi Mineral Resources … Read more
Activists take part at a “Look Down action” rally to stop deep sea mining outside the European Parliament in Brussels on March 6, 2023. (Photo by Kenzo TRIBOUILLARD / AFP) (Photo by KENZO TRIBOUILLARD/AFP via Getty Images) Kenzo Tribouillard | Afp | Getty Images Norway is poised to become one of the first countries in … Read more
The U.S. is running out of miners. More than half the nation’s mining workforce, about 221,000 workers, is expected to retire by 2029, according to the Society for Mining, Metallurgy & Exploration, and the number of candidates willing to fill those slots is shrinking. “Our workforce is aging,” said Bold Baatar, chief executive of copper at … Read more
Copper mines like Rio Tinto’s Bingham Canyon mine on the outskirts of Salt Lake City are on the frontline of America’s transition to clean energy. Global demand for copper, a major component of electric vehicles, is expected to grow from 25 million metric tons to nearly 49 million metric tons by 2035, according to S&P … Read more
/cdn.vox-cdn.com/uploads/chorus_asset/file/25420138/2089852877.jpg)