Thomas Biesheuvel
@tbiesheuvel
Bloomberg News Reporter - Writing about mining, steel and commodities. A special interest in diamonds.
ID: 308482643
https://www.bloomberg.com/authors/APYfT9sMCsg/thomas-biesheuvel 31-05-2011 13:55:29
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Rio wants to buy lithium mines. Lithium mines are too expensive. Something will have to give. bloomberg.com/news/articles/… James Fernyhough
Commodity-trader Trafigura keeps looking for new business with Russia bloomberg.com/news/articles/… Jack Farchy Alfred Cang
Goldman says carmakers trying to be miners will end badly (Like pretty much every other sector that has tried its hand at mining) bloomberg.com/news/articles/… James Attwood
Vale plans to IPO or spin off its base metals business and has approached former Anglo CEO mark Cutifani to be chairman of the new company Dinesh Nair bloomberg.com/news/articles/…?
Glencore is set to lose its status as the world's biggest cobalt miner Mark Burton bloomberg.com/news/articles/…
Veteran dealmaker Michael Klein has been advising Glencore on its bid to buy Teck Resources. bloomberg.com/news/articles/… Jack Farchy Dinesh Nair
Teck cancels its vote on splitting the company just hours before it was due to take place. Big questions is will it now engage with Glencore? bloomberg.com/news/articles/… via Bloomberg Markets
Teck says it's going to come up with a simpler way to split its business into metals and coal. Says Glencore's bid remains a non-starter. bloomberg.com/news/articles/… via Bloomberg Markets
Glencore is preparing to increase its offer for Canada's Teck Resources to break the current deadlock bloomberg.com/news/articles/… Dinesh Nair Jacob Lorinc
Teck Resources is struggling to secure the support of top shareholder China Investment Corp. as the miner studies options to exit its coal business while fending off a takeover bid from Glencore, Jacob Lorinc Thomas Biesheuvel report bloomberg.com/news/articles/…
Big move by Russian diamond miner Alrosa which has halted sales for 2 months to try and prop up plunging prices. bloomberg.com/news/articles/… via Bloomberg Markets
De Beers has made big cuts to diamond prices at its first sale of the year. Reductions of ~10% as it tries to kickstart sales after an awful 2023 bloomberg.com/news/articles/… via Bloomberg Markets
LONG (MUST) READ: A collapse in demand has left the diamond industry floundering post-pandemic. None in the market is feeling the impact more than De Beers (and its owner, giant mining group Anglo American). Thomas Biesheuvel #DiamondsArentForEver bloomberg.com/news/features/…