Thomas Biesheuvel

London

Reporter at Bloomberg News

Bloomberg News Reporter - Writing about mining, steel and commodities. A special interest in diamonds.

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Articles

Rio Agrees to Pay $139 Million To Settle Mongolian Mine Dispute

1 week ago | bloomberg.com | Thomas Biesheuvel

Rio Tinto Group has agreed to pay $138.75 million to settle a lawsuit that accused the miner of hiding problems from investors at its giant copper mine in Mongolia. The plaintiffs, led by Pentwater Capital Management, alleged the world’s second-biggest miner held back information on the Oyu Tolgoi underground expansion from investors as costs ballooned and it fell behind schedule.
Rio Agrees to Pay $139 Million To Settle Mongolian Mine Dispute

1 week ago | news.bloombergtax.com | Thomas Biesheuvel

Rio Tinto Group has agreed to pay $138.75 million to settle a lawsuit that accused the miner of hiding problems from investors at its giant copper mine in Mongolia. The plaintiffs, led by Pentwater Capital Management, alleged the world’s second-biggest miner held back information on the Oyu Tolgoi underground expansion from investors as costs ballooned and it fell behind schedule.
Rio Agrees to Pay $139 Million To Settle Mongolian Mine Dispute

1 week ago | news.bloomberglaw.com | Thomas Biesheuvel

Rio Tinto Group has agreed to pay $138.75 million to settle a lawsuit that accused the miner of hiding problems from investors at its giant copper mine in Mongolia. The plaintiffs, led by Pentwater Capital Management, alleged the world’s second-biggest miner held back information on the Oyu Tolgoi underground expansion from investors as costs ballooned and it fell behind schedule.
Dundee Precious to Buy Adriatic Metals for US$1.25 Billion

2 weeks ago | financialpost.com | Thomas Biesheuvel |Dylan Griffiths

Advertisement 1The deal is the latest in a series of transactions among precious metal producers, using high share prices to growArticle contentDundee Precious Metals Inc. agreed to buy Adriatic Metals PLC, which operates a silver project in Bosnia and Herzegovina, for about US$1.25 billion, as miners respond to surging precious metal prices.
Dundee Precious to Buy Adriatic Metals for $1.25 Billion (1)

2 weeks ago | news.bloomberglaw.com | Thomas Biesheuvel |Dylan Griffiths

Dundee Precious Metals Inc. agreed to buy Adriatic Metals Plc, which operates a silver project in Bosnia and Herzegovina, for about $1.25 billion, as miners respond to surging precious metal prices. The deal comes during a sharp rally in the silver market, with prices hitting a 13-year high earlier this week as investors flocked to safe-haven assets in response to rising geopolitical risks. The precious metal has jumped 25% this year, compared with a 30% gain for gold.
Dundee Precious to Buy Adriatic Metals for $1.25 Billion

2 weeks ago | bloomberg.com | Thomas Biesheuvel |Dylan Griffiths

(Bloomberg) -- Dundee Precious Metals Inc. agreed to buy Adriatic Metals Plc, which operates a silver project in Bosnia and Herzegovina, for about $1.25 billion, as miners respond to surging precious metal prices. The deal comes during a sharp rally in the silver market, with prices hitting a 13-year high earlier this week as investors flocked to safe-haven assets in response to rising geopolitical risks. The precious metal has jumped 25% this year, compared with a 30% gain for gold.
De Beers Said to Draw Interest From Ex-CEOs as Anglo Starts Sale

3 weeks ago | news.bloombergtax.com | Thomas Biesheuvel |Dinesh Nair

Anglo American Plc is about to begin a formal sales process for De Beers, after receiving indications of interest from potential buyers that include two former chief executives of the iconic diamond miner. An exit from De Beers represents the final step in a sweeping restructuring plan outlined by Anglo CEO Duncan Wanblad last year as the company fended off a takeover approach from BHP Group. Anglo has already agreed to sell its coal and nickel mines and unbundled its platinum business this week.
De Beers Draws Interest From Ex-CEOs as Anglo Starts Sale

3 weeks ago | financialpost.com | Thomas Biesheuvel |Dinesh Nair

Article content(Bloomberg) — Anglo American Plc is about to begin a formal sales process for De Beers, after receiving indications of interest from potential buyers that include two former chief executives of the iconic diamond miner. Sign In or Create an AccountArticle contentAn exit from De Beers represents the final step in a sweeping restructuring plan outlined by Anglo CEO Duncan Wanblad last year as the company fended off a takeover approach from BHP Group.
De Beers Draws Interest From Ex-CEOs as Anglo Starts Sale

3 weeks ago | bloomberg.com | Thomas Biesheuvel |Dinesh Nair

Duncan Wanblad Photographer: Ian Waldie/Bloomberg (Bloomberg) -- Anglo American Plc is about to begin a formal sales process for De Beers, after receiving indications of interest from potential buyers that include two former chief executives of the iconic diamond miner. An exit from De Beers represents the final step in a sweeping restructuring plan outlined by Anglo CEO Duncan Wanblad last year as the company fended off a takeover approach from BHP Group.
Congo’s Flooded Mine Is Latest Threat to World Copper Supply

4 weeks ago | bloomberg.com | William Clowes |Thomas Biesheuvel |Jack Farchy

The Kamoa Kakula mining site in Kamoa, Democratic Republic of Congo. (Bloomberg) -- The status of one of the world’s most important copper mines remains clouded in uncertainty, more than a week after seismic activity caused widespread flooding deep below ground. Ivanhoe Mines Ltd.’s Kamoa-Kakula complex in the Democratic Republic of Congo is one of the world’s top sources of copper and was on course to become the third-biggest supplier of the key energy-transition metal this year.