Glencore scraps US$1.3B Australian coal project
Miner and commodities giant Glencore (LSE: GLEN) has shelved plans for a giant A$2 billion (US$1.3 billion) coal mine in Australia’s Queensland state, which would have become one of the…
Coal
US markets fell during Nov. 28 – Dec. 2 trading week
The Dow Jones Industrial Average fell 404.67 points, or 1.2%, to 33,942.36, and the S&P 500 lost 30.31 points or 0.8%, over the week to 3,995.81. Leading value gainer for…
Colombian president calls for mining code reform to favour small-scale ‘traditional’ operations
Colombian President Gustavo Petro proposed over the weekend a new reform to the country’s mining code, which was initially issued in 2001. During a town hall held in the town…
Anglo American greens Australia operations
London-based multinational Anglo American (LSE: AAL) has reached an agreement with the Queensland government to supply all of its Australian power needs from wind and solar generation by 2025 and…
Wealthiest nations offer Indonesia $20B to wean it off coal
Rich nations led by the U.S. and Japan have pledged to give Indonesia a US$20-billion package to help the coal-dependent country shift to renewable energy and reach carbon neutrality by…
Royalty firm Ecora plans transition to green metals despite lucrative coal contract
Ecora Resources (TSX: ECOR), a mining royalties company, is betting its shift to green-economy investing in projects by giants such as Vale (NYSE: VALE) and Rio Tinto (NYSE: RIO; LSE:…
TSX falls during Sept. 19-23 trading week
Stocks were pummelled over the Sept. 19-23 trading period as investors fled, fearing a global recession brought on in part by central banks raising interest rates to quell inflation. The S&P/TSX…
Researchers working on smart drone capable of preventing tailings dams failures
Engineers at West Virginia University are developing new technologies for coal waste storage facilities that will detect and prevent potential failures like leakage of hazardous materials into the environment. After…
Moody’s cuts metals price calls amid slowing global growth
Credit rating firm Moody’s Investors Service has pared down its 12-month price outlook for a basket of metals and mining commodities, citing a global economic slowdown and softening demand. Essential…
Mining industry on track to meet decarbonization targets, say analysts
The availability of risk capital for miners is biased towards those with concrete plans for achieving net-zero emissions targets by 2030, says Keith Russell, global director for energy transition, purpose…
Primitive vegetation played key role in composition of earth’s continental rocks
Primitive plants transformed what was once a Mars-like planet of barren rock into a world of life growing in organic-rich soils.
Europe’s coal conundrum
As industries and nations fret about getting the raw materials needed to power the energy transition, coal is also seeing a stunning rise. In September 2021, the price of ICE…