Bharat Coking Coal, a unit of Coal India, the world’s largest producer, is planning a debt-raising to meet expenses, after payment curtailments by power generators led to a cash-squeeze, according to people familiar with development.
The company, base…
Top coal miner seeks loans as lockdown saps payments Read More »
Key investor advisory groups are divided on whether Rio Tinto shareholders should support a demand for the world’s No. 2 miner to extend the range of its targets to reduce greenhouse gas emissions.
Institutional Shareholder Services is recommending Ri…
Even proxy advisers are split over mining’s emissions debate Read More »
Financing a thermal coal project in Australia just got a little bit harder after Westpac Banking said it would exit the sector by 2030, leaving Australia and New Zealand Banking Group as the last of the country’s big four yet to commit to dropping the …
Coal loses backing from another big bank Read More »
Consol Energy’s effort to push rival coal company Murray Energy into liquidation is aimed at shuttering mines and reducing output in an oversupplied industry, according to the largest US coal miners’ union.
“Liquidation plays to the benefit of all th…
Push to liquidate Murray means coal mines will close, union says Read More »
Swiss refiner Valcambi tried for five straight days last month to move a shipment of gold out of Hong Kong. Twice the metal was packed carefully onto a plane, only to be offloaded again. After daily attempts and numerous arguments, the gold suddenly ar…
Gold bars fight Covid-19 kits for space on the plane Read More »
Teck Resources has been targeted by a hedge fund shareholder that’s pushing the underperforming Canadian miner to divest its energy and coal businesses and consider replacing long-standing CEO Don Lindsay.
Tribeca Investment Partners said making those…
Hedge fund pushes Teck to abandon oil, replace CEO Lindsay Read More »
Eskom Holdings, South Africa’s State-owned electricity utility, said it has temporarily closed its Camden power plant because the dam where it stores the ash from burning coal could burst and endanger local residents. The 1,600-megawatt power plant wil…
Eskom shuts power plant after warning ash dam may collapse Read More »
Don’t be fooled by gold’s rally when Yamana Gold and Agnico Eagle kick off earnings for the industry this week. While the metal’s prices are surging, many of the companies have shut down mines amid the coronavirus pandemic, making this reporting season…
Surging profits seen as no safety net for winning gold stocks Read More »
The latest front in the war against drilling for oil in Alaska’s rugged wildlife refuge isn’t Washington – it’s Wall Street.
Activists trying to keep rigs out of the Arctic National Wildlife Refuge are now focused on choking off the flow of money need…
Wall Street is bending to pressure to halt Arctic-oil loans Read More »
The US is giving $12.1-million in aid to Greenland but denies the help is part of a long-term scheme to buy the island from Denmark, regardless of what President Donald Trump may have said in the past.
While the money involved is small, it’s revived a…
US gives Greenland $12m, but says it’s not to buy Read More »
