Blackhawk Mining, a bankrupt US coal producer, closed four West Virginia mines after prices neared a three-year low.
The closures will affect about 340 employees at three mines and two preparation facilities Blackhawk owns, as well as workers at a con…
Bankrupt US coal producer closes four mines after prices slump Read More »
Giant ocean-going tankers built the liquefied natural gas (LNG) industry into a $150-billion-a-year business. The next expansion opportunity may come from ships a seventh of the normal size. Fifty-five years after the first commercial LNG tanker sailed…
Small ships are next big thing for this $150bn market Read More »
Southern Africa is home to the world’s richest platinum deposits, but when Impala Platinum Holdings pondered how to invest its windfall profits it chose North America instead.
The acquisition of North American Palladium is partly a bet on platinum’s s…
Hunt for palladium riches sends South African miners abroad Read More »
Canadian heavy oil prices have weakened ahead of an anticipated announcement that Alberta will ease production limits in exchange for shipping more crude by rail.
Western Canadian Select’s discount for November to futures widened $1.30/bbl to $15.75 M…
Canadian heavy oil falls as Alberta crude-by rail deal nears Read More »
Exxon Mobil awarded a JGC Corp-led group a contract to develop its Mozambique liquefied natural gas (LNG) project, which is set to be the biggest ever private investment in Africa. JGC will be joined by Fluor and TechnipFMC to develop the Rovuma LNG pr…
Exxon awards contract for Africa’s biggest-ever private project Read More »
Siemens is partnering on a 5 000 MW combined solar and wind farm in Western Australia that will produce renewable hydrogen for potential export to Asia. The Murchison facility will use Siemens’ electrolyser technology to convert power from the solar an…
Siemens backs mega green power hydrogen project in Australia Read More »
Catastrophic climate change can still be averted even without increasing one of the biggest sources of carbon-free electricity. That was the message sent to International Atomic Energy Agency (IAEA) officials on Monday, who convened their first-ever co…
Nuclear faces climate-fight irrelevance without lower cost Read More »
South Africa wants coal producers to help debt-stricken state power utility Eskom Holdings tackle its skyrocketing costs of the fuel – a problem that’s largely of its own making. Eskom traditionally signed so-called “cost-plus” contracts for coal with …
Eskom’s $4bn coal bill headache largely of its own making Read More »
China has added more than 100 t of gold to its reserves since it resumed buying in December, reinforcing its standing as one of the major official accumulators as central banks stock up on the precious metal.
The People’s Bank of China picked up more …
China’s gold-buying spree tops 100 t during trade war Read More »
After running two major coal producers over a decade, Kevin Crutchfield decided it was time to move on when Wall Street began shunning the fuel.
While coal’s price volatility was always a challenge, the increasingly cold reception from investors prove…
Wall Street’s cold shoulder drives coal veteran to the exit Read More »
