Canada committed to ending thermal coal exports by 2030, but a massive mine expansion proposed in Alberta’s Rocky Mountains will keep exports trending in the wrong direction. “Exports of Canadian mined thermal coal have more than tripled and overall thermal coal...
Anglo American has announced the disposal of its 33.3% minority stake in the Jellinbah Group for $1.1 billion (around R19.3bn) as it repositions its portfolio. This transaction involves two major steelmaking coal mines in Australia—the Jellinbah East and Lake...
Rio Tinto has completed its acquisition of Sumitomo Chemical Company’s (SCC) 20.64 per cent stake in New Zealand Aluminium Smelters (NZAS), marking a significant milestone for the company’s New Zealand operations. The transaction was finalised on November 1. NZAS,...
Hancock Prospecting has recorded an uptake in earnings for the 2023–24 financial year (FY24), delivering $5.56 billion in net profit after tax and $14.7 billion in revenue. The Gina Rinehart owned company credited the increase in profit to its consistent iron ore...
The US International Development Finance Corporation (DFC) has approved a $150-million loan to support the development of the Balama graphite mine, in Mozambique. The loan agreement follows a conditional commitment from DFC to Syrah Resources subsidiary...
