Anglo American has reached an agreement to sell its 33.3 per cent minority interest in Jellinbah Group to Zashvin for $1.6 billion. The transaction will see Zashvin, an existing 33.3 per cent shareholder in Jellinbah, increase its stake in the joint venture (JV) that...
The Canadian government released draft regulations on Monday that would cap emissions of greenhouse gases from the oil and gas sector at 35% below 2019 levels by 2030, drawing condemnation from the industry that said it will force a production cut. Oil and gas is...
old was steady as the market braced for a tight US election, and a Federal Reserve rate decision later in the week. Uncertainty around the presidential vote on Tuesday has aided bullion in the last few weeks. A victory for Donald Trump could push...
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,...
