Investor support for Glencore’s climate change strategy weakened, obliging the world’s top coal shipper to again consult with shareholders as it defends one of its most profitable businesses. While many rivals have long retreated from...
China’s raw materials producers are at the forefront of falling industrial profits as poor demand and price deflation tear into margins at steel mills, metals smelters, chemicals firms and coal miners. While the pace of declines slowed in April across many sectors –...
Coal cargoes unwanted in Europe are heading to Asia, where utilities are stockpiling the fuel amid sweltering temperatures heading into the summer. Shipments of about 7 million tons of Colombian coal will be exported to Asian countries in the next quarter, instead of...
South Africa has struggled to keep the lights on for more than a decade. The country’s aging coal power plants have fallen into disrepair. Resources set aside for fixing the infrastructure have been squandered. The national electricity utility Eskom is rife with...
Gold miner Bellevue has signed a power purchase agreement with Zenith Energy for the building and operating of a power station at the Bellevue gold project in Western Australia. Under the agreement, Zenith will finance, build, own, operate and maintain the 88 megawatt...
Newmont has published its 2022 climate report, outlining several projects the company plans to focus on to help combat climate change. “Climate change is one of the greatest global challenges of our time and its impact on our earth and our business is...
