After entering into a definitive agreement to acquire software developer Micromine, US tech company AspenTech has reportedly pulled out of the $900 million deal. The two companies entered into an agreement in July 2022, but in an earnings call on August 2,...
With the end of the coal cap in sight, Glencore has become the latest stakeholder to engage with the NSW Government, as the State considers ways to manage runaway electricity prices. “Glencore urges the NSW Government to engage the coal sector in a genuine two-way...
This may not be the reality anyone wants to hear but despite important steps forward, the nation’s minerals problem – notably the mismatch between soaring demand, available supply, and our alarming overreliance on imports – is only getting worse. And while the Biden...
China’s coal consumption grew by 4.6% in 2022 to a new all-time high of 4.5 billion metric tons, dragging with it global coal demand offsetting declines in Europe and North America, a new report by an energy watchdog said. The coal market globally rose by 3.3%...
In a bold move to diversify its operations and integrate further into the value chain, Coal India Limited (CIL) is targeting the acquisition of lithium, cobalt, and nickel assets abroad. The company has recently amended its Memorandum of Association (MoA) to include...
Rio Tinto will commit $150 million in order to create the Centre for Future Materials in London. Lead by Imperial College London, the centre aims to find ways to provide the critical minerals the world needs for the energy transition. The partnership will see Rio and...
