Some coal producers are having to set aside tens of millions of dollars to cover their own risks as they are cut adrift by insurers, making it more difficult and costly to do business amid a surge in demand for the fossil fuel. Dozens of insurers have announced...
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%...
Germany is pushing South Africa to phase out coal as agreed, despite domestic opposition to the planned mothballing of aged power plants amid repeated power outages in the African country. Germany’s Foreign Minister Annalena Baerbock visited Johannesburg on on the...
An open cast coal mine in Welzow, Germany. The nation now generates more than a third of its electricity from coal-fired power plants. | REUTERS Germany is set to boost its reliance on coal as it battles an unprecedented energy crisis — even at the expense of its...
In what has been described as “the biggest clash between the mining industry and Federal Government in more than a decade”, Australian coal miners are set to launch a multimillion-dollar advertising campaign against a proposed cap on coal prices. The news...
