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...The company has long insisted that publicly listed mining groups are better placed to responsibly run down coal mines as the world decarbonises, rather than selling them to privately held companies that...
...“The same way we have been doing it for all these years for bulk minerals like copper and coal, we will be doing it for critical minerals.”...
...In addition to carbon standards, the EPA also announced rules for coal ash management and toxic metal and water pollution from coal plants....
...Mining and trading group Glencore recorded a big increase in carbon emissions last year after it expanded coal production and restarted an oil refinery in South Africa that was closed by an explosion....
...Mining M&A only tends to generate large cost savings when the two companies’ operations are in close geographical proximity to one another....
...He contemplated selling or spinning off everything from Kumba Iron Ore and platinum mines in South Africa to Australian coal to restore the mining group’s fortunes....
...As coal is the largest contributor of energy-related emissions, Lamboll said the growth in coal capacity could jeopardise this....
...BHP has proposed a £31bn takeover of Anglo American that would bring together two global mining companies and rank as one of the industry’s largest transactions in years....
...But Indonesia has faced growing criticism from environmental groups over forestry loss, mining waste pollution and high carbon emissions because of its reliance on coal-fired power....
...Besides diamonds, the London-based company managed to maintain its guidance across its other commodities such as copper, iron ore and steelmaking coal....
...The debt reduction plan aims to pave the way for the Swiss group to spin off a separate coal company in the second half of 2026, in what would be its most radical restructuring since buying mining group...
...The two companies could perhaps share infrastructure for their metallurgical coal mines in Queensland Australia. Both have iron pellet businesses in Brazil....
...Ahead of discussions scheduled in June, the US and the EU have differed over the extent of a proposed ban on OECD countries extending export credit agency loans and guarantees for oil, gas and coal mining...
...“Mining companies are playing a constant game of chicken with each other,” said Larisa Yarovaya, associate professor of finance at the University of Southampton....
...London should ditch aspirations to be a global centre for technology company listings and instead focus on reversing the flight of mining groups to Australia and Canada, says the head of a UK private equity...
...India is seeking to revive underground coal mining as it tries to boost production to meet the country’s fast-growing energy needs despite international pressure to phase down use of the polluting fossil...
...“What we remember is that it dumped coal and then created a small company called South32, which is now marginal,” Mantashe warned....
...And when mining stocks are trading at below replacement cost, it’s much easier to buy than build. The pay-off is immediate. Mining stocks are currently below replacement value? Mostly, yes....
...INA is in talks with foreign companies for joint investments in nickel mining, smelting and battery manufacturing, Porwanto added....
...But its speciality business agreed to insure thermal coal mining company Global Mining Holding Company, LLC, and its subsidiary Signal Peak Energy for up to $2mn, for the two years to November 2023, according...
...Glencore’s last deal was to acquire coal. BHP said it was reassessing a nickel project it acquired last year with Oz Minerals....
...For example, the framework for metals and mining is “material-agnostic”, including towards coal mining, though it notes the high emissions of coal combustion....
...A consortium led by Glencore has struck a $9bn deal to buy the coal business of Teck Resources, as the London-listed mining and trading giant doubles down on the fossil fuel....
...The resilient performance came even as overall revenues for the company’s collection of businesses — which also include mining, renewables and airports — dropped 40 per cent to Rs225bn....
...In the coal mining sector, regret has worked the other way around....
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