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...Earlier this year, Avangrid and New Mexico electric utility PNM Resources called off a proposed $8bn merger after a state regulator blocked the deal over concerns it would hurt customers....
...Just remember that Marius Kloppers did the same in 2008 when then-BHP Billiton’s year-long pursuit of Rio Tinto collapsed....
...Under MacKenzie, BHP spun off a group of non-core assets into a new company South32, and sold its lossmaking US shale oil business....
...BHP has a complicated history in South Africa. The Melbourne-based miner demerged its operations in the country in 2015 as South32, in effect reversing its 2001 merger with Billiton....
...DBS Bank O: 7; L: 8; I: 8; Total: 23The legal and compliance team put new structures in place to handle issues relating to sustainability, intellectual property and new business initiatives....
...That is around a quarter below listed peers BHP Billiton, Rio Tinto and Anglo American. No wonder Glencore buys its own stock....
...Mexico coal plant by three months to September....
...Its share price surged 36 per cent to $7.90 on Thursday’s news....
...Companies such as his should be able to continue investing in new production — and should be rewarded for doing so, he says....
...Laterite has also been found in the Philippines and New Caledonia....
...Only Glencore has managed to buck the trend, helped by its exposure to thermal coal — one of the few commodities to escape the recent rout....
...The ETM funds the decommissioning of coal-fired power plants while also backing new renewable projects, thereby helping to accelerate energy transition in those countries....
...Last week, BHP’s board approved a $544m budget to develop an oil project in the US Gulf of Mexico and $258m to progress another field offshore from Mexico....
...BHP has also put its last remaining thermal coal mine up for sale as it looks to focus on greener commodities under chief executive Mike Henry....
...This arrangement dates back to BHP’s 2001 merger with South African’s Billiton and involves two companies with separate legal identities and stock market listings in Sydney and London, which operate as if...
...In August 2020, BHP announced plans to exit thermal coal and also to dispose of its 80 per cent share in a joint venture with Mitsui that owns two lower-quality coking coal mines in Queensland....
...Coal generation jumped 18 per cent last year, the first increase in almost a decade according to Rystad Energy. If tensions persist, the firm expects coal generation to jump another 11 per cent....
...Governments worldwide are spending at least $1.8tn a year on subsidies in support of heavily polluting industries led by coal, oil, gas and agriculture, according to new research, despite their commitment...
...group Legal & General and mining giant BHP Billiton....
...But Chinese companies have cemented their control over most of the production of nickel in Indonesia, the world’s largest producer, using coal-fired power in the process....
...Trident last month secured an option to buy a royalty on the Sonora Lithium Project in Mexico, increasing its exposure to the battery metal....
...BHP plans to spend more than $2bn on oil and gas development in the current financial year, and has outlined plans to keep mining coal well into the 2050s....
...“They sold the US onshore oil business and now have a much more transparent approach to new projects.”...
...A minister in Morrison’s cabinet also recently dismissed the UN’s attempt to wind down coal usage, adding that coal would remain a major part of the Australian economy “well beyond 2030”....
...PNM, which supplies electricity to homes in New Mexico and Texas, will be merged with Iberdrola’s North American Avangrid arm....
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