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...One of its rationales for the proposed coal spin-off is to secure a higher valuation for its portfolio of copper, cobalt, nickel and zinc mines as the company has argued that their value is dragged down...
...“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.”...
...Adjusted earnings before interest, taxes, depreciation and amortisation fell 50 per cent to $17bn, as 2022’s bumper earnings from coal returned to more normal levels, while weak markets for cobalt, nickel...
...electric car battery and steelmaking ingredient, has faced growing criticism from environmental groups for causing forestry loss, mining waste pollution and high carbon emissions because of its reliance on coal-fired...
...Glencore’s last deal was to acquire coal. BHP said it was reassessing a nickel project it acquired last year with Oz Minerals....
...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...
...Existing satellites have detected more than 500 “super-emitting” events in 2022 from oil and gas operations, the IEA said, with a further 100 such events at coal mines, which can release methane during or...
...That would leave behind a sizeable metals mining, processing and trading business, with nickel, cobalt and copper mines stretching from Canada to the Congo....
...Eskom has imposed rolling blackouts because of constant breakdowns at its coal power stations....
...The country has been on a coal power permit binge, approving the equivalent of two new coal power plants a week last year — the highest level since 2015....
...Brookfield argues that private capital is needed for the country to rapidly reduce its reliance on coal-fired power plants for electricity if it is to meet its net zero targets....
...Glencore says it is focused on growing its metals business and producing materials such as copper, cobalt and nickel that are essential for the energy transition....
...The subtle shift in power towards the producers of sought-after battery metals is similar to other commodities shifts of the past, like the rise of coal during 19th century or the rise of tin during the...
...In aggregate, the adverse effects will be more than offset by putting a stop to coal mining but that won’t be true for some local communities....
...It’s a cheaper way of generating energy than gas or coal.”...
...Replacing existing coal, oil and gas-fired plants should wait until those assets have reached the end of their economic lives rather than consigning them to the scrapheap prematurely....
...Production of copper, zinc, cobalt, lead and coal was in line but copper output fell by 15 per cent compared with the same period a year earlier....
...A weaker cobalt price also hurt copper earnings, with the formerly hot battery metal now in oversupply....
...Unlike cobalt and nickel, lithium cannot be “engineered out” of the lithium-ion batteries that power the EV sector....
...Letter in response to this article: Are education publishers the AI canary in coal mine? / From James Morris, Malmesbury, Wiltshire, UK...
...The company, which denies Hindenburg’s allegations, pulled out of purchasing a $847mn coal power plant in India in February and has since refrained from making new deals....
...MetalsCo, also dubbed “GlenTeck”, would run the combined metals mining and trading operations of the two companies — and derive 60 per cent of its earnings from copper and its byproduct, cobalt....
...Greengold added that ARKK represents “the canary in the coal mine for the regime shift because it began its descent in February 2021” and was the first of many prominent growth funds, including Baillie Gifford...
...India is set to offer billions of dollars in subsidies for companies making electricity grid batteries as it tries to speed up its transition from coal....
...Yet demand for critical minerals including rare earth elements, lithium and cobalt are expected to surge by as much as 600 per cent over the coming decade....
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