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...Jin said while the AIIB had ruled out funding coal-fired projects, it could not completely prohibit gas for client countries that were transitioning to cleaner energy....
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...He had acquired the assets via his Wyloo company last year....
...The US bank said efforts to cut back the use of coal, oil and gas had been hit by higher interest rates and inflation, as well as the wars in Ukraine and the Middle East....
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...“What we remember is that it dumped coal and then created a small company called South32, which is now marginal,” Mantashe warned....
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...China buys about 40 per cent of Russia’s crude oil and most of its coal. It is one of the top three buyers of Russian oil products, pipeline gas and LNG....
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...Rio Tinto acquired the Benga coal project in north-western Mozambique in April 2011. It planned to send the coal by barge down the Zambezi river to an Indian Ocean port but quickly ran into problems....
...We increased by about 10 per cent the coal utilisation,” he added....
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...The US also sanctioned coal producer Suek and steelmaker Mechel, two of the country’s top 50 companies by revenue, in an effort to further limit Russia’s revenue from commodities exports....
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