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...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....
...Second, there is now serious money moving into this space, as venture capitalists scramble to find the next big thing....
...Soon afterwards, Geovanis became chief executive of Somerset Coal International, a small Moscow-based mining technology company whose shareholders included Black....
...Third Point has been looking to raise about $300m for its first dedicated venture capital fund and has completed its first close, said a person familiar with the fund....
...Energy investors are focused on green power generation while venture capitalists “want to write a $5m cheque for some new, hot technology”, he added. “There is lots of money going into [both]....
...The US coal industry was already in trouble before coronavirus. A cost-saving joint venture proposed by Peabody and Arch Coal was blocked by the Federal Trade Commission....
...As the FT’s Katie Martin wrote in this opinion piece, fabled investors were hunting for canaries in the coal mines in the financial sector....
...Venture capital firms including Kleiner Perkins and Obvious Ventures gained the ability to cash out on Tuesday, locking in gains following the company’s May initial public offering....
...The facility, which will sit on 366 acres of land, aims to create jobs in Morehead, Kentucky, a depressed area in the foothills of the Appalachian Mountain range where the coal industry once thrived....
...Agency executives say the comparison is farfetched in today’s more competitive market, and that their own production ventures are managed separately....
...His next venture is to grow hemp to produce cannabinoid oil for the alternative health market — an industry which he says has not yet been sewn up by big corporations....
...Christmas is coming and it is time once again for the Long View to pay its annual visit to the offices of Hindsight Capital LLC....
...Westinghouse is one of only two big US nuclear engineering companies, along with General Electric, which has a joint venture with Hitachi of Japan....
...The nightclub was at first opposed by the Coal Harbour Residents’ Association, which butts against the hotel, protesting it would be too noisy and attract drunken revellers....
...Since the deal, the price of thermal coal has collapsed....
...When the board of 1MDB met in September 2009 to ink its first joint venture, Mr Low was there....
...“Maybe another year, and you’ll be cheaper than new domestic coal projects as well,” he says, noting that Indian conglomerates with interests in coal are now among the active bidders for solar plants....
...To bolster Noble’s balance sheet, Yusuf Alireza, chief executive, has arranged to sell its stake in an agricultural joint venture to Cofco, a state-backed Chinese food trader, for at least $750m....
...Anglo is seeking to cut its net debt, which stood at $13.5bn at the end of June, although the completion of the sale of the group’s stake in the Lafarge-Tarmac joint venture has cut this level to $11.9bn...
...Founded in 1915 to move coal along the Kentucky River, the company freights a wide range of goods, from chemicals and fertilisers to construction materials, coal and grains....
...The company’s investments include some new carriers for dry bulk commodities such as coal....
...Last year New York private equity investor Apollo invested $300m in NRI Management, a Virginia-based mining company that aims to focus on coal....
...In June it helped finance a Kentucky mine from which it will buy coal. Last month it bought a royalty interest in oil and gas wells across New Mexico and Colorado....
...Westinghouse will buy the stake from Iberdrola, the Spanish utility, which is leaving the venture. France’s GDF Suez will hold on to its 50 per cent share....
...’s decline hits hardest in the mines of Kentucky (WSJ) OVERNIGHT MARKETS Asian markets Nikkei 225 up +197.61 (+1.28%) at 15,647 Topix up +10.63 (+0.85%) at 1,258 Hang Seng up +149.80 (+0.63%) at 23,956...
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