Anglo American half-year profit best in its 104-year history
The diversified miner reported pre-tax profits of $10.1 billion for the six months to June, more than double what it made in 2020 as a whole.
Coal
Coal mining byproduct effective for land reclamation, study says
A researcher at the University of Alberta in Canada has discovered that nano humus, a substance extracted from coal mine deposits and then crushed to…
Top Ten U.S. miners
Mining in the United States has played a significant role in the country’s development. The Northern Miner presents its annual top-ten list of the largest U.S.-based mining…
Australia must weigh climate change in mine approvals, court says
A federal court in Australia has ruled that the government of Australia must consider the risks carbon dioxide emissions pose to young people when approving…
Glencore grabs Anglo American, BHP stakes in Cerrejon coal mine
Miner and commodities trader Glencore (LSE: GLEN) is buying out partners Anglo American (LSE: AAL) and BHP’s (ASX, LON, NYSE: BHP; LSE: BHP; ASX: BHP) stakes…
Renewables are winning the cost war against fossil fuels, report says
A new report by the International Renewable Energy Agency states that over the past 10 years, clean energy has not only started seriously competing with fossil fuels but…
Canada’s Coal Association responds to Ottawa’s thermal coal mine ban
The Coal Association of Canada says Ottawa’s recent ban on new thermal coal mining projects or plans to expand existing mines on environmental damage grounds…
Investors with US$41 trillion urge G7 to end support for coal
A group of 457 investors, which oversees more than US$41 trillion in assets combined, and a coalition of 79 company CEOs are calling on the…
World’s third-largest pension fund to limit coal-linked investing
South Korea’s state pension fund, the world’s third-largest, says it will stop funding new coal power projects at home and abroad, joining global efforts to…
Australia’s Macquarie bank to exit coal by 2024
Australia’s investment bank Macquarie Group said on Friday it will stop financing coal projects by 2024, adding to a long list of local financial institutions…
Vale buys Mitsui’s stake in Moatize amid plan to exit coal
Vale (NYSE: VALE) has inked a deal to acquire Mitsui & Co’s stake in the Moatize metallurgical and thermal coal mine and port project in…
Glencore shareholders revolt over CEO’s pay
Proxy adviser Glass Lewis, one of Glencore’s (LSE: GLEN) top shareholders, is pushing investors to vote against the company’s plans to pay its new chief…