Norwegian pension fund manager KLP has sold $366m of bond and equity exposure in 46 companies, including leading miners BHP and Anglo American.
NORWAY Mining News
A law set to pass in June will see the Norwegian Oil Fund divest more from coal, and invest over $20B in renewable energy.
Countries have been scrambling to claim territory or, like China, boost their presence in the region.
The government proposes to expand its coal ban by adding absolute caps on production of thermal coal, or its use in power generation, which would target big companies.
Almost 60% of all new cars sold in Norway in March were fully electric, a global record as the country seeks to end fossil-fueled vehicles sales by 2025.
The company couldn’t detail how much output had been impacted, but said the so-called potlines, which process molten aluminum and need to be kept running 24 hours a day, had switched to manual mode.
The company plans to appoint Hilde Merete Aasheim, who has been head of the company's Primary Metal unit since 2008, as its new CEO in May.
Nussir says the area contains an estimated 72 million tonnes of copper ore - Norway's largest reserve.
Norway’s massive sovereign wealth fund has increased its exposure to coal reserves even after imposing restrictions on investing in the fossil fuel according to a report.
Rio Tinto is close to restarting a sale process for some of its aluminium assets, including a plant in Iceland.
The scientists, from the University of Bergen in Norway, are sending robots 2,500 metres (8,000 feet) down into the waters between Norway and Greenland.
The Norwegian firm, one of the world’s top producers of aluminum and alumina, said the deal faced opposition from European regulators.
Norway's Petroleum Directorate has identified previously unknown deep sea sulphide mineral deposits.
The state energy giant will list 49 percent of its shares in the country's aluminium smelter plant Qatalum in a public offering.
ERAMET said the offer would enable the full consolidation of the TiZir joint venture.
Norsk Hydro ASA to resume full operations at its unit Hydro Alunorte, a court said, in the latest setback after allegations it had contaminated water in the area.
The proposed acquisition also includes an offer for Rio’s 53% stake in the Aluchemie anode plant in the Netherlands and its 50% share in the Alufluor aluminum fluoride plant in Sweden.
A Mi-8 helicopter operated by Russian coal company Arktikugol crashed on Thursday with eight people on board.
The Norwegian mining subsidiary of Australia's Northern Iron Ltd will file for bankruptcy by the end of the day.
Australia-listed Northern Iron warns of "material uncertainty of cash flow" and inability to extend debt maturities.
The SEC said a rule requiring energy and mining companies to disclose payments to governments for the extraction of natural resources won't come until —at least— spring 2016.
Norway’s Government Pension Fund Global (GPFG), the world’s richest sovereign wealth fund, divested from over 50 coal companies in 2014, new analysis has revealed.
New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.
New oil projects are being scrapped in Norway amid falling production and low oil prices.
Costs and challenges for mining the Arctic, meanwhile, on their way up.