World’s two largest asset managers have invested $170bn in coal
The figure pales in comparison to the $1 trillion in coal investments held by almost 4,500 institutions globally as of January this year.
Cecilia Jamasmie , Editor-in-Chief
Posts by Cecilia Jamasmie:
Nanotechnology platform to trace diamonds launched
Nano Innovator Holdings (NIH) has unveiled a prototype platform for end-to-end identification of rough and polished diamonds that uses nanotechnology.
Anglo American ended 2020 stronger than expected
The miner beat expectations with a small fall in 2020 earnings, but boosted dividend as soaring commodity prices helped it recover from covid-19 disruptions in the first half of the year.
Fortescue apologizes for clearing land on Aboriginal sacred site
The incident comes come barely a day after BHP reported rockfall damage to a culturally significant site in the Pilbara region.
Brazilian Nickel gets green light for small-scale Piauí project
It has received an installation licence for PNP1000, the initial, small-scale production phase of its Piauí nickel-cobalt project, in Brazil’s north-east.
Brazil BNDES sells stake in Vale for $2 billion
The bank has closed out its stake in the iron ore miner, selling 188.5 million shares and raising about $2 billion.
Nevada takes title as world’s top mining destination
Nevada replaces iron ore-rich Western Australia as the most attractive mining jurisdiction, according to the Fraser Institute.
Canada could be top player in global EV battery market — report
BMI says the combination of natural resources and a highly skilled workforce should help developing a sustainable value chain for battery materials.
Rio Tinto’s former boss gets huge payout despite caves blast
Jean-Sébastien Jacques received $18.6 million in pay and long-term incentive rewards last year, compared to $9.9 million in 2019.
Southern Ecuador’s Cuenca bans large-scale mining
More than 80% of the electorate voted this week in favour of the ban, which should not affect existing projects.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
