October 18, 2021

Mitsubishi to spend $17.5bn by 2030 to drive decarbonization

Of Mitsubishi's 2 trillion yen budget, about half will be spent on expanding its renewable energy assets.

October 16, 2021

S. African port operator Transnet declares force majeure at Richards Bay terminal

Richards Bay Bulk Terminal is Africa's largest coal export facility.

October 14, 2021

Asia’s coal mining revival doesn’t mean the energy crisis is over

China, the largest producer and consumer of the fuel, could boost mine output by an extra 100 million tonnes in the fourth quarter.

October 14, 2021

Coal India temporarily stops supplies to industrial users

The move to prioritize supplies to power plants is aimed at helping boost depleted inventories that are putting continued operations at risk.

October 12, 2021

China coal imports surge, prices hit record as floods add to energy woes

China has been grappling with a growing energy crisis brought on by shortages and record high prices for the fuel.

October 12, 2021

US coal use is rebounding under Biden like it never did with Trump

Donald Trump vowed to revive the coal industry, but it’s President Joe Biden who’s seeing a big comeback of the dirtiest fossil fuel.

October 12, 2021

Physical coal prices in China surge on nationwide shortage

Beijing is urging domestic mines to ramp up production even as it tries to strike a balance between energy security and its carbon neutral goals.

October 11, 2021

In a world fighting climate change, fossil fuels take revenge

The cost of coal has surged above $200 a tonne, surpassing the 2008 peak during the last commodity boom, and natural gas in Europe and Asia is at an all…

October 11, 2021

China coal futures surge to record as flooding swamps mining hub

Floods have closed 60 of the 682 coal mines in Shanxi province, which has produced 30% of China’s supply of the fuel this year.

October 10, 2021

Sanjeev Gupta’s GFG Alliance strikes debt deal with Credit Suisse

Zurich-based Credit Suisse had previously disclosed some $2.3 billion worth of loans exposed to financial and litigation uncertainties within Greensill-linked supply chain finance funds, with some $1.2 billion of its…