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…

October 7, 2021

Coal industry is getting ample funding to pile into new plants

Less than 5% of the firms on the Global Coal Exit List have announced a coal exit date, according to a report.

October 7, 2021

Eskom CEO calls for careful South African coal transition

Country aims to cut coal's share of the energy mix to less than 60% by 2030 from around 75% now.

October 5, 2021

Vista thermal coal expansion will be subject to federal review after all

Coalspur Mines' Vista expansion in Alberta close enough to the 50% benchmark, Canada's minister of environment and climate change says.

October 5, 2021

Australia approves third new coal mine extension in a month

Environment Minister Sussan Ley approved the extension for Glencore's Mangoola thermal coal mine in New South Wales.

October 4, 2021

China relaxes coal mine safety efforts on electricity crisis

Accidents will no longer result in the shutdown of nearby mines for safety inspections.

October 4, 2021

India asks Coal India to invest in electric vehicles, charging pods

The federal government-controlled miner has already announced plans to invest in solar wafer manufacturing and power generation.

October 3, 2021

Coal price surges to record as global scramble for energy accelerates

Coal prices soared to their highest on record as China accelerated a global struggle for resources that has brought the dirtiest fossil fuel roaring back.

October 1, 2021

India snags cheap Australian coal sitting at Chinese ports

The fuel is being bought at a $12 to $15 a tonne discount to fresh shipments from Australia.

October 1, 2021

China’s coal miners told to produce even if they’re over quotas

The country controls coal production under a quota system that caps annual output of mines in order to manage supply.