September 16, 2021

Russia mulls new extraction tax and higher profit tax for metals firms

Russia's finance ministry proposed setting a mineral extraction tax linked to global prices for producers of iron ore, coking coal and fertilizers.

September 16, 2021

Coal funding persists even as climate worry grows

Coal might be the dirtiest word in climate politics in the run up to the United Nations COP26 summit.

September 16, 2021

US miners decry mineral royalty plan floated in Congress

The proposed $3.5 trillion reconciliation spending measure would set an 8% gross royalty on existing mines and 4% on new ones.

September 15, 2021

Australia snubs court’s climate order to approve coal project

Environment Minister has given environmental consent for Whitehaven Coal to proceed with a $440 million plan to extend open-cut mining at its Vickery operation in New South Wales.

September 15, 2021

Which countries have the world’s largest coal reserves?

The world has about 139 years of coal left at current consumption levels and excluding unproven reserves.

September 15, 2021

Goldman almost doubles Asia coal forecast on supply crunch

The bank lifted its 2022 forecast to $120 a tonne from $85.

September 15, 2021

FirstRand bank to end loans to new coal mines, plants in 2026

It makes it one of only two big South African lenders to close the door on funding for such activities altogether.

September 14, 2021

China’s coal output edges up in August as mines reopen

Coal production over the first eight months of 2021 was 2.6 billion tonnes, up 4.4% on year.

September 14, 2021

Teck Resources weighs sale, spinoff of $8 billion coal unit

Exiting coal could free up resources for Teck to accelerate its plans in commodities like copper.

September 14, 2021

BHP’s net-zero targets don’t include its steelmaking customers

The company says it’s working with industry giants including Japan’s JFE Steel and China’s HBIS Group on ways to reduce manufacturers’ carbon footprint.