June 30, 2021

Steel sector may be saddled with up to $70bn in stranded assets – report

Blast furnaces using coal could become unnecessary or inoperable, resulting in "stranded assets" worth $47 billion to $70 billion, the Global Energy Monitor said.

June 30, 2021

Eskom needs $10bn to repurpose most coal plants by 2050

The utility is in talks with development finance institutions to raise the money.

June 30, 2021

More than 100 coal mines in China halt operations for centennial

In Shanxi, the country’s biggest coal producing province, 128 of the fossil fuel mines accounting for nearly a quarter of the region’s capacity have suspended operation.

June 30, 2021

Biggest China bank walks away from $3bn Zimbabwe coal plan

Industrial and Commercial Bank of China said it wouldn’t fund the 2,800 MW Sengwa coal project in Northern Zimbabwe.

June 29, 2021

How old fossil-fueled power stations can be transformed into clean energy facilities

An analysis by IDTechEx presents the case for turning dying power plants into clean energy storage facilities.

June 28, 2021

In last deal, Glasenberg bets on coal’s long, lucrative twilight

In his last days on the job, Ivan Glasenberg made one last deal, spending $588 million buying out the partners in the Cerrajon mine in Colombia.

June 28, 2021

Coal Association of Canada seeks responsible Alberta development

The Alberta government quietly opened more than a million hectares of land on the eastern slopes of the Rocky Mountains last year.

June 28, 2021

Russell: Commodity outperformance switching to energy from metals

The rally in commodity prices is likely to see a shift from metals to energy resources, such as crude oil, liquefied natural gas (LNG) and coal.

June 28, 2021

China approves expansion of capacity of coal mine in Xinjiang region

The approval granted to Shaduizi coal mine, located in Sandaoling mine area in the northwestern region.

June 28, 2021

Glencore grabs Anglo American, BHP stakes in Cerrejon coal mine

Based on expected operating performance and current coal prices Glencore expects to pay only $230 million for the combined 66.6% stake.