May 31, 2024

German coal company to get about €1 billion for shutting mines

Lausitz Energie Bergbau had initially been promised €1.75 billion by the government to cover mine rehabilitations and closures.

May 31, 2024

Glencore’s climate action plan wins more support from shareholders

The new plan published in March included an intermediate target to reduce emissions by 25% by 2030.

May 30, 2024

Anglo starts formal divestment of coal, nickel after rebuffing BHP, CEO says

It is said that Anglo's five operating coal mines, development projects and joint ventures in Australia have sparked "more interest" over the past weeks.

May 30, 2024

How a rattled South Africa became Anglo’s best defence against BHP bid

More than 20% of Anglo shares are held by South African investors.

May 29, 2024

Glencore to consult investors on coal spinoff after Teck deal

Several of Glencore’s largest shareholders believe the company should retain its coal assets.

May 29, 2024

Mining M&A slips as firms lawyer-up to fight regulators

The value of deals in the industry declined 12.5% to $74.2 billion this year.

May 29, 2024

Mongolia defends plan to tap mining riches for new sovereign wealth fund

Mining represented 28% of Mongolia’s GDP last year and comprised 92% of all exports.

May 28, 2024

Europe’s biggest pension fund sells €10 billion in fossil fuels

Stichting Pensioenfonds ABP has now exited all liquid assets in oil, gas and coal.

May 28, 2024

BHP and Anglo remain split on South Africa as time runs out

BHP has until 5 p.m. London on Wednesday to commit to an offer.

May 27, 2024

JPMorgan says BHP plan risks $4.3 billion South Africa outflow

Such an outflow, if a deal goes ahead, could weaken the rand.