February 19, 2023

Governments spent record $1 trillion last year subsidizing fossil fuels

International Energy Agency estimates that the combined subsidies for oil, natural gas, electricity and coal hit an all-time high in 2022.

February 17, 2023

Glencore hit by fresh bribery-related lawsuit in the UK

Legal action is related to alleged losses to shareholders resulting from Glencore's statements to the market on corruption cases.

February 16, 2023

Teck said to plan coal spinoff to focus on metals

The miner is expected to make an announcement on the spinoff as early as next week.

February 15, 2023

South32 half-year profit falls on easing commodity prices

Underlying earnings for the six months ended Dec. 31 was $560 million, compared with $1 billion in the previous corresponding period.

February 15, 2023

China thermal coal hits one-year low on slow industrial recovery

The drop below key levels reflects bearish sentiment as China’s economic recovery hasn’t been as strong as expected.

February 15, 2023

Glencore hands $7.1 billion to shareholders after record profit

High oil and coal prices helped the company to post a record annual profit.

February 13, 2023

Asset managers touting ESG enjoy a turbo-charged coal boom

Thungela Resources CEO is promising to ratchet up production through the end of the next decade at least.

February 13, 2023

China’s top coal supplier switches to more costly auctions

Mongolia is changing the way it sells its product in a bid to improve transparency and reap better returns from its top export earner.

February 13, 2023

Commodities risk lurking in ESG funds now too big to ignore

Analysts estimate that the path to net zero may require digging up 5.2 billion metric tons of metals through 2050, which may be worth as much as $10 trillion.

February 12, 2023

Billionaire drops Australia coal mine appeal in blow for sector

Clive Palmer’s Waratah Coal has withdrawn an appeal to open what would have been the country’s biggest mine.