Higher coal prices will likely mean steeper electricity costs for industrial customers.

The operation is scheduled to ship first cargoes before the end of December and aims to supply an initial 10 million tonnes of thermal coal annually for at least 30 years.

Gary Nagle said it was in the best interests of both the company and the planet for Glencore to run down the mines over the next 30 years.

The funding, $35 million in total, is being awarded to 12 projects.

The gold miner must come up with a new plan to move more than 20 short-tailed chinchillas from its Salares Norte site.

The Dublin-based institution’s purchase of 2 tonnes of gold in recent months has ended a more than decade-long period of unchanged holdings of the precious metal.

Tin is in the grips of one of the longest-running squeezes ever seen in commodities markets, and there’s little sign of it letting up.

Steel production generates an estimated 7% of global greenhouse gas emissions and some processes can’t easily run on electricity.

In the 12 months through Oct. 27, Standard Lithium soared more than 600% on the back of surging EV demand and the promise of a patented method of removing the metal from brine.

US power plants are burning more coal amid a global shortage of natural gas.

Glencore is the world’s biggest thermal-coal shipper and its billionaire former boss Ivan Glasenberg has been a firm advocate of the business.

“We’ve seen big progress in correcting contract prices,” Nippon Steel says.