Eskom needs $10bn to repurpose most coal plants by 2050
The utility is in talks with development finance institutions to raise the money.
Latest Stories
Dalian iron ore price set for seventh straight quarterly gain
China is pausing industrial activity to clear air pollution ahead of the Chinese Communist Party’s 100th anniversary celebration later this week.
US EPA weighs Taseko copper mining process akin to fracking
The Canadian firm wants to use a process that involves injecting sulfuric acid and water deep underground to break up a mineral deposit.
Orla Mining shares surge on $35 million financing
An unnamed institutional investor participated in the financing, becoming the company's latest accredited shareholder.
Copper price set for smallest quarterly gain since March 2020
China curbs and expectations of sooner-than-anticipated policy tightening in the United States have pressured prices.
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.
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.
Myanmar army tightens grip on lucrative jade sector
Myanmar produces about 70% of the world's jade, but the industry is plagued by conflict, corruption and environmentally destructive practices.
Renault pledges to cut battery costs 60% this decade in EV push
Renault also plans to lower the cost of its electric motors by 30%, make them more compact and extend their range.
