Sasol abandons plans for Indonesian coal to liquids project

Sumitomo is slated to acquire a 30% equity share of the Winu project in Australia.

The company said it will adjust its distribution network to answer to the geographical changes on global steel production.

Nippon Steel hopes to close the deal before Trump retakes the White House on January 20.

Peabody obtained a $2.1 billion bridge loan to help it pay for the acquisition, according to a Nov. 25 filing.