US markets climb, Aug. 2-Aug. 6
The Dow Jones Industrial Average gained 273.04 points or 0.78% to 35,208.51 during the Aug. 2-6 trading week and the S&P 500 rose 41.26 points or 0.94% to 4,436.52. Spot…
Coal
Curb your enthusiasm: No end in sight for burning coal
While some banks and other lenders are cutting off funding for new coal-fired power plants and turning their backs on coal mining projects more generally, the number of new coal…
Anglo American half-year profit best in its 104-year history
The diversified miner reported pre-tax profits of $10.1 billion for the six months to June, more than double what it made in 2020 as a whole.
Coal mining byproduct effective for land reclamation, study says
A researcher at the University of Alberta in Canada has discovered that nano humus, a substance extracted from coal mine deposits and then crushed to a black, powdery material, is…
Top Ten U.S. miners
Mining in the United States has played a significant role in the country’s development. The Northern Miner presents its annual top-ten list of the largest U.S.-based mining companies ranked by market capitalization,…
Australia must weigh climate change in mine approvals, court says
A federal court in Australia has ruled that the government of Australia must consider the risks carbon dioxide emissions pose to young people when approving new coal mines or expansions…
Glencore grabs Anglo American, BHP stakes in Cerrejon coal mine
Miner and commodities trader Glencore (LSE: GLEN) is buying out partners Anglo American (LSE: AAL) and BHP’s (ASX, LON, NYSE: BHP; LSE: BHP; ASX: BHP) stakes in the Cerrejón thermal coal…
Renewables are winning the cost war against fossil fuels, report says
A new report by the International Renewable Energy Agency states that over the past 10 years, clean energy has not only started seriously competing with fossil fuels but has significantly undercut them when…
Canada’s Coal Association responds to Ottawa’s thermal coal mine ban
The Coal Association of Canada says Ottawa’s recent ban on new thermal coal mining projects or plans to expand existing mines on environmental damage grounds will lead to the market…
Investors with US$41 trillion urge G7 to end support for coal
A group of 457 investors, which oversees more than US$41 trillion in assets combined, and a coalition of 79 company CEOs are calling on the G7 — Canada, France, Germany,…
World’s third-largest pension fund to limit coal-linked investing
South Korea’s state pension fund, the world’s third-largest, says it will stop funding new coal power projects at home and abroad, joining global efforts to reduce carbon emissions and pursue…
Australia’s Macquarie bank to exit coal by 2024
Australia’s investment bank Macquarie Group said on Friday it will stop financing coal projects by 2024, adding to a long list of local financial institutions that have withdrawn their support…