Global coal use to hit record high despite climate fight
Global coal-fired power generation is expected to rise 9% and hit an all-time high by the end of 2021, despite efforts to slash carbon emissions, the International Energy Agency said…
Asia
Rio Tinto to write off US$2.3B Oyu Tolgoi loan to Mongolia
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) will cancel a US$2.3 billion debt owed by Mongolia as part of the government’s share of the development costs for the giant…
Renewables adoption speed still too slow to limit climate crisis — IEA
Growth in renewable energy is set to hit an all-time record this year, but is still falling “well short” of what is necessary to reach net zero emissions by 2050,…
Turquoise Hill okays Oyu Tolgoi US$75M bridging budget
Turquoise Hill Resources (TSX, NYSE: TRQ) has approved a bridging budget of US$75 million that allows the parties involved in the vast Oyu Tolgoi copper-gold mine in Mongolia to progress the…
Inflation anxiety — what’s in store
The Q4 edition of The Northern Miner’s Global Mining Symposium on November 17 and 18 was another resounding success. The conference featured a top notch roster of guests from the…
Rio Tinto CEO, Mongolian PM talk Oyu Tolgoi’s future
Rio Tinto (ASX, LON, NYSE: RIO) CEO Jakob Stausholm met this week with Mongolia’s Prime Minister Luvsannamsrain Oyun-Erdene in the hope of ironing out issues threatening the future of the…
Ghana backs Chifeng Jilong Gold Mining’s acquisition of Wassa mine
China’s Chifeng Jilong Gold Mining has received Ghana’s approval to proceed with the acquisition of Golden Star Resources (TSX: GSC), which owns 90% of the Wassa gold mine in the country’s southwest,…
Coal phase-out may take longer than countries are willing to admit – report
Thermal coal demand is expected to rise until the mid-2020s despite countries agreeing to phase out coal at the recent United Nations Climate Change Conference, according to a new report…
Zijin Mining plans to produce copper at its Buritica gold mine
Zijin Mining, China’s No.1 gold producer, is fine-tuning plans to boost the capacity of its Buritica gold mine in Antioquia, Colombia, to produce copper and zinc as well as gold…
PYX Resources dual lists in London as zircon supply crunch intensifies
Australia-based PYX Resources (NSX: PYX; LSE: PYX) has taken up a secondary listing on the London Stock Exchange to give more investors access to the zircon market while providing the…
Steppe Gold secures US$65M to fast-track ATO Phase 2 build
Steppe Gold (TSX: STGO; US-OTC: STPGF) has secured an investment of US$65 million in debt to fast-track its Phase 2 construction of the Altan Tsagaan Ovoo (ATO) gold and silver…
For developing nations, coal transition requires more than just money
Canada’s efforts to help developing nations transition away from coal won’t pay off unless the countries create policies that encourage its industries to make that shift, researchers said. At the…