Glencore’s announcement comes amid growing tension between coal exporters and the state government over the windfall coal royalty charges.
Glencore plans to close 12 coal mines in the next 12 years to meet its emissions reductions targets. It can do that without making a dent in its profits.
A London court heard details of employees and agents using private jets to transfer cash that was hand-delivered to officials in African countries to get access to oil.
Australia’s largest coal miner says data showing coal was the nation’s most valuable export in May underline its continuing importance in energy security.
When the nickel price soared 250 per cent this week it provided a dramatic illustration of the economic carnage flowing from Russia’s invasion of Ukraine and the West’s responses to it.
Could a new ‘super cycle’ in commodities be underway? Commodity prices have soared as supply hasn’t been able to keep up with demand. Some believe the shortfalls in supply could last a decade or more.
With investors becoming increasingly environmentally conscious,it isn’t surprising that BHP is considering selling its oil and gas business. But it is at odds with the strategy of one of its peers.
A coal mine in the NSW Hunter Valley has leaked the equivalent of more than a million tonnes of carbon dioxide since it was mothballed in 2014 without any penalty or restriction.
There is much at stake at the Upper Hunter May 22 byelection with locals wanting “real talk” about what to do once coal is no longer king.
The downward trend is at odds with rhetoric from candidates vying for votes in the crucial Upper Hunter byelection.
Local indigenous groups say the area is an important historic site that was the likely staging ground for a massacre.