Glencore may look at Anglo mines if Peabody deal fails
GLENCORE might lodge its interest in Anglo American's Australian metallurgical coal mines should their sale to Peabody Energy not be consummated.
Last week Peabody CEO...
Glencore posts 30% hike in net debt as coal, copper slump
GLENCORE posted an interim attributable loss on Wednesday of $655m (2024: -$233m) owing to continuing slump in coal prices and disappointing copper output.
Mining earnings...
Peabody weighs arbitration in Anglo coal dispute: AFR
PEABODY Energy stands ready to take its $5.87bn acquisition of Anglo American's Queensland coal assets to arbitration, claiming an underground fire has reduced their...
Anglo will be “pragmatic” in getting Peabody deal over the line
ANGLO American CEO Duncan Wanblad said he would be "pragmatic" about selling the firm's metallurgical coal assets in Australia amid a dispute with buyer,...
Global coal output set for record year: IEA
WORLD coal production is expected to reach an unprecedented 9.2 billion tons in 2025 as fossil fuel demand maintains record levels despite environmental commitments.
This...
SA coal exports may hit 57Mt as TFR continues turnaround
THE turnaround in coal exports during 2024 through the Richards Bay Coal Terminal (RBCT) that was reported in January has continued into 2025 with...
Paladin under pressure as output falls short of forecast
SHARES in Paladin Energy plummeted on Wednesday following the release of quarterly results that, whilst showing improved production figures, delivered disappointing forward guidance from...
World Bank backs Mozambique hydropower megaproject
THE World Bank has approved funding for Mozambique's $5bn Mphanda Nkuwa hydropower plant, Southern Africa's largest such project in 50 years that could also...
Coal decline risks poverty crisis, warns Thungela chief
THE uncontrolled decline of coal production poses a greater immediate threat to global communities than climate change itself, according to July Ndlovu, the outgoing...
Exxaro calls time on unsustainable Leeuwpan Colliery
A FORMAL Section 189 consultation has been launched with the relevant trade unions at Exxaro’s lossmaking Leeuwpan Colliery, which has become unsustainable in its...