Anglo American lowers thermal coal forecast amid move to exit sector

Ah, youth.

Research suggesting that the country's economy would not be hurt by a gradual phasing out of coal production is met with ire.

Operational challenges and regulatory uncertainty in the region will keep a lead on its resources sector until at least 2020, says BMI research.

The proposed operations, worth about $3 billion in potential investments, could add up to 95,000 barrels of oil per day to current output.

The energy company is making the move as an acquisition by Enbridge looms.

The situation could add further heat to prices that have nearly doubled since the start of August.

Out of 75 documented threats against nine designated natural and cultural sites, 23 belong to the "physical resource extraction" category.

Europe's biggest energy project and the UK's first nuclear plant in a generation is greenlighted.

Jindal Steel & Power Ltd. is also planning to resume operations in Mozambique as coking coal prices have more than doubled this year.