Move comes on the heels of Rio Tinto’s decision to resume work on a $5.3 billion expansion of the Oyu Tolgoi copper mine, following a three-year delay due to disputes with authorities.
Glencore's boss has consistently spanked his competitors for wasting and ultimately popping the now deflated long resources boom through a suicidal splurge on growth that took no account of demand and pricing.
Several major producers including ConocoPhillips Canada, Canadian Natural Resources, and others, may be able to resume operations faster than many would have thought, though there are logistical challenges.
The report considers how the use of coal contributes to affordable energy prices, and allows broader access to electricity and improved industrial competitiveness of economies in various regions.
Blankenship is expected to begin serving his time in California today, after being convicted of conspiring to wilfully violate mine safety standards at West Virginia's Upper Big Branch coal mine.
Canada’s largest pipeline company's first-quarter profit rose as record volumes carried on its main pipeline system helped shield it from a sustained drop in oil prices.
According to the University of Oxford’s Smith School of Enterprise and the Environment, Japan’s plants are set to become stranded assets as a result of overcapacity and cheaper power sources, such as renewables.