Peabody Energy to disclose more climate risks to investors
Peabody’s concessions came in response to a probe that found the company had not been forthright with investors and regulators about threats to its business.
Molycorp's mould-breaking deal with Neo Material Technologies sent its shares rocketing in New York on Friday and some industry observers say the tie-up creates a vertically integrated company that will transform the industry. Others see REE prices continuing to drop with some already down 70% and China's grip on the market undiminished – exports could double this year and domestic production continues to ramp up.
Coal-reliant Poland on Friday vetoed European Union efforts to move further towards a low carbon economy, pitting itself against the rest of the 27-member bloc.
South Africa took a step closer on Thursday to create a standalone mining company that will take charge of the government's role in the country's rich resources and with ambitions of becoming involved in the continent's mining sector.
Xstrata's relentless appetite for coal, particularly the metallurgical variety, was again evident on Thursday after it bought Talisman's Peace River deposit for $500 million.
China, the world’s largest supplier of rare earth, may almost double exports this year, meeting quotas set by the government as lower prices continue to stimulate demand.
Mongolia's plans, first mooted in 2010, to sell a stake in its Erdenes Tavan Tolgoi coal-mining company to the public faces more delays over politics and regulatory problems while talks with companies to developed the western block of the largest coking coal deposit on the globe are also on ice.
Ivanhoe announced on Thursday its Australian project is producing copper and gold ahead of schedule. Last week the company said Ivanhoe Australia is on the chopping block as its mega-mine in Mongolia requires all its financial resources.
Positive stress test results have been successful in calming anti-nuclear sentiments, following protests against nuclear energy that stemmed from the Fukushima disaster in March 2011, according to a new report by English energy research company GlobalData.