Investors with $2.2 trillion in assets ask Glencore to disclose thermal coal plans

Europe’s key coal price climbed to a record this week.

Analysts flag 2008-like commodity price reversion possible on Russia-Ukraine tension.

The Ukrainian conflict could roil the world's economic outlook in unpredictable ways, exacerbating those inflationary pressures, analysts say.

Buyers in markets including Europe, Japan, South Korea, and China are scrambling to address their exposure to Russian supply.

The Australian government is helping coal importing nations find alternatives to Russia for supplies by connecting them with local producers.

Futures for high-quality thermal coal loaded on ships at Newcastle port in Australia jumped to $446/t Wednesday.

Stanmore, which signed the deal with BHP in November to buy the stake for $1.35 billion, said it would issue about 631 million shares.

Government agencies have been ordered to push state-owned buyers to scour markets for materials including oil and gas, iron ore, barley and corn to fill any potential gaps.

State-power utility Eskom had initiated the talks last year in a bid to raise money to help reduce its reliance on the coal.