United Tractors seeks gold, nickel in move to cut coal sales
Company is in “full throttle” for new metals and renewable assets as the Indonesian company aims to cut its reliance on coal to half the total income by 2030.
If 2021 was a year of volatility and uneven performances for commodities, then 2022 is shaping up as a rinse and repeat as uncertainty over the pandemic recovery remains the dominant theme, writes Clyde Russell.
The seaborne thermal coal market has been in disarray since Indonesia, the world’s biggest exporter, announced it would halt exports for January so it could replenish stockpiles.
The two European Union neighbours have been locked in a dispute over Poland's extension of mining at Turow, which feeds an adjacent power plant important to Polish energy supply.
Recent drilling by CarbonSAFE is expected to provide information on the viability of a second carbon storage site in the top coal-producing state in the US.