Teck jumps on buyback, debt plan after coal sale to Glencore

The Canadian mining company said it will buy back as much as $2 billion of B class shares, and distribute roughly $182 million to shareholders.

Bloomberg News | July 5, 2024 | 9:26 am

Australian coal stocks rally on Anglo American mine explosion

Australian coal stocks are headed for their best week in years.

Bloomberg News | July 5, 2024 | 7:15 am

Canada approves Glencore takeover of Teck coal unit, with conditions

The government is planning to approve the deal as soon as Thursday, Globe and Mail said.

Reuters | July 4, 2024 | 4:32 pm

BHP cuts employee incentives by 20% globally — report

The world's largest listed miner is reportedly paying only 80% of short-term incentives offered in 2023-24, as it missed performance goals.

Cecilia Jamasmie | July 4, 2024 | 5:57 am

Indonesian miner seeks M&A targets in shift from dirtiest coal

PT Delta Dunia aims to increase the contribution of lower-emission coal to 28% of revenue by the end of this year.

Bloomberg News | July 3, 2024 | 3:28 pm

Anglo considers options to sell coal assets after fire

The company is still reluctant to abandon the sales process despite the setback, given the strong early interest it received in the mines.

Bloomberg News | July 2, 2024 | 11:12 am

Indonesia’s Delta Dunia eyes more deals as it completes US coal buy

The Jakarta-listed company has been diversifying beyond its home base of Indonesia where it runs its BUMA coal mining services business.

Reuters | July 2, 2024 | 5:49 am

Anglo coking-coal mine blaze to have months-long impact

The blaze may complicate the London-based company’s plan to sell its assets that mine the steelmaking fuel, after it rebuffed a $49 billion takeover by BHP Group.

Bloomberg News | July 1, 2024 | 12:16 pm

Anglo American battles underground fire at Australian coal mine

It is the same mine where an explosion in May 2020 critically injured five workers.

Reuters | June 30, 2024 | 8:44 am

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China’s August coal output up on more power, chemical demand

Britain’s approval of new coal mine unlawful, court rules

Indonesia’s Adaro plans $2.5 billion coal sale in green turn

JV Video: Canada’s flow-through regime provides incentive to global mining investors, says PearTree CEO

Vedanta Resources raises $900 million via dollar bonds

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