Blast furnaces using coal could become unnecessary or inoperable, resulting in "stranded assets" worth $47 billion to $70 billion, the Global Energy Monitor said.

The utility is in talks with development finance institutions to raise the money.

In Shanxi, the country’s biggest coal producing province, 128 of the fossil fuel mines accounting for nearly a quarter of the region’s capacity have suspended operation.

Industrial and Commercial Bank of China said it wouldn’t fund the 2,800 MW Sengwa coal project in Northern Zimbabwe.

In his last days on the job, Ivan Glasenberg made one last deal, spending $588 million buying out the partners in the Cerrajon mine in Colombia.

The Alberta government quietly opened more than a million hectares of land on the eastern slopes of the Rocky Mountains last year.

The rally in commodity prices is likely to see a shift from metals to energy resources, such as crude oil, liquefied natural gas (LNG) and coal.

The approval granted to Shaduizi coal mine, located in Sandaoling mine area in the northwestern region.