A consortium led by Golden Energy is sounding out private credit funds to finance its $1.65 billion acquisition of South32's Illawarra coal operation in Australia.
The hedge fund also recommended increasing dividends by discontinuing share buybacks and divesting a minority stake in Glencore's lucrative trading division.
The world’s third-biggest coal miner after China and India undercounts methane emissions from production of the fuel by six to seven times, according to Ember.