Putin is betting coal still has a future

Australia’s corporate watchdog has launched court action against the company, former chief executive Tom Albanese and chief financial officer Guy Elliott.

Adani Group bought into the Queensland basin in 2010, followed a year later by GVK Group, with plans to ship thermal coal by the middle of the decade.

The deal includes the New Vaal, New Denmark and Kriel mines, as well as various mine life extension projects.

Majority owner Turquoise Hill Resources Ltd said that it expected to make up any sales-related effect over the next few quarters.

Uncertainty around the charter has deterred investment into a sector that accounts for 8% of gross domestic product in the world's top platinum producer

China's war on smog benefitting exporters of high-quality ore as domestic steelmaking output cuts are extended.

If there is a trend at play here, it’s that diversified miners are the ones most likely to exit coal.

CHART: Baltic Dry Index has plummeted 32% since December, opening up huge gap to closely correlated industrial metal prices.

The Gupta brothers were accused of using their political connections to win state contracts and influence cabinet appointments