South32 exits thermal coal with South African assets sale

JP Morgan Cazenove says Swiss commodity trading giant has to start off-loading inventory to slash its $48 billion debt pile and keep its credit rating.

The World Coal Association (WCA) has today called for governments worldwide to show a genuine commitment to widening the deployment of all low emission technologies, in order to meet global energy needs and make significant cuts in CO2 emissions.

BHP Billiton is today celebrating the 130 year anniversary of the incorporation of BHP and its significant contribution to the Australian economy and society for more than a century.

Two huge explosions at the port of Tianjin, the world's 10th largest, have killed at least 50 people and devastated the area.

The company's action on spending follows sharp falls across commodity prices this year.

The company, which runs the massive Grasberg mine in Papua, has stopped exporting since last month.

Stock markets in Canada and the United States fell sharply on the news that China had allowed the yuan to drop 2%.

The Atlantic province has ended a program that guaranteed small-scale energy producers a sustainable fee for their electricity, and gave citizens an incentive to use renewable energy.

The mining giant is watching every single expense, including those related to safety equipment.