Mine 7 will continue production of bituminous coal, used primarily in the steel industry, until July 2025.

Colombia currently only requires environmental permissions for projects in the exploitation and production phases.

Indika has spent $300 million to expand non-coal businesses.

South Africa’s exports of coal from the Richards Bay Coal Terminal to Europe surged more than eight-fold in the first half of this year.

S&P Global Market Intelligence reports employment is trending upward, with a 1.9% increase quarterly and 15.8% yearly.

The Indian businessman, a college dropout who first tried his luck as a diamond trader before turning to coal, has become the world’s third-richest person. 

“Our economists view the risk of a recession outside Europe in the next 12 months as relatively low,” bank analysts said.