The government proposes to expand its coal ban by adding absolute caps on production of thermal coal, or its use in power generation, which would target big companies.
Iconic mines, including Ekati and Diavik are now old, tired and running out of diamonds; they will likely both close soon. So far, operations that were designed to replace them aren’t faring well either.
West Virginia is dangling tax incentives for coal miners in an attempt to revive operations in Coal Country, but Contura Energy Inc. isn’t swayed just yet.
With a market facing a global deficit, the world’s biggest iron ore export port is flagging a timely boost in shipments as Fortescue and rivals bring on new mines in Australia’s Pilbara region.
Almost 60% of all new cars sold in Norway in March were fully electric, a global record as the country seeks to end fossil-fueled vehicles sales by 2025.
Futures topped $90 a tonne on Wednesday amid increasing concern the crisis at Brazil’s Vale SA will be drawn out as regulators ordered dozens of dams to be shut.
The U.K.’s financial regulator has authorized U2 Diamond Prices Ltd. as a benchmark administrator, joining firms such as FTSE International Ltd. and ICE Benchmark Administration Ltd.