Indonesia has laid out new rules for commodities exporters to guarantee funding for shipments through Indonesian banks or branches of foreign banks in the country.
Typhoon Mangkhut lashed the northern Philippines with winds of 205 kilometres per hour, gusts of 255 kilometers per hour and heavy rain that left at least 64 people dead.
Other companies interested in partnering with Teck include Freeport-McMoRan, China’s Aluminum Corp of China (Chinalco) and Canada’s base metals miner Lundin Mining.
The key US coal export hub of Hampton Roads, Virginia, has halted operations as damage to ships and infrastructure seem inevitable, analysts at Wood Mackenzie said Thursday.