Tesla “battery day” a possible blow to cobalt miners

After buying ought out its two Japanese partners, Itochu Corp and Sumitomo Corp.

Indian conglomerate's $16 billion Carmichael coal mine in Queensland clears "final major State and Federal Government approval".

The Chinese miner is also having a hard time trying to convince Western lenders of financing part of the deal.

Coking coal prices retreated on Friday, but only slightly, holding above $300 a tonne after two months of insane gains.

Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.

In the last week alone, seven miners have been killed and 22 others remain trapped, following two accidents in local coal operations.

Exchange rules the firm was not allowed to resume trading due to concerns about controversy-plagued Chinese majority shareholder Hanlong Group.

Project funding would be main priority, says Moody’s.

The miner said the decision applies to the entire 3,000 square kilometer Lulo site, a project that has bored some massive gems, including the largest diamond ever found in Angola.