Shares in Coal of Africa jumped as much as 21 percent last Wednesday after South Africa lifted the suspension of a key licence at its Vele colliery, allowing the miner to press ahead with plans to start production next year. See...
The Queensland government in Australia has suspended blasting operations at a coal mine accused of having caused toxic gases to fall on a residential neighbourhood. Not only do these gases pose major health threats to communities living close to mines, nitrous oxides...
Nathaniel Rothschild, co-chairman of miner Bumi Plc, says he has “total confidence” that Indonesia’s Bakrie family, Bumi’s largest shareholders, would succeed with plans to refinance a $1.35 billion (855.73 million pound) loan, but said talks with potential partners...
London-listed Glencore is close to lending $800-$900 million to Indonesia’s Bakrie coal mining group to help it repay its $1.35 billion debt and stave off a potential default. See...
UK-based Churchill Mining has lost its right to exploit one of Indonesia’s largest and most promising new coal fields, also in East Kalimantan. In a complex feud between the company and its Indonesian financial backer, Churchill was accused of having taken over...
The Australian government hast passed its “carbon tax” legislation, marking the first time that a major industrialised state has attempted to price, and place a cap on, its greenhouse gas emissions. Acrimonious debate around the proposal had evoked the...
