Glencore to slash 380 coal jobs in South Africa
Glencore is one of the biggest exporters of South African coal. It is also one of the few miners that have been actively investing to expand its operations in the country.
Anglo American to axe 53,000 jobs, put 15 assets up for sale
Anglo American announced it lost $3 billion during the first half of 2015 and that it would cut 53,000 jobs in the coming years, as a deep rout in commodity prices continue to add strain to battered miners everywhere.
C of E General Synod backs climate change commitment, but keeps fossil fuel investments
The Church of England’s General Synod has overwhelmingly backed a wide ranging motion acknowledging that global warming is disproportionately affecting the world’s poorest.
However, the motion stopped short of calling on members to vote for a complete disinvestment of the Church’s financial portfolio in all fossil fuel companies after the its Ethical Investment Advisory Group (EIAG) decided that this was not the “right ethical approach” for the Church’s three National Investing Bodies (NIBs).
Sirius stock collapses after unveiling plan for UK’s largest potash mine
Shares in potash miner Sirius Minerals crashed Friday, plunging by double digits, as the company unveiled detailed plans to begin constructing what will be the U.K. largest mine of the fertilizer ingredient, within the boundaries of a national park.
Sirius gets go-ahead to build UK’s largest potash mine despite growing opposition
One of the world’s biggest potash mines is to be dug in the picturesque North York Moors National Park after the park’s planning committee placed commercial consideration over environmental concerns and gave the £1.7bn project the green light.