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coal

  • Michael Gove to approve UK’s first new coal mine in 30 years

    Coal mine

    Housing secretary Michael Gove is expected to approve the UK’s first new coal mine in three decades. Tory sources told the Telegraph Gove is supporting plans to open a new colliery in Cumbria to help the country cut its reliance on Russian coal. People close to the matter said Gove, who has until 7 July [...]

  • China’s energy consumption and coal use reaches decade highs

    COAL CONSUMPTION

    China has recorded its biggest increase in both total energy consumption and coal use in a decade last year.

  • Climate-conscious insurers scrap coal exit policy to stay on right side of antitrust rules

    Coal exit

    A coalition of climate-conscious insurance companies have reportedly scrapped plans to stop insuring coal miners, to ensure they are not violating antitrust laws. The Net Zero Insurance Alliance, whose founding members include Axa, Allianz, and Aviva, dropped plans for a coal exit, after receiving advice from lawyers that the plans to join forces to prevent [...]

  • IEA urges India and China to put climate pledges into action as coal power generation reaches record levels

    December 17, 2021

    The International Energy Agency has called on China and India to reduce coal power generation, describing both countries as “holding the key to future coal demand".

  • Thungela’s shares spike 15 per cent amid rising coal demand and upbeat trading report

    December 6, 2021

    Shareholders in Thungela Resources (Thungela) are set for a hefty windfall as rising coal prices and energy demand strengthen its balance sheet.

  • Activist investor pushes Glencore to spin off coal business

    November 30, 2021

    Activist investor Bluebell Capital Partners has called on commodities titan Glencore to spin off its thermal coal business.

  • Happening now in the City: Insurance giant Convex Insurance targeted over coal

    November 24, 2021

    Convex Insurance, the London-based insurance company, is targeted this morning at the London Market Conference by environmental organisation Market Forces, putting further pressure on the insurance company to rule out underwriting the controversial Adani Carmichael coal project. Convex has not ruled out the project despite 40+ other major insurers having done so. The Adani Carmichael [...]

  • Higher coal and cobalt prices drive Anglo Pacific’s results upwards

    October 25, 2021

    Anglo Pacific Group (APG), a leading natural resources investment company, today published encouraging third quarter results after it saw its highest-ever portfolio income contribution of $23.6m. Its record portfolio income results were 180 per cent high than the same period last year, and a fraction ahead of the firm’s interim results of $23.04m. APG’s results [...]

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