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Norway’s $1TN Wealth Fund Ditches Mining Heavyweights Over Coal Performance
May 22, 2020
Norway’s trillion-dollar sovereign wealth fund has ditched a host of big-name mining and energy firms from its investment portfolio for breaching its standards on coal use and environmental performance. Miners Glencore and Anglo American have been excluded from the Government
Newmont Releases Updated 2020 Outlook and Confirms Long-term Guidance
May 21, 2020
Newmont said the company continues to ramp up operations at Peñasquito, Cerro Negro, Éléonore, and Yanacocha. Among Newmont’s 12 operating mines and two joint ventures, 13 sites will be fully operational in the coming weeks. “We are pleased to be
Air Products Invest $2 Billion in Coal-to-Methanol Production Facility, Indonesia
May 20, 2020
US-based industrial gases company Air Products has announced an investment of $2 billion to build a coal-to-methanol production facility in Bengalon, East Kalimantan, Indonesia. For the project, the company has signed long-term on-site contract with two Indonesian companies. Bakrie Capital
Newrange Gold Inks $1 Million Deal to Sell Colombian Subsidiary
May 20, 2020
Newrange Gold Corp signed a US$1 million share purchase agreement to sell its Colombian subsidiary Corporacion Minera de Colombia (CMC) to private Australian mining company Andean Mining Corporation Pty Ltd. The company received US$250,000 in an advance payment, with the
BHP Releases New COVID-19 Testing for Employees
May 20, 2020
BHP has considered further coronavirus testing methods for its employees in addition to screening tools that are in place across the sites. BHP Chief Executive Mike Henry said the company was participating in an industry-sponsored, government-endorsed trial in Western Australia
Australia’s AMMA to Equip Employers with Mental Health Assistance
May 20, 2020
Australian Resources and Energy Group AMMA has launched an online program for psychological health and safety across resources workplaces. The program is an industry first, featuring interactive and group-based training to provide employers with practical tools to support workplace mental
Australian Potash Secures EPA Consent for Lake Wells Potash Project
May 13, 2020
The Western Australian Environmental Protection Authority (EPA) has granted consent to potash developer Australian Potash to proceed with minor and preliminary works at its Lake Wells sulphide of potash (SoP) project. The Lake Wells SoP project is located 500km northeast
India to Speed Up Clearances for Coal Projects
May 13, 2020
India has set up a project monitoring unit to speed up the development of coal mines and raise domestic output, as part of its broader aim to cut imports. The country, which is the world’s second-largest coal producer and importer
Lockdown Delays India’s Commercial Coal Mining Auction to July, Gov’t Finalizes Bid Document
May 11, 2020
After more than five-year wait, the government may finally throw open the doors of the regulated coal sector for commercial mining by the private sector comprising both Indian and overseas miners in July. Government sources said that draft rules, bid
Dormant Coal Mine in Northeast England to Become Geothermal Heating System
May 11, 2020
A coal mine in South Tyneside that has been abandoned since 1932 will be transformed into a green energy heating system as part of a new £7 million renewable energy plan. The heating scheme will tap geothermal energy from the
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