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Reuters: Japanese trading house Itochu Corp said on Wednesday it plans to exit the thermal coal business, selling its stakes in mines in Columbia and Australia by March 2024 as it aims to promote decarbonisation. Itochu’s statement was the first confirmation from the company that it would completely withdraw from thermal coal business. It had […]
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Reuters: Anglo American will divest from its South African and Colombian thermal coal operations by mid-2023, the miner said on Friday as it sought to demonstrate to investors its commitment to a shift towards clean energy sources. The global miner said a de-merger and listing on the Johannesburg Stock Exchange was the most likely route […]
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The Sydney Morning Herald: Glencore, one of the world’s biggest coal miners, has forecast its global output will fall by more than 25 per cent but its Australian mines will be among the last to close. Bowing to pressure from investors to set a net-zero emissions goal by 2050, the Anglo-Swiss giant outlined a new […]