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Reuters is an international news organization owned by Thomson Reuters. Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data.

China's Q1 coal output rises 16% on strong demand for winter heating

16th April 2021 China's coal output rose 16% in the first quarter from the same period last year, bolstered by strong demand for winter heating and robust industrial activity. China churned out 970.56-million tonnes of coal between January and March, up from 829.91-million tonnes in the same period in 2020,... 

Reject incoming Glencore CEO's pay package, advisers recommend

16th April 2021 Glencore shareholders should reject a proposed pay package for incoming CEO Gary Nagle at the trading firm's annual general meeting (AGM) this month, proxy advisers Glass Lewis and Institutional Shareholder Services (ISS) have recommended. Glencore announced in December that Nagle would take... 

New Woodside boss faces existential threats, outgoing CEO says

16th April 2021 Woodside Petroleum's outgoing boss said on Friday his replacement will face two company-defining challenges: replacing its ageing assets and managing the transition to cleaner energy. Australia's top independent gas producer is betting its future on the $11-billion Scarborough gas project, with... 

Dalian coking coal futures surge as safety inspections stoke supply concerns

16th April 2021 Chinese coking coal futures surged almost 6% on Friday, climbing to a three-month peak, after some major coal-producing regions ramped up their safety inspections, stoking supply concerns. Authorities in provinces and region including Shanxi, Henan and Inner Mongolia have recently stepped up... 

Australia's lithium miners bank on brighter times ahead as prices soar

16th April 2021 Australian-listed lithium miners are preparing for better times ahead, filings showed this week, as they outlined expansion plans in the wake of soaring prices for the raw material used in electric vehicle batteries. Mineral Resources, Orocobre and Pilbara Minerals filed reports that pointed to... 

Mining investor TechMet closes second funding round at $120m

16th April 2021 Mining investment firm TechMet, which counts the US government as its largest investor, said on Thursday it had closed its second round of funding at $120-million, roughly 50% higher than initially expected. The firm, which is an investor in battery recycler Li-Cycle, has now raised nearly... 

Philippines lifts nine-year-old ban on new mines to boost revenues

15th April 2021 Philippine President Rodrigo Duterte has lifted a moratorium on new mineral agreements imposed in 2012, reopening the door to fresh mining investments as he seeks to boost state revenues to fund infrastructure projects and other initiatives. Duterte has issued an executive order that allows the... 

Anglo Pacific open to selling thermal coal royalties to boost ESG credentials

15th April 2021 Mining streaming company Anglo Pacific could be open to selling its thermal coal royalties to accelerate its transition away from the most polluting fossil fuel, chief executive Julian Treger said on Wednesday. The London-listed company aims to decrease its reliance on coal and steel and attract... 

New law would allow Uganda to take stakes in private mining

14th April 2021 Uganda's cabinet has approved a draft mining law that would allow the government to own shares in private mining operations and impose steep penalties for violations in the sector, including prison terms of up to seven years. The draft law mirrors others in the region, including in Tanzania,... 

Serbia halts China-owned mine over environmental breaches

14th April 2021 Serbia has ordered China's Zijin Mining Group to halt work at a shaft at the country's only copper mine and to complete a waste water treatment plant after it failed to comply with environmental standards, the mining and energy minister said on Wednesday. Zijin became Serbia's strategic partner... 

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