Tag: Coal

Rio Tinto (ASX: RIO; LSE: RIO) reportedly considered a bid for Anglo American (LSE: AAL) in recent months and the second largest miner has not dismissed the possibility of acquiring a portion or the entirety of the company, now a target of BHP (ASX: BHP).

China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to forecasts by the China Electricity Council (CEC), an industry group.

Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) is selling its coal assets to Glencore (LSE: GLEN) and two Asian steelmakers for US$8.9 billion, Teck said on Nov. 14.

Mining’s top industry group with BHP (NYSE: BHP; LSE: BHP; ASX: BHP) and Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) among its members has published a framework for companies to determine their emissions, including how to unravel pollution by suppliers and customers.

JSW Steel is considering forming a consortium to bid for a 75% interest in Teck Resources’ (TSX: TECK.A/TECK.B; NYSE: TECK) steelmaking coal business, according to a Bloomberg report

Glencore (LSE: GLEN) confirmed on Monday it had approached Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) with a proposal to buy the Canadian miner’s steelmaking coal business, in the latest twist in one of the mining industry’s biggest takeover battles in a decade.