-
Precious metals miner Polymetal is looking for an exit from Russia in order to avoid nationalization or other forms of expropriation and agreed to sell its Russian unit in a deal valuing it at $3.69 billion. Polymetal International plc said on Monday it had reached an agreement to sell JSC Polymetal, or Polymetal Russia, to…
-
Russian coal exports to drop by 20% following a sanctions announcement by the United States. On February 23, the United States extended sanctions against the Russian energy and mining and metallurgical sectors by including Russian coal companies SUEK and Mechel. The U.S. Treasury Department has set deadlines for termination of transactions with these organizations until…
-
Amid economic sanctions imposed by the United States, the international market may be deprived in 2024 not only of the tonnage supplied by SUEK and Mechel, but also of the volume exported by other Russian suppliers refusing to dispatch to the ports connected with the sanctioned companies. Meanwhile, it is impossible to redirect the allocated…
-
The UAE, its president, oil firm ADNOC, a Swiss-based private investigation firm and others are being sued for $2.8 billion from bankrupt oil firm Lord Energy and its owner, Hazim Nada. The lawsuit originates from allegations of fraud and a targeted attempt to defame the company. The suit was filed in federal court in Washington,…
-
According to the General Administration of Customs of China (GACC), in July 2022, Russian exporters boosted coal supplies to Chinese consumers to 7.4 mio t (+1.3 mio t or +21% m-o-m; +0.9 mio t or +14%y-o-y). The volume of coal exports in July 2022 is an all-time monthly high for…
-
One of the largest energy sources in the world, which was once considered a substitute for coal, may have an even more detrimental impact on the environment than the energy sources it aims to replace, and could contribute to accelerating global warming more rapidly than other established polluters. New findings from Cornell University reveal that…
-
A fire broke out Saturday in a warehouse storing lithium-ion batteries in southern France, near Toulouse. Per media reports, the warehouse, property of local recycling company Société Nouvelle d’Affinage des Métaux contained 900 tons of batteries. Reuters quoted the local police authorities as saying that, as of Sunday night, the fire was under control. Also,…
-
Chinese company Xuan Yuan (XY Group), one of the largest Chinese corporate investors in Russia, plans to invest about 685 mio in the construction of a conveyor system for transshipment of Russian coal across the Amur River for further export to China. According to representatives of the China Coal Import…
-
Almost everyone – environmentalists, policymakers, financial institutions, and fossil fuel magnates alike – agree on one thing: it’s time to ditch coal. And that’s a list of people who don’t agree on pretty much anything at all. It’s clear that coal needs to go. The fossil fuel is infamously dirty and emits the highest amount…
-
Ukraine’s grain exports have risen sharply in recent months, indicating continued strength in its agricultural sector. Ukraine’s grain exports are up sharply, even though the Black Sea Grain Initiative that used to control trade in the region is no longer in effect. They’re currently shipping around 25 billion tonne miles of grain each month, according…