trending Market Intelligence /marketintelligence/en/news-insights/trending/gtiSLG1ePlSt6Y7qXUw8mw2 content esgSubNav
In This List

Global coal roundup: India approves 100% foreign direct investment in coal

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


Global coal roundup: India approves 100% foreign direct investment in coal

Asia

India: The Indian government approved 100% foreign direct investment through automatic route for coal mining, allowing global companies to own coal mines and pursue coal mining in the nation, Platts reported. The approval pertains to associated processing infrastructure as well, which includes coal washeries, handling and separation.

Indonesia: The Indonesian government's decision to move its capital to the East Kalimantan province could disrupt the coal-producing region, Platts reported, citing market sources. The decision may affect mining activity and cause stricter environmental standards after the capital moves closer to several major thermal coal mines.

*Two Chinese companies signed a deal to jointly build a 12 million-tonne coking coal project in Indonesia, according to China Metallurgical News. Stainless steel producer Tsingshan Holding Group Co. Ltd. signed the agreement with Huafon Group Co. Ltd., and the project will produce synthetic ammonia, nitric acid and polymer materials.

Mongolia: The Mineral Resources and Petroleum Authority of Mongolia determined that SouthGobi Resources Ltd.'s SouthGobi Sands LLC unit violated its environmental reclamation obligations and terminated three of the former's mining leases for the Soumber coal deposit in Mongolia. The company does not believe in the termination's merit and is not aware of any way it failed to fulfill its reclamation obligations.

Australia

Nearly 1,400 hectares of indigenous land was stripped of its officially recognized native title and subsequent legal protections in Queensland to make way for coal pits, the Independent reported. An Australian state government's ruling means protesters can be arrested for trespassing in the area.

Africa

Botswana: Shumba Energy Ltd. signed a cooperation agreement with PowerChina International Group Ltd. and Wison Group Holding Ltd. to develop a US$1 billion coal-to-liquid plant using coal from the Mabesekwa coal project in Botswana, according to Miningmx.

Some external links may require a subscription. Links are current as of publication time, and we are not responsible if those links are unavailable later.

S&P Global Market Intelligence and S&P Global Platts are both owned by S&P Global Inc.