Brazilian-based miner Vale has confirmed in a regulatory securities filing notice that it is selling its Moatize coal operation and Nacala logistic corridor in Mozambique to Jindal Group subsidiary Vulcan Minerals in a $270 million deal.
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BHP announced 8 November it has inked a deal to divest its 80% holding in BHP Mitsui Coal (BMC), effectively exiting the metallurgical coal scene in Queensland, Australia.
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During the COP26 summit in Glasgow, Canadian Prime Minister Justin Trudeau announced the country’s plan to end exports of thermal coal by no later than 2030 in an effort to fight against climate change. Read full article from North American Mining.
Read MoreThe U.S. Energy Information Administration has released its Annual Coal Report 2020, which provides a closer look at the country’s coal industry. Coal production last year dropped 24.2%, according to the report, to 535.4 million short tons. Read the full article from North American Mining here.
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