Japan’s JFE Steel Corp is in talks to buy a stake in the metallurgical coal business of Canada’s Teck Resources, two people aware of the development said, adding to the list of suitors that also includes miner Glencore.
Coal miner Whitehaven Coal has struck $3.2-billion deal with diversified miner BHP and Mitsubishi Development to acquire the Duania and Blackwater metallurgical coal mines in Queensland.
Indonesia will revise its green taxonomy to facilitate funding for the early retirement of coal-fired power plants, according to domestic financial services authority (OJK).
Queensland Treasurer Cameron Dick has warned BHP that he may cancel the major miner’s leases in the state unless the company backtracks on its decision to pause new investments.
These sites are projected to reduce CO2 emissions per metric ton of raw coal by over 20 percent compared to 2020 levels, and achieve net-zero emissions by 2030.