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June 10, 2021

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China considers price controls on surging coal market – Bloomberg

Reuters
A coal-burning power plant can be seen behind a factory in the city of Baotou, in China’s Inner Mongolia Autonomous Region, October 31, 2010. REUTERS/David Gray China is considering imposing a cap on the price of thermal coal as it struggles to contain high energy costs ahead of peak demand......

Mongolia votes for new president amid COVID-19 campaign curbs

Reuters
People observing social distancing amid the coronavirus disease (COVID-19) pandemic attend a campaign rally of Sodnomzundui Erdene, presidential candidate of the Democratic Party, ahead of the presidential election, in Ulaanbaatar, Mongolia June 3, 2021. REUTERS/B. Rentsendorj Mongolia goes to the polls on Wednesday to choose its sixth democratically-elected president, with......

Peru election on knife edge as Castillo narrows Fujimori’s lead

Reuters
Peru’s presidential election outcome was on a knife-edge on Monday, with conservative Keiko Fujimori clinging to a slender lead but socialist rival Castillo Pedro steadily catching up in what could prove a photo finish in the polarized race. The tight result could lead to days of uncertainty and tension. The......

Volkswagen chairman to seek re-election at shareholder meeting

Reuters
Chairman of Volkswagen supervisory board, Hans Dieter Poetsch, addresses the media after a supervisory board meeting at the Volkswagen plant in Wolfsburg, Germany November 15, 2019. REUTERS/Fabian Bimmer Volkswagen (VOWG_p.DE) Chairman Hans Dieter Poetsch will seek re-election at a coming annual general meeting, the carmaker said on Saturday. Poetsch, 70,......

Musk says Tesla cancels the longest-range Model S Plaid+

Reuters
A Tesla Model S steering wheel is on display at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2019. REUTERS/Mark Blinch Production for Tesla Inc’s (TSLA.O) longest-range Model S Plaid+ is canceled, CEO Elon Musk said in a tweet on Sunday. “Plaid+ is canceled. No need, as Plaid......

Elephants escape Myanmar mud pit to cheers from villagers who helped

Reuters
Four wild elephants made their way out of the mud pit in Myanmar where they had been trapped on Friday, urged on by the villagers who dug them an escape route. The villagers in the western Rakhine State usually avoid elephants when they come across them in the forest, but......

Two dead, six missing after accident at central China coal plant – state media

Reuters
Two people died and six were missing after an accident in a coal mine in central China, state broadcaster CCTV reported on Saturday. The “accidental outburst” occurred at a coal mine run by Henan Hebi Coal and Electricity Co in the late afternoon on Friday, and the authorities in Henan......

White House plans to discuss its supply chain review next week

Reuters
Shipping containers are unloaded from a ship at a container terminal at the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April 7, 2021. REUTERS/Lucy Nicholson White House national economic director Brian Deese said on Friday the administration will......

HeidelbergCement plans world’s first CO2 neutral cement plant in Sweden

Reuters
A logo of HeidelbergCement is pictured at their headquarters in Heidelberg, Germany, June 21, 2016. REUTERS/Ralph Orlowski HeidelbergCement (HEIG.DE), the world’s second-largest cement maker, on Wednesday said it plans to turn its Swedish factory in Slite into the world’s first CO2-neutral cement plant by 2030 via carbon capture technology. “We......

EXCLUSIVE Hyundai to slash combustion engine line-up, invest in EVs – sources

Reuters
Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs), two people close to the South Korean automaker told Reuters. The move will result in a 50% reduction in models powered by fossil fuels, one of......

Liberty Steel planning to sell three ‘non-core’ UK plants

Reuters
Liberty Steel is planning to sell three ‘non-core’ UK plants as part of a major restructuring including its aerospace and special alloys steel business, the group said on Monday after a weekend of meetings in Dubai. “As part of this restructuring Liberty will look to sell its aerospace and special......

Congo volcano leaves smouldering wreckage but major city spared

Reuters
A smoking trail of lava from a volcanic eruption covered hundreds of houses in eastern Congo on Sunday, leaving residents to pick gingerly through the wreckage, though the flow halted just short of the major city of Goma. Goma was thrown into panic on Saturday evening as Mount Nyiragongo erupted,......

Volcano in eastern Congo erupts, triggering panic in Goma

Reuters
Mount Nyiragongo in eastern Democratic Republic of Congo, one of the world’s most active volcanoes, erupted on Saturday, sending panicked residents of the nearby city of Goma fleeing, although a volcanologist said the city did not appear to be in danger. People grabbed mattresses and other belongings and fled towards......

India’s JSW Steel examining bid for Gupta’s British business -sources

Reuters
India’s largest steel producer, JSW Steel, is considering a bid to buy Liberty Steel in Britain as well as mills elsewhere, two people familiar with the matter told Reuters, as would-be buyers circle Sanjeev Gupta’s global commodities empire. JSW’s interest, which extends to plants including Gupta’s Adhunik steel mill in......

In climate push, G7 agrees to stop international funding for coal

Reuters
Heavy equipment excavate anthracite coal from a strip mine in New Castle, Pennsylvania, U.S., July 13, 2020. Picture taken July 13, 2020. REUTERS/Dane Rhys/File Photo The world’s seven largest advanced economies agreed on Friday to stop international financing of coal projects that emit carbon by the end of this year,......

Gold diggers: Illegal mining near Colombian town hits Zijin output

Reuters
When China’s Zijin Mining (601899.SS) paid $1 billion to buy an extensive gold mine in the Colombian Andes in late 2019, security risks were a top concern, despite an operation by the military which had beat back illegal miners. The company’s pre-deal jitters were warranted: illegal extraction by wildcat miners......

Senegal architects ditch concrete for earth in revival of old techniques

Reuters
Construction is booming in Dakar, where unfinished apartment blocks tower over most streets, their exposed concrete bricks a dull uniform grey. In one site, however, a building stands out – the bricks the workers are laying are made of raw, red earth. Concrete is inexpensive and used with abandon in......

South Africa’s Eskom to cut electricity nationwide after breakdowns at 7 power plants

Reuters
South Africa’s Eskom will implement nationwide scheduled power cuts from 1700 local time (1500 GMT) until Tuesday due to breakdowns at seven of its power plants in the last 24 hours, the struggling state utility said on Sunday. Eskom said in a statement the breakdowns at the seven plants represented......

Zimbabwe court rules chief justice’s tenure extension is invalid

Reuters
Zimbabwe’s High Court dealt a blow to President Emmerson Mnangagwa on Saturday, ruling his decision to extend Chief Justice Luke Malaba’s tenure by five years was invalid because it breached the constitution. The Judicial Service Commission (JSC), which employs all judges, said the decision means that Deputy Chief Justice Elizabeth......

Merkel rejects bringing forward Germany’s exit from coal

Reuters
German Chancellor Angela Merkel in Berlin, Germany May 8, 2021. John MacDougall/Pool via REUTERS German Chancellor Angela Merkel on Saturday rejected demands to bring forward an exit date for ending coal generation in Germany, currently set at 2038. read more “Those affected need some reliability on the path to climate......

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