Miner and commodities trader Glencore (LON:GLEN) is not giving up on Rio Tinto PLC's Australian coal assets and it has submitted an improved all-cash offer of $2.68 billion only a few days after its previous bid was rebuffed. The Swiss firm not only is promising to pay all of the cash [...]
Fri, Jun 23, 2017, Continue reading at the source
Coal India, the world's largest producer of the fossil fuel, is closing 37 mines before March next year as it said they are no longer economically viable due to increasing competition from renewable energy sources. The state-run company, responsible for about 82% of India's total coal output, said the closures would [...]
Wed, Jun 21, 2017, Continue reading at the source


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