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Media Room

Weekly Coal Index Report

China will be investing far more in coal power over the next five years, according to a government plan released Friday, that only modestly increased renewable ambitions. Environmentalists had been hoping China’s five-year NDP would provide a roadmap towards carbon neutrality by 2060.

Tasman raises cash

Junior Tasman Resources on Friday announced plans for a A$4.8-million capital raise to fund exploration work in South Australia, and to support future investment in fellow ASX-listed companies.

The junior told shareholders that it would place some 60-mllion shares to sophisticated and professional investors, at a price of 8c each, along with 30-million free attaching listed options.

US judge rejects SEC bid to expand Rio Tinto fraud lawsuit on Mozambique coal business

A US judge on Wednesday quashed a bid to widen the scope of a civil lawsuit by the US Securities and Exchange Commission that accused miner Rio Tinto of fraud at its Mozambican coal business, a court filing showed.

The SEC filed a complaint against Rio in 2017 with allegations that it had fraudulently concealed the decline in value of the business.

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