Arctic conditions across much of the Northern hemisphere resulted in higher coal prices over the week, softening as the Chinese new year holiday got underway. European emissions prices rallied over EUR40 putting pressure on the dark spread. Physical RBCT prices continue to trade at a premium to paper prices, whilst also higher than FOB Newcastle for now.
Coal miner MC Mining has appointed nonexecutive director Sam Randazzo as its interim CEO while the recruitment process for the appointment of a permanent CEO is being finalised.
Randazzo will succeed acting CEO Brenda Berlin, who is due to step down on February 15.
The Australian oil and gas sector has reaffirmed its commitment to meeting emissions reduction targets consistent with the objectives of the Paris Agreement, while maintaining affordable, secure energy supplies to consumers and industries that provide jobs and economic growth.
Lithium miner Galaxy Resources has joined the legal tussle to prevent embattled Alita Resources to fulfill a Deeds of Company Arrangement (DOCA) with US-based lithium products group Austroid Corporation.
The merger of gold miners Saracen Mineral Resources and Northern Star was implemented on Friday.
All Saracen shares have been transferred to Northern Star, and eligible Saracen shareholders have been issued the scheme consideration of 0.3763 Northern Star shares for each Saracen share held.
Bullion major Gold Fields has invested another C$2.9-million in a Canadian company, which owns copper/gold/silver exploration assets in the Peruvian Andes.
Through its Gold Fields Nazca Holdings (GFNH) indirect subsidiary, Gold Fields purchased 5.81-million common shares in TSX-V-listed Chakana Copper at C$0.50 a share, giving it a 19.99% stake.
ASX-listed EcoGraf will raise A$54.6-million through a share placement to institutional, sophisticated and professional investors to fund the Phase 1 construction of its commercial-scale battery anode material purification facility, in Western Australia.
Mining contractor NRW has extended its takeover offer period for vertically integrated engineering design, construction and operational services provider Primero Group until February.
In the recent past, environmental, social and governance (ESG) criteria were predominantly focused on environmental impact and related governance issues, such as climate change.
TSX-V-listed Goliath Resources has announced a strategic investment by Eric Sprott of C$2-million, representing an 8.5% stake in the company.
Crescat Capital will be participating in this offering to maintain its 9.9% interest.