Other Commodities
Arch Resources and Consol Energy Announce $2.3 Billion Merger
Arch Resources Inc. and Consol Energy Inc., two of the largest coal producers in the United States, have announced a significant merger amid ongoing challenges in the coal industry. The $2.3 billion deal, which was reported by Bloomberg and later confirmed by …
Asteroid Miner AstroForge Sets Sights on Third Space Mission for 2025
AstroForge, a pioneering force in the asteroid mining sector, is gearing up for its most ambitious mission yet—its third mission set for 2025. This mission, named Vestry, marks a significant milestone not only for AstroForge but also for the future of space …
China Tightens Grip on Critical Minerals with Antimony Export Restrictions
In a strategic move aimed at bolstering national security, China announced its latest set of export restrictions, this time targeting antimony and related elements. These restrictions, effective from September 15, 2024, mark Beijing's ongoing effort to control …
Forge Resources Advances Coal Extraction with Pilot Drilling in Colombia
In a significant stride toward advancing its mining ambitions, Forge Resources Corp. (CSE: FRG) (OTCQB: FRGGF) (FSE: 5YZ) has announced the commencement of pilot drilling at its fully permitted coal project in Santander, Colombia. This marks a pivotal moment …
India to Boost Critical Minerals Extraction with New Incentives
India is set to make a significant leap in its pursuit of energy security by offering incentives to bolster the extraction of critical minerals. This strategic initiative aims to reduce the country's heavy reliance on imports of vital minerals like lithium and …
Rheinmetall Reports Record-Breaking Growth in Defense Sector
Rheinmetall AG, a leading German defense manufacturer, is experiencing unparalleled growth as Europe ramps up its defense capabilities in response to Russia's invasion of Ukraine. CEO Armin Papperger describes this surge as the most significant in the …
Glencore Keeps Coal Assets Intact Following Shareholder Feedback
Glencore (LON: GLEN) has scrapped its plans to separate its coal division, a move initially announced following the acquisition of assets from Teck Resources last year. This decision, driven by significant shareholder opposition, underscores the complex …
TC Energy Sells $1 Billion Pipeline Stake to Indigenous Consortium
TC Energy Corp., a leading pipeline company based in Calgary, has announced a groundbreaking deal to sell a minority stake in its Western Canadian natural gas transmission network to a consortium of Indigenous communities. This $1 billion transaction marks a …
Industry Analysts Expect Glencore to Maintain Coal Operations After Teck Deal
In a significant move within the mining industry, Glencore has acquired the majority of Teck Resources' steelmaking coal business. This acquisition marks a strategic expansion of Glencore’s coal operations, positioning the company for continued strong revenue …
Wildfires Loom, But Canadian Oil Output Holds Firm: Goldman Sachs
Canada's oil production remains largely stable despite an increasing threat from wildfires, according to a recent report from Goldman Sachs. This stability is notable given the significant risks posed by ongoing wildfires, particularly in Alberta. The report …