Mining

BHP has become the latest mining giant to consider exiting thermal coal as climate change pressure from investors and activists continues to push companies away from polluting fossil fuels. According to unnamed sources familiar with the matter, BHP is looking at options to divest its thermal...

Australian copper firm Sandfire Resources has acquired fellow ASX-listed miner MOD Resources at the second time of asking, after submitting an improved AUS$167 million deal for the Botswana-focused explorer. Sandfire’s initial $94.5 million bid was rejected in January by MOD, who said the offer significantly undervalued...

Resolute Mining has commenced trading on the London Stock Exchange (LSE) as the African-focused gold miner looks to broaden its global investor base and accelerate its growth plans. The ASX-listed company’s managing director and CEO John Welborn said London was an obvious choice for its secondary...

Indian conglomerate Adani is set to start construction on the controversial Carmichael coal mine in Queensland, after Australia’s government provided final federal approval for the large-scale project. Plans for the mine – located in Queensland’s Galilee Basin – were first laid out almost a decade ago,...