NUSA DUA, Indonesia (Reuters) - Developers of coal mines and coal-fired power plants in Asia are facing difficulties growing their businesses as global financial institutions refuse to back their projects to avoid criticism over climate change, industry participants said on Tuesday. That is...

China imported 20.68 million mt of thermal coal in May, up by about 19.3% from April and 34.8% from a year ago, according to the coal import data released by the General Administration of Customs on Sunday. According to the data, China imported 9.89 million mt of lignite in May, up 2.49% month...

Bangladesh is set to import coal for the first time for a power plant as part of efforts to diversify its fuel mix in the electricity generation sector. The Bangladesh-China Power Company signed a deal with an Indonesian firm in Dhaka on Sunday to import coal for the 1,320-megawatt coal-fired...

PT Bumi Resources (BUMI), Indonesia's largest thermal coal miner, expects to close the first half of this year with coal sales of 42 million tons, or 47 percent of its full-year target of 88-90 million tons. BUMI corporate secretary Dileep Srivastava said on Tuesday that the firm had sold 20...

Shares of country's largest coal miner Coal India gained 1.7 percent intraday on June 18 after global brokerage house CLSA said it is optimistic on company's volume growth and cost, although there is no visibility on price hikes yet. Company is optimistic on production growth despite...

Demand for thermal coal is falling, particularly in the Atlantic, as coal-to-gas switching has become a driver of demand destruction in Europe. Brokers note this has ramifications for the Pacific, as suppliers look to Northeast Asia to absorb the glut. Atlantic coal prices have not staged a...

The world’s largest sovereign wealth fund is preparing to leave fossil fuels behind. Last week, Norway’s parliament confirmed by unanimous vote that its $1tn sovereign wealth fund would dump $13bn of fossil fuel investments – and start investing billions in renewables. The move...

Australia has approved Adani Group’s controversial coal project that opens up a new mining region and puts the world’s biggest exporter further at odds with the global movement to phase out the fuel. The Carmichael mine, which has faced steady resistance by environmental groups since...

This theory helped guide the asset management industry that burgeoned over the next half-century by balancing considerations of market risk and expected return. Over the generally booming markets of recent decades — notwithstanding the equities shocks of 2000 and 2008 — MPT has...

Over 23,000 hospitalizations, outdoor pools too hot for swimming, construction workers wearing battery-powered fans to avoid heatstroke, and the deaths of 1,032 people—these were the direct consequences of the July 2018 heatwave in Japan, when temperatures reached 106 degrees Fahrenheit (41.1...