Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years
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The EPA has announced plans to roll back an Obama-era rule that requires new coal plants to capture their carbon emissions.
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Glencore’s coal business should be a license to print money for several more years.
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“When I go I hope it’ll be a 45-year-old who’ll take over,” Glasenberg said
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The 150-year-old Prosper-Haniel site — shuts in December.
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Fears over slowing Chinese growth and impact of trade war with the US removes floor under iron ore price.
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Global iron ore production will grow due to mine expansions in Brazil and increasing output from India.
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Rates for dry bulk cargo carriers have collapsed 70% since August.
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“The cost of everything made of steel, has gone through the roof this year.”
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In the past two years, Cat has been working on growing its offering, particularly in the underground segment, as well as filling up some gaps in terms of trucks sizes.
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