Russian coal exports to drop by 20% following a sanctions announcement by the United States. On February 23, the United States extended sanctions against the Russian energy and mining and metallurgical sectors by including Russian coal companies SUEK and Mechel. The U.S. Treasury Department has set deadlines for termination of transactions with these organizations until…
China was single-handedly responsible for 96% of global coal power capacity construction last year, cementing its position as the biggest coal builder in the world. Per data, released by Global Energy Monitor and reported by Bloomberg, China last year also accounted for 68% of new coal generation capacity that came online last year and 81%…
The State Department confirmed Wednesday that the United States had secretly sent long-range ATACMS missiles to Ukraine as part of the March assistance package, fulfilling a long-standing request from Kyiv. “We did not announce this at the onset in order to maintain operational security for Ukraine at their request,” State Department spokesman Vedant Patel told…
Less than 1% of the water on Earth is liquid fresh water. To obtain fresh water, a vital substance for humans and for society (drink, agriculture, industry, leisure, etc.), humans draw on multiple sources. Fontus AG: What are the different sources of drinking water? Related
In October Germany will bring back 10GW of coal fired power stations to the grid, which will add 2mt of coal demand per month. The market has reacted with rising prices. However, to put it into perspective, whilst this will be a 100% jump in German imports, it is only…
Germany will close down its three remaining nuclear reactors this weekend, marking the end of an era in its energy history. Germany closed over 18 GW of nuclear capacity since the start of its nuclear phase-out policy in 2011 in the aftermath of the Fukushima accident in Japan. The share…
Chinese lenders arranged three-fourths of all the $120 billion in global financing for coal projects last year, new research from BloombergNEF showed on Wednesday. Chinese banks accounted for a massive 76%, or $93 billion, of the arranged financing for coal projects last year, followed by U.S. banks, which were at a distant second with $10…
Precious metals miner Polymetal is looking for an exit from Russia in order to avoid nationalization or other forms of expropriation and agreed to sell its Russian unit in a deal valuing it at $3.69 billion. Polymetal International plc said on Monday it had reached an agreement to sell JSC Polymetal, or Polymetal Russia, to…
Minister of Agrarian Policy Mykola Solskyi has become one of the few top-level officials in the history of Ukraine to face corruption charges during his tenure. The announcement of charges against Minister of Agrarian Policy and Food, Mykola Solskyi, by the National Anti-Corruption Bureau of Ukraine (NABU) for illegal land acquisition came as a surprise…
The Russian government is returning export duties on coal. The new duties will be effective from March 1, 2024 to February 28, 2025. The tax will range from 4% to 7% depending on the ruble exchange rate, but will not apply at the exchange rate of less than 80 rubles…