Articles Tagged "Coal Market News"

Indian PM to Relocate People Living near Coal Mines

Coal – Mineweb reported that the Prime Minister of India has decided to relocate more than hundred thousand people living near coalfields in eastern India to new homes. The relocation will make it easier to douse underground fires that have burned for a century and mine huge reserves of premium coal.

Axa Scraps Coal Investments

Coal – France’s largest insurer, Axa, has axed holdings in coal companies because of concerns about climate change. As quoted in the market news, Axa SA Chief Executive Officer Henri de Castries said he’s working to sell 500 million euros ($702 million) of coal assets and triple “green investments” to 3 billion euros by 2020. He joined investors [...]