Coal

Italy's rightwing coalition on Monday passed rules curbing the setup of solar panels on farming land, ministers stated, in a relocation that activated criticism as it could weaken Rome's decarbonisation objectives. The new guidelines, part of a broader bundle of steps to safeguard farming and fisheries, included a ban on the setup of photovoltaic systems with modules put on the ground in locations classified as farming. We put an end to the wild installation of ground-mounted photovoltaic (panels), Farming Minister Francesco Lollobrigida informed a news conference after the cabinet conference that approved the measures. Agricultural lobbies-- essential advocates of Prime...

Britain's FTSE 100 struck a fresh record high up on Friday, led by gains in homebuilder stocks, while softerthanexpected U.S. jobs data improved financier belief. The blue-chip FTSE 100 ended the session up 0.5%,. after hitting a fresh record high of 8,213.49 points previously in. the day. The FTSE 250 touched its greatest levels given that. February in 2015 and ended 0.6% greater. Both indexes. signed up a second straight week of gains. Signs of easing inflation, hopes of early rate of interest cuts. by the Bank of England and attractive prices have helped enhance. investor interest in UK equities....

RWE is open to talks with the German government about possibly moving its lignite properties to a statebacked structure, but it would be up to Berlin to make the first relocation, the business's president stated on Friday. Some financiers and analysts, consisting of Enkraft and Bernstein, have actually stated that eliminating coal from RWE's portfolio would sharpen the group's profile as an energy player concentrated on renewables and help to restore its shares. Nevertheless, CEO Markus Krebber has actually consistently stated a separation or sale of the properties - which are still rewarding - would take too long, be too...

Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time considering that the miner rejected BHP Group's $39 billion takeover quote, a source acquainted with the matter told . BHP, the world's biggest-listed mining group, is privately talking with financiers as it weighs up its next relocation after Anglo's. rejection of its initial proposition. Commodities huge Glencore is likewise studying a technique for. Anglo, sources told , a development that could stimulate a. bidding war for the 107-year old mining business. Anglo decreased to talk about the meeting with Mantashe. The...

Britain's FTSE 100 opened near record highs on Friday, improved by AngloAmerican after reported Glencore is checking out a method for the miner, while Diageo advanced after naming a brand-new chief financial officer. The blue-chip FTSE 100 was up 0.3% by 0709 GMT, a. whisker far from a record high, and is set for a second. straight week of gains. Anglo American jumped 3.2% after reported. that Glencore was mulling a technique for the 107-year. old miner, a relocation that could spark a bidding war. Glencore was down 1.8%. The commercial metal miners index increased 0.3%. on the news. Diageo...

Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover deal from BHP, and is constructing its own copper portfolio, the Canadian miner's. CEO Mark Bristow said on Wednesday. If BHP's proposed acquisition of Anglo is successful, it. would produce among the world's greatest copper miners. Experts and financiers anticipate competing quotes to emerge after. BHP's deal was rejected recently by Anglo, which said it was. opportunistic, significantly underestimating the business and its. future potential customers. We are not thinking about bidding for Anglo American, as we. are constructing (copper assets) of...

The Baltic Exchange's dry bulk sea freight index edged up on Wednesday, buoyed by an uptick in capesize and panamax vessel rates. * The general index, which factors in rates for capesize, panamax and supramax shipping vessels, ticked as much as 1,683. * The capesize index acquired 16 points, or 0.8% to 2,116. The index was still hovering around a 3-month low. * Average everyday profits for capesize vessels, which usually carries 150,000-ton freights of iron ore and coal, among others, increased $138 to $17,553. * Freight injections have actually been low, and the outlook for future demand remains unpredictable,...

Energy ministers from the Group of 7 (G7) significant democracies settled on Tuesday to end using coal in power generation during the very first half of the next decade, however offered freedom to Germany and Japan whose economies depend upon the fuel. The agreement is a more step in the direction indicated last year by the COP28 United Nations climate summit to reduce usage of nonrenewable fuel sources, of which coal is the most contaminating. It is the first time that a path and a target has been set on coal, said minister Gilberto Pichetto Fratin, who chaired the two-day...

The following are the leading stories in the Financial Times. has not validated these stories and does not vouch for their precision. Headlines. - Ocado shareholders revolt over CEO's benefit share award of 14.8. mln STG. - Humza Yousaf stops as Scotland's very first minister. - G7 nations accept end use of coal power by 2035, states UK. minister. - L'Occitane owner uses to take skin care group private at 6.5. bln euro appraisal Introduction. - Some 19% of votes cast at Ocado's annual investor. conference on Monday opposed the online grocer and innovation. group's proposed new pay policy that...

The Baltic Exchange's primary sea freight index, tracking rates for ships bring dry bulk commodities, was mostly the same on Tuesday as gains in capesize countered weakness in smaller vessel sections. * The general index, which factors in rates for capesize, panamax and supramax shipping vessels, edged greater to 1,685. * The capesize index gained 20 points, or about 1%,. to 2,100. * Average everyday revenues for capesize vessels,. which usually transfers 150,000-ton cargoes of iron ore and. coal, to name a few, increased $162 to $17,415. * Iron ore and steel futures fell amidst risk-off sentiment. ahead of a...

Anglo American's. chair will fulfill its top 30 shareholders to hear views on BHP's. $ 39 billion quote for the miner, he informed an annual general conference. on Tuesday, where he was restricted from discussing the spurned. offer by takeover regulations. Anglo declined the deal on Friday, saying it was. opportunistic, considerably undervaluing the business and its. future potential customers. Some questions and comments from investors echoed. wider issues about the price and nature of BHP's. quote. To what degree can you endure if you decline the offer?. one shareholder asked. Chair Stuart Chambers said service was proceeding as normal,....

BHP Group's. proposed takeover of rival miner Anglo American is one of those. uncommon circumstances where a megamerger in fact makes strong. service sense, but it will be challenging to pull off to the. satisfaction of all celebrations. BHP, the world's biggest mining company, offered. $ 39 billion last week to buy Anglo, a move the. London-listed miner that grew out of South Africa rejected as. significantly undervalued. The expectation now is that BHP might increase its deal, or. other purchasers for Anglo, or parts of its diversified portfolio,. may emerge. Much of the limelights has actually concentrated on Anglo's...

The Baltic Exchange's dry bulk sea freight index extended its rally on Tuesday to strike its greatest in more than 6 weeks, supported by a dive in the big vessel segment. * The general index, which consider rates for capesize, panamax and supramax shipping vessels, added 207 points, or 11.03%, to 2,083, touching its greatest level given that March 25. * The dry bulk market has actually continued to outperform expectations ... Spot Cape activity stays elevated in the secret packing areas of Australia (iron ore), Brazil (iron ore) and West Africa (bauxite), Jefferies experts composed in a note. *...

JFE Holdings prepares to ramp up abroad investments as part of a longterm drive to double profits, Japan's No. 2 steelmaker stated on Tuesday, as it posted a 21.4% increase in annual net profit but likewise flagged a. smaller boost for this year. JFE President Yoshihisa Kitano, who took the helm on April. 1, said he would speed up the business's tactical shift from. quantity to quality, however did not offer a timeframe for doubling. its company earnings, other than stating it would take more than. 3-5 years. Enhancing abroad profits is necessary to our objective of. doubling revenues, he...

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, succumbed to a ninth straight session on Tuesday to a. near sixweek low as rates fell across vessel segments. * The overall index, which consider rates for. capesize, panamax and supramax shipping vessels, fell by 107. points, or 5.9%, to 1,714 points. * The capesize index lost 243 points, or 9.2%, at. 2,394, its least expensive level in nearly two months. * Typical everyday earnings for capesize vessels,. which usually transfers 150,000-ton freights such as iron ore. and coal, decreased by $2,014 to $19,852. While...

Ships cruising to the U.S. port of Baltimore dropped anchor in waters close by while vessels were stranded inside the port after traffic was stopped following a bridge collapse, shipping data revealed on Tuesday. A 948-foot container ship smashed into a four-lane bridge in the port in darkness early on Tuesday, triggering it to collapse and sending out cars and people plunging into the river below. Port traffic was suspended till more notification, Maryland transportation authorities said. At least 13 vessels that were anticipated to pack coal were anchored close to Baltimore port, according to analysis from data and analytics...

The Baltic Exchange's main sea freight index fell for a second straight session on Wednesday, pressured by losses in the bigger capesize and panamax vessel sections. * The total index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 108 points, or 4.5%, to 2,284 points. * The capesize index was down by 300 points, or 7.5%, at 3,690, its least expensive level because Feb. 28. * Average everyday incomes for capesize vessels, which typically transports 150,000-ton freights such as iron ore and coal, decreased by $2,492 to $30,601. * The capesize index was the sole segment...

The Baltic Exchange's dry bulk sea freight index extended gains on Wednesday to hit an almost twomonth high, supported by rising rates throughout all vessel sections. * The overall index, which consider rates for supramax, panamax and capesize shipping vessels, was up 142 points, or 7.5%, at 2,041 points, its greatest since Jan. 5. * The capesize index acquired 372 points, or 11.5%, to 3,596, an over 7 week-high. * Typical day-to-day incomes for capesize vessels, which usually transports 150,000-ton freights such as iron ore and coal, increased by $3,086 to $29,832. * Dalian iron ore futures rates extended gains,...

The Baltic Exchange's dry bulk sea freight index edged approximately a sevenweek high on Monday, buoyed by climbing rates in the capesize and supramax sectors. * The total index, which consider rates for panamax, capesize and supramax shipping vessels, was up 5 points, or 0.3%, at 1,871 points, its greatest considering that Jan. 9. * The capesize index got 18 points, or 0.6%,. to 3,163. * Typical day-to-day revenues for capesize vessels,. which typically transfers 150,000-ton cargoes such as iron ore. and coal, increased by $154 to $26,233. * Iron ore futures tumbled to their lowest level in 4. months...