RUSAL (RUAL.MM), the renowned Russian company and the world’s largest aluminum producer outside China, has recently demonstrated impressive financial performance. The company’s net profit reached USD 803 million for the year ended December 31, marking an increase of 184.8% compared to the USD 282 million recorded in the previous year. This remarkable surge not only…

The iron ore market continues to display volatility under the influence of global economic factors. Following a four-day streak of rising prices, futures on iron ore at the Dalian Commodity Exchange have halted their growth. This change comes on the heels of increased taxes on Chinese steel, which dampen demand prospects for this key component…

The Canadian mining company Lundin Mining Corporation renowned for its operations worldwide, is now facing significant environmental challenges at its Alcaparrosa copper mine in Chile. Following the formation of a massive sinkhole, over 60 meters deep, near the mine, South American environmental regulators have mandated its permanent closure. Impact on Lundin Mining The decision to…

Japan is considering supporting the $44 billion Alaska gas pipeline project as a move to strengthen diplomatic relations with the United States and mitigate potential trade discrepancies. This project could become a significant element of economic cooperation between the two nations and has implications for global energy security. Significance of the Alaska Gas Pipeline for…

Repsol, a leading player in the European energy sector, has announced a substantial project in the northeast of Spain, earmarking over 800 million euros for the construction of a green methanol plant. This initiative underscores the company’s ambition to lead in sustainable technologies and carbon-neutral solutions. The new facility is slated to commence operations in…

The exploitation of natural resources significantly impacts the environment and local communities. In the uranium mining industry, the situation is particularly sensitive due to the high radioactivity of the materials involved. Miner Energy Fuels (NYSE American: UUUU) has recently taken a substantial step towards resolving a long-standing dispute with the Navajo Nation.   This matter concerned…

Chilean state-owned mining company Codelco recently announced ambitious plans to reduce its indirect greenhouse gas emissions by 25% by 2030. This initiative is part of a broader decarbonization plan that addresses the increasing demand for copper in various industries. As the world’s largest copper producer, Codelco is making strides to contribute to climate change mitigation…

Venture Global LNG (VG. N), a company specializing in exporting liquefied natural gas (LNG), has recently announced its successful raising of an impressive $1.75 billion. This significant step aligns with the first major initial public offering during Donald Trump’s second presidential term. This investment reflects investors’ confidence in the president’s initiatives to bolster energy resource…

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In recent years, the issues of energy security and supply stability have become increasingly pertinent for European Union (EU) countries. A major development in this area is the recent announcement by Qatar Energy, the national oil and gas company of Qatar, that it might suspend liquefied natural gas (LNG) supplies to the EU. This threat…