Duncan Wanblad took the helm of Anglo American in mid-2022 just as the South African miner reached a record market capitalisation of more than £50bn. Two years later, its larger rival BHP is offering to buy it for £20bn less.The...
India's state-run firms' output from overseas oil and gas fields marginally rose in 2023-24 after declining for four straight years. The output, however, remained a fifth below the peak of 2018-19 as producing fields matured and no new overseas assets...
Thames Water’s customers will have paid more than half a billion pounds in addition to their water bills once a new 25km sewage tunnel under London’s river Thames is operational next year, a project they will have to keep funding...
Construction on the world’s first carbon-neutral cement plant got underway this week thanks to new technology developed by a German firm, Interesting Engineering reported. Cement and concrete production generates as much as 9% of all human CO2 emissions worldwide, according...
India expects power generation to grow 9.3% to 1,900 billion kilowatt hours (kWh) during the fiscal year through March 2025, internal projections by the federal power ministry reviewed by Reuters show, the fastest pace of growth since at least 2011/12....
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.BHP has proposed buying rival Anglo American in a £31bn deal that provoked a backlash from the South African government and leading...
Fitch Ratings expects India's power demand to rise by 7-8 per cent year-on-year in second quarter of 2024 due to robust industrial activity, strong GDP growth and the Indian Meteorological Department's (IMD) forecast of above-normal temperatures during the summer months.However,...
A Bill Gates-backed US startup says it has generated temperatures hotter than the core of the Sun, in what could be a milestone moment for fusion energy, Recharge reported. Fusion uses the same process that generates light and heat...
After months of reports that “the era of foreign carmakers is over“, it is hardly surprising that Chinese carmakers would dominate at the country’s biggest auto show. The auto show, which opened on Thursday, formally known as the 2024...
Upon arriving at the palatial entrance of BYD’s hexagon-shaped headquarters in Pingshan, on the outskirts of Shenzhen, a giant screen presents visitors with a question of biblical proportions: “Where is Noah’s ark that saved mankind?” The answer, given the query’s...
