The sanctions could benefit other coal suppliers such as Indonesia, Australia and South Africa.

The changes led by CEO Mike Henry will see several specialist teams disbanded and their functions reassigned in a bid to cut costs and simplify operations.

CEO Graham Kerr said the deal will streamline the company's portfolio and unlock capital to invest in development projects in copper and zinc.

A project funded by Thungela has begun repopulating a river system with fish after a catastrophic spill from a coal mine.

The fuel used in steelmaking has quietly been a top performer in the energy commodity space in recent months.

Research shows that Canada’s eight largest pension funds hold some $2.1 trillion in assets but only a quarter was invested in the country.

Coal miners in Shanxi were asked to reduce output and carry out safety checks from March to May.

The country's biggest mining investors are halting plans to spend billions of rand on new projects in response to a slump in profits.