Peabody Energy

The coal block auctions are intended to attract global miners such as Glencore PLC, BHP Group, Anglo American PLC and Peabody Energy Corp.

India is getting ready to open up commercial coal mining to private companies for the first time in four decades, with the aim of shifting the world's third-biggest coal importer towards energy self-sufficiency.

Coal India Ltd struggled to produce and ship less than half of its daily target on the first day of a five-day worker strike that began on Tuesday, hampering government efforts to reform the country's coal industry and ease its power crisis.

Norwegian pension fund KLP has sold its entire stakes in at least four Indian companies including NTPC and Coal India as well as 23 other firms worldwide as it looks to embrace more climate-friendly firms.

The S&P energy index fell 1.3 per cent as the prospect of slowing demand for oil in China and Europe and concerns about an oversupply of oil brought Brent crude oil futures to their lowest price since May 31, 2013. Peabody Energy Corp was the biggest loser among the S&P energy names, falling 3.7 per cent to $15.29.

The coal block auctions are intended to attract global miners such as Glencore PLC, BHP Group, Anglo American PLC and Peabody Energy Corp.

India is getting ready to open up commercial coal mining to private companies for the first time in four decades, with the aim of shifting the world's third-biggest coal importer towards energy self-sufficiency.

Coal India Ltd struggled to produce and ship less than half of its daily target on the first day of a five-day worker strike that began on Tuesday, hampering government efforts to reform the country's coal industry and ease its power crisis.

Norwegian pension fund KLP has sold its entire stakes in at least four Indian companies including NTPC and Coal India as well as 23 other firms worldwide as it looks to embrace more climate-friendly firms.

The S&P energy index fell 1.3 per cent as the prospect of slowing demand for oil in China and Europe and concerns about an oversupply of oil brought Brent crude oil futures to their lowest price since May 31, 2013. Peabody Energy Corp was the biggest loser among the S&P energy names, falling 3.7 per cent to $15.29.