Coal’s inexorable decline: a mine worth millions is sold for a dollar

Coal’s inexorable decline: a mine worth millions is sold for a dollar

The collapse in coal prices is real. The “Isaac Plains” coking coal mine in Australia, valued at 860 Australian dollars (about $631 million) three years ago has been sold for $1. According to Bloomberg, the Brazilian mining group Vale SA and Japan’s Sumitomo Corp. offloaded the “Isaac Plains” mine for just $1, selling it to

Zapping through London on 100% electric double deckers is to become reality

Zapping through London on 100% electric double deckers is to become reality

London’s ultra-iconic double decker bus is going 100% electric, the city’s Mayor Boris Johnson announced earlier this week. The bus built by Chinese car and battery manufacturer BYD will enter into service from October on Route 16, travelling from northwest London to Victoria Station. It will be the world’s first purposely-designed electric double decker bus,