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A class action against a coal mine extension that begins on Tuesday could make it more difficult for coal mines to be approved in Australia on the basis of intergenerational equity and climate change, if the claimants prove successful.
The landmark claim, by a group of eight teenagers from across Australia, begins on Tuesday in Melbourne’s Federal Court and is expected to last for five days, but a judgment may not be made for several months.
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Bettercoal has announced the launch of the revised Bettercoal Code Version 2.0, the international sustainability standard for assessing, assuring and sustaining stringent ethical, environmental and social performance in the coal mining supply chain.
Development of the Bettercoal Code has been underpinned by formal and transparent stakeholder consultation processes and public comment periods aligned with ISEAL good practice guidance, with consensus on the latest revision overseen by the Bettercoal Technical Advisory Committee between 2019 and 2020.
The new Bettercoal Code 2.0 is available in English, Spanish, Russian and Indonesian, and is accompanied by the Bettercoal 2.0 Guidance, developed to support Bettercoal Suppliers on their improvement journey, and enable them to better understand and interpret the requirements of the Code, and the steps needed to implement it.
Chinese coking coal futures slumped more than 6% on Monday to their lowest in three months as stable output and imports eased supply worries, while demand for the ingredient appeared promising on strong steel production.
Nippon Steel, the world's No.3 steelmaker, will boost research and development (R&D) spending to speed decarbonisation in steelmaking as it faces growing pressure to cut carbon emissions to help tackle climate change, a company executive said.