Coal news and updates

Japanese giant buys Aussie battery start-up in coal to minerals pivot

Idemitsu has taken majority ownership of Australian battery start-up Vecco Group as the Japanese giant intensifies a pivot away from Australian coal mine ownership and towards investments in critical minerals and energy storage.

Idemitsu will raise its shareholding in Queensland-based Vecco from 14.6 per cent to 51 per cent for an undisclosed amount.