When the sub-sectors of the industry (2015=100 reference years) are analyzed, the mining and quarrying sector index in November 2022 was the same as the previous year.
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We believe that Sabancı deserves a higher valuation as the outlook for energy joint ventures has improved significantly, banking operations have provided resilient performance and asset sales have increased its cash position at the holding level.
Despite ambitious global targets to discourage nations from polluting fossil fuels, world coal consumption is at its highest ever this year.