SINGAPORE (SEPTEMBER 26, 2017) (REUTERS) – This year looks set to be the “tipping point” for electric cars, Arnoud Balhuizen, chief commercial officer at BHP, said on Tuesday (September 26), adding that the impact for raw materials producers would be felt first in the metals markets and only later in oil.
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LUSAKA Jan 17 (Reuters) – Konkola Copper Mines (KCM), owned by global conglomerate Vedanta Resources PLC, will pay the first tranche of a $100 million fine to the Zambian government by the end of month, the country’s investment firm said on Tuesday.
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In praise of small miners
A boom in artisanal mining offers lessons in development Continue reading
New concerns over China’s economic slowdown send British shares into retreat, with miners falling the most. Kirsty Basset reports.
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Lusaka, Zambia (Reuters) – Glencore’s Zambian unit has laid off 4,300 workers, union and company sources said on Tuesday, as the mining and trading company deepens cuts in copper output to support flagging prices.
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Shares in commodity giant Glencore plunged 25% after analysts fear lower metal prices.
Mining and commodities trading firm Glencore announces it will suspend dividends, sell assets and raise $2.5 billion in a new share issue as it aims to cut its debt by a third to $20 billion by the end of next year.
(Reuters Business Report) – Few people have much sympathy for the mining companies.
Environmentally damaging, polluting, and hugely profitable, finding friends is no easy task.
BUT they also employ millions of people.
Most of them in developing countries, and often poorly paid.
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The mayor of a Peruvian town near a controversial multi-billion dollar mining project assassinated in an apparent ambush.