Mexico’s proposed higher mining royalties could block nearly $7bn in investments
The Mexican government proposed raising mining royalties under the argument that metal prices have risen in recent years.
The board of Xstrata has been “unfairly disparaged” over its handling of the $70bn merger with commodities trader Glencore, according to Mick Davis, the miner’s chief executive.
Sir John Bond, Xstrata’s chairman, and the non-executive directors have…
