Russia’s VEB to invest $13.4B in copper mine in country’s far east
Once operable, the Baimskaya deposit will boost Russia's copper production by 25% and its gold production by 4%.
Glencore Xstrata CEO Ivan Glasenberg on Tuesday announced asset impairments, accounting charges and other non-cash losses of close to $9 billion. The shares were duly marked down, but not by much. Most investors remained phlegmatic despite the eye-watering numbers (even...
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