Over 24,000 people attended this year's Prospectors & Developers Association of Canada’s Convention — a strong indication that confidence has returned to the mineral exploration and mining industry.
Emissions of carbon dioxide from coal fell 50 per cent in 2016 as use of the fossil fuel dropped by 52 per cent, contributing to an overall drop in carbon output of 5.8 per cent last year compared with 2015.
Iron ore stockpiles at Chinese ports reach record high, but Beijing steel and coal capacity cuts should lend support to high-grade imports, met coal prices.
Sam Walsh's bonuses, potentially worth millions, had been delayed for at least two years as investigations continue into dubious payments related to Simandou iron ore project in Africa.