Codelco places $2bn in bonds as miner aims to boost copper output

Selected companies will receive up to $500,000 cash payment from BHP, together with access to a network of internal and external experts to help guide development.

Another setback for an agency that’s expended years prosecuting suspected corruption across the commodities industry.

The government and state-owned miner Gecamines say ERG has been too slow to develop the deposits.

Underlying earnings for the year ended June 30 came in at $916 million, lower than the $2.60 billion posted last year.

The trade union said in a statement that the workers at the mine and the company failed to reach an agreement on Wednesday.

Deal will enhance the benefits for the people of Madagascar and support a sustainable future for the ilmenite mine, Rio says.

Fortescue already has some early agreements with potential buyers.

Driven by receding prices and by Chile nationalizing the industry, companies have been sniffing around for buys in Australia.

Vedanta is ready to pay $250 million owed to suppliers in Zambia before the company resumes control of copper mines that were seized.