Hedge fund bet on Glencore backfires with $100m loss
London hedge fund giant Lansdowne Partners lost a long-term bet against Glencore this year after the spectacular recovery of the miner took some by surprise.
Well-known executives headhunted from major mining companies such as BHP Billiton, AngloGold Ashanti, Barrick Gold and Xstrata have made the cut to become Anglo American’s new CEO.
Tin mining is a profitable but damaging trade that has scarred the Indonesian island of Bangka, a granite outcrop just east of Sumatra, reports English newspaper The Guardian.
HD Mining International, the firm bringing Chinese workers for its northern B.C. coal mine, has appealed to a Federal Court ruling allowing local unions the right to request a judicial review of the temporary foreign worker permit granted to the coal company earlier this year.