For those seeking evidence of a new commodity supercycle, and for the sceptics of a sustained boom in natural resources, Australia’s government forecaster has it covered.
Company is bracing for an investor revolt after handing $9.9 million to its former CEO Jean-Sebastien Jacques, who was ousted over the destruction of sacred Aboriginal caves.
Nornickel said last week that the spin-off of the Bystrinsky mine near the Russia-China border would happen within two years subject to regulatory and other approvals.
Police in Rio de Janeiro will investigate Vale CEO Eduardo Bartolomeo, and other executives and former directors over the deal to explore the giant iron-ore mine in Guinea.