Former Glencore trader said he was part of a bribery scheme to win oil contracts from Nigeria transferred $300,000 of company funds in 2014 to an intermediary who’d requested the cash to benefit a senior government official in the nation’s elections.
While producer profits are booming thanks to high prices fueled by the pandemic recovery, their operations are paying the price of covid-fighting measures.
The top-five western diversified miners may have earned a combined $85 billion for the first half of the year, according to analyst estimates, more than double the level from a year ago.
Australia’s pro-fossil fuel government has rejected demands for tougher action on reef preservation, insisting it is already making improvements through a A$3 billion ($2.2 billion) investment program.
Rising demand from electric vehicles and challenges in securing raw materials will deliver a battery supply crunch for automakers, according to a key Chinese manufacturer.
