For substantive change to take hold at the company, long-term directors who have presided over value destruction and overseen technical failures of prior mine plans need to be replaced.
Prosecutors said the companies bribed employees at Petrobras, as the Brazilian state oil company is known, to the tune of $15.3 million between 2009 and 2014.
Parity with gold is fundamentally justified the market has been in sustained deficit and the effects of that are being borne out,” said Marcus Garvey, analyst at ICBC Standard bank