Company sources say Cutifani is happy to stay beyond his 2020 mandate and that shareholders are not against the idea, but they added that Duncan Wanblad, promoted early this month to group director of strategy and business development, is regarded as a potential successor.
The fall in iron ore purchases for 2018 came as a 70 percent plunge in profit margins since late October cut the incentive for steelmakers to ramp up output and restock raw materials.
The global initiative requires member countries to disclose how they allocate licences and how much they receive from the companies in tax, royalties and other contributions.
This project refines the key raw material for the preparation of ternary power batteries from the laterite nickel ore – battery-grade nickel-cobalt raw materials.
