Severance packages for management, early vesting options and cancelling contracts with Friedland-owned companies for aircraft rental and other office services quickly added up.
When the third lane opens the canal's capacity will more than double. The largest ships will carry as many as 13,200 containers -- at least double the dry weight of bulk cargo that can pass through today.
Canada’s Franco-Nevada has committed a whopping $1 billion to support the development costs of Inmet's massive Cobre Panama copper project in exchange for a future precious metals stream.
If everything goes as planned, at the end of this week Chile’s Codelco and Anglo American will sign a long-awaited agreement that would end one of the biggest business disputes in recent decades.
London's Sunday Times reports Anglo American is close to a deal to hand over a share in the Los Bronces copper project to Chile's Codelco at "a discount of several billion dollars" some time this week. If the report is correct it would provide further ammunition to those calling for Anglo CEO Cynthia Carroll's head.
Glasenberg’s determination to continue with the offer as originally planned comes amid growing signs that Xstrata is more confident of its position on a stand-alone basis.
Rio Tinto would have to build its own power plant and delay commercial production if the two nations cannot come to a deal during long-running power negotiations.
