Congo demands $17bn more in infrastructure investments from China deal
Under the Sicomines deal, Chinese investors committed to spending $3 billion on infrastructure, but the state auditor demanded that commitment be increased to $20 billion.
Under the Sicomines deal, Chinese investors committed to spending $3 billion on infrastructure, but the state auditor demanded that commitment be increased to $20 billion.
“The company is not up for sale and this was unsolicited,” Sherry Duhe said in an interview with Bloomberg.
"The demand is bad but the outlook is good."
The miner is expected to make an announcement on the spinoff as early as next week.
A pick-up in property-related steel demand from China would underpin higher manganese prices in coming months, CEO Graham Kerr said.
A third employee was rescued with minor injuries.
The sale of the silver-zinc producer, which has five operating mines, is part of Glencore's efforts to further simplify the business.
A draft Standard is open for public comment until April 30, and webinars will take place on February 23 and March 2.
They plan to become the second nickel producer in the United States.
Demand for lithium batteries in the United States is expected to grow more than six times.