Anglo’s coal retreat may boost South African fossil fuel output
Expansion at Thungela’s could mean the spinoff generates more greenhouse gases than had the mines been gradually run down by Anglo.
Expansion at Thungela’s could mean the spinoff generates more greenhouse gases than had the mines been gradually run down by Anglo.
The auction is expected to draw interest from other miners, automakers, battery makers and financial players.
The collapse of a dam at the Samarco mine complex in 2015 killed 19 people and severely polluted the Doce River with mining waste.
The agreement will likely see new restrictions on jade and placer mining in Tahltan territory.
The disaster killed 270 people but the court action only benefits the families of 131 workers directly hired by Vale.
Engineers and technicians told the auditors that the tailings at Xingu had not been properly drained.
Marex was considering a flotation in London that a source estimated could value the company at 500 million pounds ($706 million).
It takes about three months to cut, polish and sell a diamond, so stones bought cheaply at the start of the year are now being sold for a big profit.
China is considering imposing a cap on the price of thermal coal as it struggles to contain high energy costs ahead of peak demand over the summer.
Gold may benefit from government money flooding households and people less willing to work.