$30 billion megaproject taking shape in British Columbia

Evaluating rare earth projects is a tricky business, and the ambiguous reporting methods some companies use don't make it any easier.

Despite the fact that a major stakeholder has iced the project.

The seafloor miner revoked Papua New Guinea’s right to a 30% in its flagship project Solwara 1, and is now seeking undisclosed damages.

Despite extreme measures taken by gold miners to balance their books, the sector continues to suffer the aftermath of last year’s precious metal price nosedive.

Lower prices for key products.

Up 7.94%.

Net loss for the entire year climbed up to a monster $10.37 billion.

The miner has been among the most aggressive cost-cutters and plans to find a further $3 billion in savings this year.

Share price drops 4% on Wednesday.