Nornickel has set aside $2.1-billion after Russia’s ecological watchdog asked it to pay for the damage caused by the spill of about 150 000 barrels of diesel from a storage tank into a river system.
Chief executive Andrew Mackenzie believes the iron ore market will take longer to balance out than other commodities due to an excess of supply coming on stream in the next few years.
Andrew Harding, once tipped as the most likely person to take the company’s reins, is being replaced by Chris Salisbury, currently leading the copper and coal division.
Tesla Model 3 promises to move electric cars from niche to mainstream, spurring larger electric car adoption in transport, according to Wood Mackenzie’s latest research.
Studies underway at Boulby Underground Laboratory, the UK's deep underground science facility, include the analyses of cosmic rays and climate, as well as astrobiology and life in extreme environments.