Nornickel plans to cut dividends to boost investment

He was found guilty of issuing illegal tax exemptions to a gold audit firm, which cost the government millions of dollars in lost revenues.

Companies are keen to avoid a repeat of last year’s five-month platinum strike, but their ability to raise salaries is limited.

The code, which is yet to be formalized into law, respects clauses in existing deals, said the miner.

Ottawa hopes new emissions rules will get the long-delayed Keystone XL pipeline one step closer to US State Department approval.

The move is part of a plan to sell the government's holdings in 10 state-owned companies over this year and next to boost foreign investment and revive growth.

They claim Beijing is using it to block imports and so favour its own struggling coal industry.

Greece votes no.

"Ideally the company should be broken up into a Chinese piece, a Turkish-listed piece and an 'other' piece."

The extension is for the miner's permits for emissions into the atmosphere and waste disposal into the tailings pond.