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Investors are hoping that winning a motion in a related lawsuit brings back hope for the company's mining project.
LONDON/MELBOURNE (Reuters) -Australia's securities watchdog has closed its investigation into former Rio Tinto Ltd executive Alan Davies over an alleged $10.5 million payment to a consultant in Guinea, citing insufficient evidence, according to a letter reviewed by Reuters. Davies, formerly Rio's Energy and Minerals chief executive, was fired in late 2016 after Rio Tinto became aware https://www.reuters.com/article/us-rio-tinto-guinea-terminates-idUSKBN13B2Y4 of emails from 2011 that referred to payments to the consultant in connection with its vast Simandou iron ore project in the West African nation. According to the letter, ASIC's investigation covered directors duties like care and diligence and operating in good faith, obligations of honesty, and true and correct books and records.
(Bloomberg) -- Nickel surged to a seven-year high in London amid concerns that there’ll be less supply of the key industrial metal to meet resilient demand from economies reopening as the pandemic retreats.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyBeef Industry Tries to Erase Its Emissions With Fuzzy Methane MathGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightHate-Speech Case Forces Japan
Bitcoin mining has earned a bad reputation for guzzling cheap electricity in the pursuit of profit. Now bitcoin miners are trying to go green, to a point.
Elevation Gold Mining Corporation (TSXV: ELVT) (OTC: NHVCD) (the "Company" or "Elevation Gold") a U.S. gold and silver producer with district scale exploration projects in the Walker Lane Trend of Nevada and Arizona is pleased to report updated Mineral Reserve, Mineral Resource estimates and Technical Report for its Moss Mine, located in Mohave County Arizona. The Company also provides production results for the quarter ended September 30, 2021.
(Bloomberg) -- Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyForget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureBeef Industry Tries to Erase Its Emissions With Fuzzy Methane MathGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightKumba Iron Ore Ltd.’s struggle in getting supplies to ports is further highlighting the constraints South Africa faces in exporting key commodities inc
Archer Exploration Corp. (CSE: RCHR) ("Archer" or the "Company") is pleased to announce that it has commenced field work to follow-up on high-grade rock-chip results from previous and historical exploration activities on the Caster property, located in the Lac Paul region of Quebec (the "Caster Property"). The Company is also pleased to announce that it has agreed to extend certain deadlines in the option agreement dated August 1, 2020 (the "Option Agreement") between Geomap Exploration Inc. (th
‘This is a significant and growing source of greenhouse gas emissions,’ says think tank president
American plastics industry, described by experts as ‘the new coal’, releasing at least 232m tons of gas annually Plastic bottles in San Francisco. ‘The health impacts of the emissions are disproportionately borne by low-income communities and communities of color,’ Judith Enck of Beyond Plastics said. Photograph: Justin Sullivan/Getty Images The plastics industry in the United States is on track to release more greenhouse gas emissions (GHG) than coal-powered electricity generating plants by the
The U.S. plastics industry releases at least 232 million tons of greenhouse gases each year — and the problem is only growing
Hundreds of Chinese companies are listed on U.S. markets. But which are the best Chinese stocks to buy or watch right now? Sohu, Nio, and Li Auto, Xpeng and BYD Co.. China is the world's most-populous nation and the second-largest economy with a booming urban middle class and amazing entrepreneurial activity.
Plug Power, a maker of hydrogen fuel cells, unveils ambitious growth plans and sees accelerating revenue in 2022. Is PLUG stock a buy right now?
Marathon Digital stock has been volatile as Bitcoin adoption grows. Here’s what the fundamentals and technical analysis say about the stock.
(Reporting by Shreyashi Sanyal in Bengaluru; Editing by Arun Koyyur)
Crocs reported third-quarter earnings on Thursday that beat estimates, and the casual-footwear maker forecast sales gains this year and next even as it navigates a mangled global supply chain. The clog maker reported a month after announcing an accelerated buyback program, and as it seeks longer-term growth in nations like China and tires to broaden its footwear offerings. Crocs earned $2.47 a share, more than double a year ago, beating estimates for $1.87.
Investors need to remain cautious because challenges persist, including for U.S. and European companies with ties to China.
UniCredit boss Andrea Orcel and Italy's government are poles apart over the terms of a deal to buy ailing bank Monte dei Paschi (MPS), people involved in the talks say, with the state balking at capital demands surpassing 7 billion euros ($8 billion). Italy has long pointed to a merger with a healthier rival as the only way to draw a line under a decade-long crisis which has made MPS the epitome of the country's banking woes. UniCredit, on the other hand, has few options at home if it wants to bridge a gap with rival heavyweight Intesa Sanpaolo, whose market share last year became twice that of UniCredit after the takeover of mid-sized peer UBI.
The company says it's working to rebuild its home territory of Seattle and the Pacific Northwest, which has led the airline’s recovery.
(Reuters) -AutoNation Inc on Thursday reported a better-than-expected quarterly profit and unveiled an additional $1-billion share buyback program, as the largest U.S. auto retailer benefited from surging car prices on tight inventories. AutoNation, which reported another quarter of record income, said new vehicle inventory remained at historically low levels leading to a marginal rise in new vehicle revenue in the third quarter ended Sept. 30. AutoNation Chief Executive Mike Jackson told Reuters that tight inventories and high prices are leading some customers to defer buying a new vehicle.
Meanwhile, WTI oil failed to settle above $84 and pulled back towards the $83 level.
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