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...“It means less US produced natural gas is available to replace coal around the world — that’s clearly a bad thing,” she told the Financial Times....
...Alfaro said he expected Exxon’s stock buyback programme to accelerate following its $60bn acquisition of US shale oil producer Pioneer Natural Resources, which the company expects will close by the end of...
...The battle for natural resources crucial to the green energy transition is in the spotlight again with the biggest offer for a mining company in years and a new warning over China’s dominance of a critical...
BHP, whose £31bn bid for Anglo has been rejected, faces fraught politics and complicated history in the country
...South Africa’s minerals resources minister Gwede Mantashe told the Financial Times that he opposed the bid because his country’s experience with BHP was “not positive”, though he said this was not an official...
...But the thing about mines is that they’re often natural monopolies in the areas they operate, selling into a global market....
...The UK Serious Fraud Office and law firm Dechert are on the hook to pay potentially millions of pounds to Eurasian Natural Resources Corporation, after the High Court ruled major mis-steps by both parties...
...BUY: Pan African Resources (PAF) South African gold miner has reported a 46 per cent uptick in interim earnings, writes Alex Hamer....
US manager known for aggressive approach bets markets are too pessimistic about potential losses on utility’s debt
The $40mn pay packet for Darren Woods comes amid debate in London about transatlantic valuation gap
A potential failure at the UK’s biggest water provider could carry sector-wide risks, survey finds
Anglo American unit’s output down 23% as luxury pullback and emergence of lab-grown gems take toll
...South Africa’s minerals resources minister Gwede Mantashe has voiced his opposition, saying that BHP “never did much” for the country. Another possible hurdle is antitrust scrutiny....
Plus, Elliott’s caught in an AC Milan legal battle and Byju’s investors try to oust its founder
Any deal would need South African government’s approval while cost savings are another issue
The 107-year-old South African mining group, long resistant to change, has now rejected a takeover offer from BHP
...“As we enter the global era of natural gas, it is imperative for US natural gas companies to evolve their business models to compete on the global stage,” Rice said....
Investigation commissioned by gold miner finds former chief Sébastien de Montessus ‘caused’ company to make payments
...Even accounting for natural depletion rates of existing mines, this is not a market that can withstand large supply additions. Yet that is precisely what it is facing....
Plus, Shein considers London for its IPO and Blackstone strikes a deal with Barclays
Also in today’s newsletter, new data on EU carbon emissions
...Project delays and cost overruns also sapped confidence in the industry and forced several high-profile US companies, such as Centrus Energy Corp and Westinghouse Electric Co, to file for bankruptcy....
Ben van Beurden says US-listed companies benefit from deeper pool of capital and higher valuations
Mongolian national seen as frontrunner to become miner’s next boss
...Rinehart, dubbed the “iron lady” in Australia, built her fortune in iron ore but drew attention last year when she built stakes in two lithium prospects — Liontown Resources and Azure Minerals....
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