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...Endeavour Mining stripped de Montessus of remuneration worth $29.1mn....
...“The LSE has a comparatively low appetite for mining investment and is no longer suitable as the company’s primary bourse,” he added....
...Vale faces a £3bn lawsuit in the Netherlands from 77,000 claimants over the 2015 Mariana dam collapse in Brazil, opening a new front in legal action against the mining group and its project partner BHP over...
...The Metals Company, a Nasdaq-listed, Vancouver-based company at the forefront of efforts to mine the Pacific seabed, has been lobbying US lawmakers for support measures, including federal funds for a proposed...
...One Continent Investments owns 49 per cent of Nere Mining, a company that bought the Karma mine in Burkina Faso from Endeavour in 2022, according to the miner’s annual report....
...Mining and trading group Glencore recorded a big increase in carbon emissions last year after it expanded coal production and restarted an oil refinery in South Africa that was closed by an explosion....
...London should ditch aspirations to be a global centre for technology company listings and instead focus on reversing the flight of mining groups to Australia and Canada, says the head of a UK private equity...
...As prices fall, the companies can only awkwardly point out that these metals now matter less and less to the group’s profits....
...Producers are buyers,” said Nick Lawson, chief executive of Ocean Wall, an investment house, in a reference to mining companies buying uranium supply to meet their supply obligations....
...Elliott Management is setting up a company to hunt for global mining assets in the range of at least $1bn, as it seeks to take advantage of the depressed valuation of groups operating in the sector, people...
...Rio Tinto’s board has approved the world’s biggest mining project in west Africa, chief executive Jakob Stausholm said as he outlined the company’s ambition to produce iron ore from the $20bn development...
...The California-based company is valued at $1.15bn, and also counts BHP, the world’s largest mining group, and oil major Equinor, as investors....
...The debt reduction plan aims to pave the way for the Swiss group to spin off a separate coal company in the second half of 2026, in what would be its most radical restructuring since buying mining group...
...Endeavour Mining, one of London’s largest listed gold producers, has fired boss Sebastien de Montessus after discovering that he instructed an irregular multimillion dollar payment and receiving allegations...
...De Montessus was the highest paid CEO in the FTSE 100 in 2021, despite Endeavour being a fraction of the size of the index’s largest companies....
...Rio Tinto’s share of the total cost is forecast to be $6.2bn, more than the company’s entire annual capital expenditure in some of the past five years....
Mining groups have begun to look elsewhere for growth
...One of the reasons for the size of his remuneration in 2021 was the company giving him a one-off payment of $10mn....
...Shares in commodity trader and mining company Glencore fell 3.2 per cent, while those in mining group Rio Tinto slipped 1.9 per cent....
...Deep sea mining is closest to reality. The Norwegian government pushed ahead with plans for mining in its waters in December....
...The board has appointed Ian Cockerill, currently deputy chair at Endeavour and the former chief executive of Gold Fields, a South African gold mining company, as CEO....
...Rio Tinto’s partnered with seven different companies, five of which are from China. Most of those are state-owned enterprises....
...Over half of the non-mining companies delivered double-digit returns, driven by banks, oil companies and utilities....
Lower input prices should drive down the cost of batteries, supporting margins
...But the plans are deeply controversial, with companies such as Google, BMW, Samsung and Volvo Group signing a WWF call for a stop to deep-sea mining....
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