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...Griggs, an auditor, was elected US senior partner in February in a ballot of PwC’s 4,000 US and Mexico partners, beating Kathryn Kaminsky, co-head of trust solutions, and Jenny Koehler, chief investment...
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...The world’s biggest miner of rare earths outside China posted a profit drop of more than 74 per cent for its first half on Monday amid weaker Chinese demand....
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...Investors could use these as a proxy for miners, making them a substitution rather than additional demand....
...The project’s issues mark a further setback for mining’s reputation in London as a safe place to secure returns on investor capital, at a time when Glencore is coming under pressure to move its primary listing...
...The miner had arranged a A$760mn debt package to fund its operations but said it will revise that loan to a smaller amount. Liontown shares dropped 22 per cent during trading on Monday....
...Glencore-backed nickel miner Horizonte Minerals has warned it needs another financial injection after reporting a more than doubling in the cost to build its flagship project in Brazil....
...Some juniors are reaching the point where the investment needs of projects look overwhelming, forcing a sale. Smaller miners fall into two camps....
...A scheduled plan in April this year will halve the incentives made available to miners that verify new blocks of bitcoin transactions....
...They are responding to a blistering rally in uranium prices, which reached a 16-year high above $100 a pound in January and remains elevated at $92 a pound....
...Griggs emerged with more than 50 per cent of the vote in a three-way race against Kathryn Kaminsky, co-head of the assurance business, and chief investment officer Jenny Koehler....
...That is a long way from the 0.5 TWh that was sold last year. But any hoped-for boost for the miners has seemingly gone flat....
...A similar move by the billionaire led to the collapse of Albemarle’s A$6.6bn takeover of Liontown Resources....
...Mike Henry, chief executive of BHP, said the miner supported the production credits, but the market was going through a structural change....
...The mining giant’s $10bn-a-year in capital expenditure is markedly higher than its investment of between $5bn and $7.4bn annually over the past five years....
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