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Shedding De Beers takes the sparkle out of the London market thenationalnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationalnews.com Daily Mail and Mail on Sunday newspapers.
Swiss commodities giant Glencore has come under heavy fire over its coal strategy but is trying to exit this business as part of its takeover bid for Canada's Teck Resources. ....
With Carbon Border Taxes Looming, Rusal to Spin Off High-Carbon Assets Deripaska-linked aluminum producer will divest its dirtiest plants as it hopes to tap into a booming green metals market. Globally, producing one ton of aluminum emits more than 12 tons of carbon dioxide. Rusal Russian metals giant Rusal is embarking on a sweeping corporate overhaul in a bid to capitalize on the green energy revolution, curry favor with environmentally minded investors, and tap into lucrative markets for greener metals. The company, which is connected to sanctioned oligarch Oleg Deripaska, announced plans last week to split into two businesses one focused on producing green aluminum with a lower carbon footprint, and a dirtier, high-polluting arm encompassing the firm’s most carbon-heavy plants. ....
Blog Blog World Exploration Trends 2021 Report Blog 2 Mar, 2021 Author J. Holzman Russian mining giant PJSC Norilsk Nickel Co. was found responsible in 2020 for one of the largest oil spills in human history and was ordered to pay almost $2 billion in damages, exposing a significant risk for miners operating in a warming Arctic. However, it is unclear how much investors cared. After a large dip amid the initial spread of COVID-19, the stock barely budged after the spill and has been performing far above pre-pandemic levels in recent weeks, an analysis by S&P Global Market Intelligence found. The share price also surged in November 2020 amid broader hopes for a rebound in economic activity and green spending by mature governments. ....