Rio Tinto to pay an extra $75 million in taxes on new rulings
The miner is warning the multitude of new legislation could send compliance costs soaring by tens of millions of dollars for global companies.
Cecilia Jamasmie , Editor-in-Chief
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Gold prices to rally this week on Ukraine and China worries
Traders are closely following Sunday’s poll in Ukraine's Crimea region, as its results could further increase geopolitical tensions and hence affect gold prices.
India’s Goa freezes third phase of iron ore e-auction
Due to slump on prices for the steel-making material.
Scientists find way to turn base metal into precious one
More than conquering the age-old quest to turn base metals into precious ones, these scientists are applying modern day alchemy to build the next-generation of fuel cells and electrolyzers.
Man finds 2.89-carat diamond at Arkansas state park
Estimated to be worth around $20,000.
Rio Tinto’s Sam Walsh scores $9m after pay increase in first year
The figure includes salary, a cash bonus, shares and other benefits for the man who was able to take Rio Tinto from a US$3 billion loss to a US$3.7 billion profit in a year.
Enbridge seeks 40% natural gas rate hike in Canada’s Ontario
Because harsher than usual Canadian winter forced firm to buy more natural gas, at a much higher cost than expected.
Athabasca Oil founder resigns after Dover project approval
William Gallacher, who founded Athabasca in 2006, is being replaced by Thomas Buchanan.
Hybrid cars magnate says shutting down US coal industry would save the Earth for only $50 billion
The one-time investment has the potential to generate $100-150 billion in benefits every year for the next decade.
Gabriel Resources uncertain about future of Romanian gold project
The miner may lay off 400 workers at its Romanian subsidiary unless prospects for its Rosia Montana gold and silver mine improve.
US deploys AI agents to speed critical minerals recovery
AI-powered CICERO system cuts critical minerals recovery testing from years to days using robotics and automation.