Eike Batista, the former billionaire who lost his fortune and spent time in jail for alleged corruption, has a new headache: a lawsuit from his ex-wife.
According to minister Aurora Williams, miners with operations in the country currently spend $20 billion on support services a year and figure is set to increase.
U.S. President Donald Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after his plan to put tariffs on imports of steel and aluminium triggered global criticism and a slide in world stock markets.
Australia’s corporate watchdog has launched court action against the company, former chief executive Tom Albanese and chief financial officer Guy Elliott.
The U.S. oil and gas industry slammed Trump’s plan to impose tariffs on imported steel, saying the move would kill energy jobs by raising costs for big infrastructure projects.