Mr. Juha Silvennoinen (MSc. in Engineering) has been appointed President, Services business line in Mining and Construction as of March 26, 2014. Juha has made a long career in ABB where he has held several executive positions in various businesses. In his last position at ABB he was responsible for Motors and Generators business unit, which employs some 16,000 people globally.

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.

Because harsher than usual Canadian winter forced firm to buy more natural gas, at a much higher cost than expected.

William Gallacher, who founded Athabasca in 2006, is being replaced by Thomas Buchanan.

Price of the steelmaking raw material up 6.5% since Monday.

News that the massive Canadian mine has finally entered production and China's plans for 20 new reactors by 2020 are ahead of schedule lead to broad rally.

Chinese premier says country has "very limited space for maneuver in carrying out fiscal and monetary policy" and faces "multiple tough choices in exercising macro-control."

The one-time investment has the potential to generate $100-150 billion in benefits every year for the next decade.

The miner may lay off 400 workers at its Romanian subsidiary unless prospects for its Rosia Montana gold and silver mine improve.