NEWS
PRESS DIGEST-Financial Times - Nov 23
2023-11-23
Japanese carmaker Nissan will announce on Friday that it will build two new electric models at its UK plant as part of an investment expected to be worth more than 1 billon pounds. - Scotland's only remaining oil refinery at Grangemouth will cease operations in 2025, its owner Petroineos said on Wednesday, putting about 400 jobs at risk as the company grapples with lower demand and tightening margins.
Rio Tinto to pay $28mn penalty in US settlement over Mozambique mine
2023-11-22
Rio Tinto has agreed to pay a $28mn penalty to the US Securities and Exchange Commission to settle a suit over a failed $3.7bn coal deal in Mozambique more than a decade ago. The settlement brings to an end a long-running series of legal disputes over whether Rio Tinto intentionally misled investors about the disastrous investment, which cost former chief executive Tom Albanese his job. Last year, Rio Tinto settled a similar claim with the regulator in Australia.
Rio Tinto Pays Fine to End SEC Probe Into Mozambique Coal Deal
2023-11-22
(Bloomberg) -- Rio Tinto Group agreed to pay a $28 million fine to settle a six-year investigation by the US Securities and Exchange Commission into its disastrous acquisition of a coal mining business in 2011.Most Read from BloombergSam Altman, OpenAI Board Open Talks to Negotiate His Possible ReturnSam Altman Returns as OpenAI CEO in Chaotic Win for MicrosoftBinance Pleads Guilty, Loses CZ, Pays Fines to End Legal WoesNvidia Fails to Satisfy Lofty Investor Expectations for AI BoomMcKinsey and
Rio Tinto: Settlement with Securities and Exchange Commission
2023-11-21
LONDON, November 21, 2023--Rio Tinto has reached a court approved settlement with the Securities and Exchange Commission (SEC) of a suit brought in 2017 concerning disclosure of the impairment of Rio Tinto Coal Mozambique (RTCM) reflected in Rio Tinto’s 2012 year-end accounts.
Rio Tinto partners with Aymium to trial renewable biocarbon product
2023-11-21
MONTREAL, November 21, 2023--Rio Tinto and Aymium have partnered to develop and trial a renewable biocarbon product for use as an alternative resource to reduce emissions in large scale industrial processes.
10 Largest Cobalt Mining Companies and Their Mines in the World
2023-11-20
This article will discuss the leading cobalt extraction companies and their operational footprint. If you want to skip our overview of the major moves and trends in the cobalt mining industry, read 5 Largest Cobalt Mining Companies and Their Mines in the World. Trends in the Mining Industry According to PwC Global’s Mine 2023 Report, the top 40 […]
Wall Street Analysts See Rio Tinto (RIO) as a Buy: Should You Invest?
2023-11-20
The average brokerage recommendation (ABR) for Rio Tinto (RIO) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
3 Lithium Stocks With Short-Term Catalysts Ahead
2023-11-16
Lithium stocks still have plenty of gas in the tank amid the world’s transition to electric vehicles. But despite this apparent tailwind, there is good reason to believe that these developments have not yet been fully priced into the valuations of these companies. The stocks discussed in this article have company-specific catalysts and positive developments expected to propel their share prices upwards. So here are the best lithium stocks to consider buying in November.InvestorPlace - Stock Mark
11 Best European Stocks To Buy Now
2023-11-13
In this piece, we will take a look at the 11 best European stocks to buy now. If you want to skip our introduction to the European economy and major companies and countries, then take a look at the 5 Best European Stocks To Buy Now. Europe is one of the most developed continents in […]
Top 20 Diamond Producing Countries in the World
2023-11-09
In this article, we’ll discuss the leading diamond producing countries and the global dynamics of gem-quality diamond mining. If you want to skip the details of the diamond industry, read Top 5 Diamond Producing Countries in the World. According to Allied Market Research, in 2022, the global diamond market was valued at $100.4 billion, with projections indicating an […]
