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Ferrexpo shares tumble after CEO suspected of embezzlement
Ferrexpo Plc shares tumbled to a one-year low after authorities said they suspect the company’s billionaire chief Kostyantin Zhevago of large-scale money laundering and embezzling funds from a bank he formerly owned. Detectives from Ukraine’s State Bureau of...
Rio Tinto sees rosy future for diamonds despite end of Argyle
Rio Tinto is exploring for diamonds in Canada as part of its plans to stay in the sector despite the looming closure of its Argyle mine in Australia, known for extremely rare pink diamonds, the firm’s head of copper and diamonds said. Demand and prices for the wider...
HySafe believes hydrogen could replace diesel at mine sites
Experts are discussing the possibilities of using hydrogen to replace diesel as the baseload fuel on remote mining sites. But according to the president of the International Association for Hydrogen Safety, Stuart Hawksworth, in order for that goal to become a...
First solid bitumen test shipment on its way from Alberta to China
A test shipment of bitumen oil from Alberta is on its way to China, but it didn’t get to a British Columbia port by pipeline – it was moved by train through Prince Rupert in a semi-solid form commonly known as neatbit. Melius Energy in Calgary is not the first company...