Sirius Minerals Plc, seeking to build a $1.9 billion potash project in the U.K., dropped to the lowest in almost two years in London trading after announcing it won’t submit planning documents until July next year.
Glencore Xstrata Plc, the global commodity trader and metals producer run by billionaire Ivan Glasenberg, agreed to proceed with a study into an iron ore mine in the Republic of Congo that may cost as much as $3 billion.
Rio Tinto Group, the second-biggest mining company, is considering a temporary halt to construction work at its $6.2 billion Oyu Tolgoi copper and gold project in Mongolia as the government demands a greater share of profit from the mine, according to two people familiar with the plans.
Indonesia’s Bakrie family, a palm oil-to-property-empire started in 1942, offered to buy back the coal assets it helped bring to the London market with Nathaniel Rothschild in a $3 billion deal two years ago.
A corruption probe into how a group run by Israel’s richest person secured rights to a Guinea iron ore project is set to spark interest from rival companies looking to swoop on one of the world’s most valuable deposits.
Bumi Plc, the coal producer at the center of an ownership dispute between its founders, said a review of the books at one of its two Indonesian units found $201 million of spending with “no clear business purpose.”
Samin Tan, president director of Indonesian coal supplier PT Borneo Lumbung Energi & Metal, was appointed chairman of Bumi Plc as Nathaniel Rothschild stepped down as co-chairman following a boardroom dispute last year.