Rio Tinto shares slump as Serbia pulls plug on its $2.4 bln lithium project

Rio Tinto shares slump as Serbia pulls plug on its .4 bln lithium project

Serbia revokes Rio’s lithium exploration licenses Share prices fall as cancellation seen as major setback Cancellation will mean greater lithium shortage – analyst MELBOURNE, Jan 21 (Reuters) – Rio Tinto shares fell on Friday after Serbia revoked its lithium exploration licenses on environmental grounds, hurting the Anglo-Australian miner’s ambition to become the biggest supplier European … Read more

‘This is an end’: Serbia revokes Rio Tinto’s lithium project licences

‘This is an end’: Serbia revokes Rio Tinto’s lithium project licences

BELGRADE, Jan 20 (Reuters) – Serbia revoked lithium exploration licenses from Rio Tinto (RIO.L) on Thursday, bowing to protesters who opposed the British-Australian mining giant’s development of the project for environmental reasons. Serbian Prime Minister Ana Brnabic said the government’s decision followed demands from various environmental groups to halt the $2.4 billion Jadar lithium project … Read more

Australia records highest temperature in 62 years

Australia records highest temperature in 62 years

SINGAPORE, Jan 14 (Reuters) – Another day, another record-breaking heat. Australian authorities warned people to stay indoors on Friday as a severe heatwave along the northwest coast pushed temperatures to 50.7 degrees Celsius (123 degrees Fahrenheit), hitting an all-time high 62 years ago. Climate scientists and activists have sounded the alarm that global warming due … Read more

World’s biggest uranium miner says it is unaffected by Kazakh turmoil

World’s biggest uranium miner says it is unaffected by Kazakh turmoil

Soldiers are seen in the main square where hundreds of people protested against the government, after the authorities’ decision to lift the price cap on liquefied petroleum gas, in Almaty, Kazakhstan on January 6, 2022. REUTERS / Mariya Gordeyeva Register now for FREE and unlimited access to Reuters.com Register ALMATY, Jan.6 (Reuters) – Kazatomprom (KZAP.KZ), … Read more

Stocks, oil falter on Omicron, Biden spending plan setbacks

Stocks, oil falter on Omicron, Biden spending plan setbacks

US stocks down more than 1% Oil drops more than 3% The US dollar under pressure NEW YORK, Dec.20 (Reuters) – U.S. stocks fell more than 1% on Monday, pushed down by the surge in Omicron coronavirus cases and a possible fatal blow to a domestic spending bill of $ 1.75 trillion. US dollars, oil … Read more

Thousands block roads across Serbia in anti-government protest

Thousands block roads across Serbia in anti-government protest

BELGRADE, December 4 (Reuters) – Thousands of people blocked roads across Serbia during an anti-government protest against two new laws that environmentalists say will allow foreign companies to exploit local resources. The Serbian government has offered mineral resources to companies such as Chinese copper miner Zijin (601899.SS) and Rio Tinto (RIO.L). Environmental activists say the … Read more