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Local governments are selling off idle properties and mining rights as the country's faltering economy puts pressure on fiscal revenue, Caixin Global reported
The deal will give the global miner ownership of Turquoise Hill's 66% stake in Oyu Tolgoi, the world's largest known copper and gold deposits, 550km south of Mongolia's capital Ulaanbaatar
Toyota now plans to outlay $3.9 billion on an EV battery plant in North Carolina, it said on Wednesday, partly because of rising consumer demand.
Higher gas and oil prices caused profits to jump to $5.14 billion for the April-June period, soaring 140% from $2.14 billion a year earlier.
Move comes as steelmakers around the world are under pressure to cut CO2 emissions to tackle climate change. Steelmaking generates up to 11% of global carbon emissions
Dozens of local men are alleged to have died in mines run by a Chinese mining company, which is accused of digging under a neighbouring concession to steal a huge amount of gold
The US must match China's huge investment in clean energy as Beijing uses any industrial dominance for geostrategic power, a senior US defence official said
China dependence on foreign sources of battery metals such as nickel, lithium and cobalt poses a risk to its electric vehicle industry, a metals industry official said on Friday.
Nayara Energy's Russian parent Rosneft has already been hit by Western sanctions after Russia's invasion of Ukraine and traders are concerned the Indian refiner will suffer the same fate.
Taipower spokesperson Wu Chin-chung said no more business would be done with Russia due to its war in Ukraine. It will get coal from several other countries instead.
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