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LONDON (Reuters) -Chilean miner Antofagasta posted a 5% increase in half-year profit on Tuesday, as higher copper prices more than offset lower sales. Earnings before interest, tax, depreciation and amortisation (EBITDA) for the first six months of the year rose to $1.39 billion from $1.33 billion last year. Antofagasta, majority owned by Chile’s Luksic family, …

Miner Antofagasta’s half-year profit up on strong copper prices Read More »

By Aref Mohammed and Ahmed Rasheed BAGHDAD (Reuters) -Iraq will share profits with BP from developing its giant Kirkuk oil and gas fields, two officials said on Tuesday, as the country moves away from low-margin service contracts to speed up production growth and lure back Western majors. Several oil majors, including BP, in recent years …

Exclusive-BP-Iraq deal on Kirkuk fields to use profit-sharing model Read More »

BRUSSELS (Reuters) -The European Commission said on Tuesday that it had approved a 5 billion euro ($5.5 billion) German state aid measure to support a new microchip manufacturing plant in Dresden for the European Semiconductor Manufacturing Company (ESMC). German Economy Minister Robert Habeck praised the decision and said his government would maintain the fast pace …

EU approves 5 billion euro German aid for ESMC semiconductor plant in Dresden Read More »

STOCKHOLM (Reuters) – Battery maker Northvolt will consolidate and shift development of lithium-metal battery technology to its R&D hub in Vasteras, Sweden, from California, the company said on Tuesday. The decision comes as the company is engaged in a strategic review to refocus its expansion plans after experiencing a series of setbacks such as production …

Battery maker Northvolt to shift R&D from California to Sweden Read More »

By Fabian Cambero SANTIAGO (Reuters) – Mining giant BHP’s quick fix to a recent six-day strike at its huge Escondida copper mine in Chile could set the tone for upcoming negotiations elsewhere, with workers emboldened by high copper prices to push for a larger share of the profits. Members of Escondida’s powerful Union No. 1 …

Analysis-BHP’s quick strike fix sets tone for labor talks amid copper rally Read More »