pipelines

Reid to step down as Xstrata finance head

Departure likely to heighten some investors’ fears of an exodus of senior managers after the miner’s takeover by trading house Glencore

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Posco seeks stake in Canada iron ore mine

South Korean steelmaker has secured exclusive negotiating rights for a 15% stake in ArcelorMittal Mines Canada worth more than $1bn

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Sasol to invest $21bn in US gas plants

Final investment decisions for the sites will be taken in 2014, but the chief of the South African group says he expects them to be ‘relatively easy’

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