Business
Barrick Mining considers splitting into two entities | The Express Tribune
Pakistan has already chalked out a $1.9 billion funding plan to execute the Reko Diq copper and gold mining project. Total project funding has been estimated at $4.297 billion. Photo: File
TORONTO:
The board of Canada’s Barrick Mining has raised the possibility of splitting the company into two separate entities, one focused on North America and the other on Africa and Asia, four sources familiar with the company’s thinking told Reuters.
A split could also include the outright sale of Barrick’s African assets as well as of the Reko Diq mine in Pakistan, once it has secured financing, according to the sources. In Mali, Barrick is looking to resolve a dispute with the African nation’s military administration before selling the asset, sources said. Talks are ongoing and nothing has yet been finalised, the sources said.
The plans, if they go through, would essentially reverse Barrick’s merger with Randgold in 2019, and shed assets brought in by former CEO Mark Bristow.
The company’s focus on North America, including Fourmile, a major undeveloped gold mine in Nevada, would ensure that Barrick does not get undervalued in case of a potential takeover offer, one of the sources said.
Business
When will Americans receive $2,000 tariff dividends? Donald Trump speaks out – The Times of India
President Donald Trump has said Americans could see $2,000 tariff dividend checks in 2026, but no exact date has been set yet, although he hinted at the timeline.The payments are expected to come from revenue raised through tariffs.Speaking to reporters aboard Air Force One on Friday, Trump said the checks will not arrive in time for the Christmas shopping season. “It will be next year. The tariffs allow us to give a dividend. We’re going to do a dividend and we’re also going to be reducing debt,” he said.The MAGA chief first floated the idea of tariff dividends earlier this month, suggesting that high-income earners would be excluded, though he did not define a specific income threshold. Trump said his Truth Social platform, “A dividend of at $2000 a person (not including high income people!) will be paid to everyone. Those against the tariffs are FOOLS!”
Rebate for families making less than $100,000
Treasury Secretary Scott Bessent explained last week that the administration was still discussing income limits. “Well, there are a lot of options here that the president’s talking about a $2,000 rebate and those — that would be for families making less than, say, $100,000,” Bessent told Fox & Friends, later clarifying that no final decision had been made.The plan faces legal hurdles. The US Supreme Court has questioned the legality of Trump’s tariffs under the International Emergency Economic Powers Act, raising the possibility that some could be struck down. Trump acknowledged that if the Court rejects the tariffs, “Then I’d have to do something else.” The payments would also require congressional approval, with some Republicans sceptical and urging a focus on reducing the federal deficit.Trump’s tariffs, including IEEPA tariffs, have raised around $90 billion since implementation, with all tariffs taking in $195.9 billion in fiscal 2025. Analysts estimate that if the $2,000 dividend were limited to individuals earning under $100,000, the cost would be about $300 billion, according to the New York Post. Trump has repeatedly argued that tariffs are a tool to rebalance trade and support American businesses. Treasury Secretary Bessent said the tariffs are intended to create a “perfect storm” for rebalancing trade rather than merely raising revenue.The GOP leader remains committed to the idea of sending checks to Americans. “We are taking in Trillions of Dollars and will soon begin paying down our ENORMOUS DEBT, $37 Trillion. Record Investment in the USA, plants and factories going up all over the place,” he posted on Truth Social.
Business
Nature is not a blocker to housing growth, MPs find
Pritti Mistry,Business reporter and
Marc Ashdown,Business correspondent
Getty ImagesNature is not a blocker to housing growth and the government risks missing both its housing and nature targets if it views it as one, a cross-party group of MPs has warned in a new report.
The Planning and Infrastructure Bill overrides existing habitat protections, which the government has suggested is a barrier to its target to build 1.5 million houses by the end of this parliament.
But in a report published on Sunday, the Environmental Audit Committee (EAC) found the measures outlined in the bill are not enough to allow the government to meet its goals.
“Using nature as a scapegoat means that the government will be less effective at tackling some of the genuine challenges facing the planning system,” the report said.
A Ministry of Housing spokesperson said it was fixing a failing system with landmark reforms, which would deliver a win-win for the economy and the environment.
The Labour government has promised to build 1.5 million new homes in England by 2029 as part of efforts to solve the housing crisis and boost economic growth.
Under its housing reforms, it wants to simplify the planning system to speed up house-building on smaller sites by overriding existing habitat and nature protections.
If passed, the draft legislation, which is currently making its way through the final stages in parliament, would instead allow developers to make general environmental improvements and pay into a nature restoration fund that improves habitats on other sites.
But the EAC has argued that nature is not a “blocker” to delivering housing – it is a necessity for building resilient neighbourhoods.
The EAC urged the government to instead focus on addressing a skills shortage in ecology, planning and construction.
“The government must not veer down the path of viewing nature as an inconvenience or blocker to housebuilding,” the report said.
“In most cases, housing delivery is delayed or challenged due to unclear and conflicting policies, land banking and skills shortages.”
The EAC suggested offering people better incentives to build and live in “carbon-friendly homes”, or to retrofit existing ones.
It outlined a series of recommendations aimed at boosting manufacturing viability of green construction products and alter the tax burden to support eco-friendly homes.
Environmental group Friends of the Earth said the government needed to set the right priorities.
Paul De Zylva, nature campaigner at Friends of the Earth, said: “This report shows that the Planning & Infrastructure Bill is bad legislation that neither provides the quality homes people need nor truly protects our already depleted nature.
“Instead of attacking newts, bats and our nature laws to justify its growth-at-any-cost agenda, the government would be better focusing on delivering against its legal targets for nature which are at risk of being missed.”
A spokesperson for the Ministry of Housing, Communities & Local Government said: “The Government inherited a failing system that delayed new homes and infrastructure while doing nothing for nature’s recovery.
“We are fixing this with landmark reforms, including the Nature Restoration Fund, that will create a win-win for the economy and the environment.
“This will get Britain building the 1.5 million homes we desperately need to restore the dream of homeownership, and not at the expense of nature.”
Business
IGL Hikes CNG Prices In Select Cities; Check Latest Rates
Last Updated:
Indraprastha Gas Limited hiked CNG prices by Rs 1 in select cities from November 16, 2025. Delhi remains at Rs 77.09 per kg, Noida and Greater Noida at Rs 85.70 per kg.
IGL hikes CNG prices in some cities.
IGL CNG Prices: Indraprastha Gas Limited (IGL) on Saturday hiked the prices of compressed natural gas (CNG) across select cities around Rs 1. It came into effect from 6:00 AM on November 16, 2025.
Following the revision, the latest price of CNG in Noida and Greater Noida is Rs 85.70 from Rs 84.70 per kg. While in Delhi, the price of per kg CNG remained the same of Rs 76.09.
CNG stands for compressed natural gas. It is gaseous fuel and is a mixture of hydrocarbons mainly Methane.
IGL has been supplying CNG to over 15 Lakhs vehicles, through its robust network of above 725 CNG stations in Delhi, Noida, Greater Noida, Ghaziabad, Hapur, Muzaffarnagar, Shamli, Meerut , Kanpur, Fatehpur, Hamirpur, Rewari, Gurugram, Karnal and Kaithal.
| CNG Retail Prices (w.e.f 6:00 AM of 16th Nov 2025) | |
|---|---|
| NCT of Delhi | Rs. 77.09 /- per Kg |
| Noida | Rs. 85.70 /- per Kg |
| Ghaziabad | Rs. 85.70 /- per Kg |
| Muzaffarnagar | Rs. 86.08 /- per Kg |
| Meerut | Rs. 86.08 /- per Kg |
| Shamli | Rs. 86.08 /- per Kg |
| Gurugram | Rs. 82.12 /- per Kg |
| Rewari | Rs. 82.70 /- per Kg |
| Karnal | Rs. 82.43 /- per Kg |
| Kaithal | Rs. 83.43 /- per Kg |
| Kanpur | Rs. 88.92 /- per Kg |
| Hamirpur | Rs. 88.92 /- per Kg |
| Fatehpur | Rs. 88.92 /- per Kg |
| Ajmer | Rs. 86.94 /- per Kg |
| Pali | Rs. 86.94 /- per Kg |
| Rajsamand | Rs. 86.94 /- per Kg |
| Mahoba | Rs. 83.92 /- per Kg |
| Banda | Rs. 83.92 /- per Kg |
| Chitrakoot | Rs. 83.92 /- per Kg |
| Hapur | Rs. 86.70 /- per Kg |
| Gautam Budh Nagar | Rs. 85.70 /- per kg |
| Greater Noida | Rs. 85.70 /- per Kg |

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
November 16, 2025, 18:04 IST
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