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The Times: Need to Know

Need to Know
Russia’s Energy Ministry has postponed costs approval of Royal Dutch Shell’s Sakhalin-2 project because it wants more information on why costs have doubled to $20 billion (£11.5 billion).
De Beers, the world’s biggest diamond group, which reported a 3 per cent rise in full-year pre-tax profits to $1.1 billion, said that its retail joint venture with LVMH, the French luxury goods company, has failed to meet expectations.
AngloGold Ashanti, the goldminer, has given warning of lower output this year and also said that its gold reserves had fallen 20 per cent.

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