The Commerce Department finished the report into whether automotive imports are a threat to the US national security. Although the conclusion of the report has not been released yet, it is likely that Trump now has 90 days to decide on imposing tariffsRead full newsRead More
Cryptocurrencies are surging while the US equity markets take the day off...Read full newsRead More
By Laura Millan Lombrana(Bloomberg) - Just weeks after the police unit was formed, they caught their first glimpse of the copper thieves - the silhouettes of a group of men on a hill overlooking the rail lines - triggering a car chase at the dead of night across Chile's Atacama desert.While the pursuit ended in failure, with the gang disappearing into the dark at full speed, at least the police ha...Read More
Feb 18 (Reuters) - African miner Petra Diamonds named a new chief executive on Monday as it works to cut debt and generate free cash flow after first-half core earnings were hit by lower diamond prices.The news helped lift its shares more than 8 percent by 1010 GMT. The broader mining market was little changed.Analysts said appointing Richard Duffy, who has held finance posts in his 27 years in th...Read More
(Bloomberg) - Liberian President George Weah declared Monday a day of national mourning after more than 40 people were killed in a mudslide at an alleged illegal mine in the north of the country.The national disaster management agency has been searching for survivors since the incident in Nimba County last weekend, but the region is inaccessible and getting the necessary equipment there is posing...Read More
Brazil is prohibiting a specific type of tailings dam after two of those structures owned by miner Vale SA burst in recent years, causing death and environmental devastation.All so-called upstream dams need to be decommissioned or removed by August 2021, according to a resolution the National Mining Agency, or ANM, published on Monday in the nation's official gazette. Dam owners have until Aug. 15...Read More
* Industry one of biggest consumers of power* Deeper power cuts risk production, jobs* Some eyeing own power generation* But say face red tapeBy Tanisha Heiberg and Zandi ShabalalaJOHANNESBURG/LONDON, Feb 18 (Reuters) - South African utility Eskom imposed the worst power cuts in several years on homes and businesses last week, conjuring up memories of the 2008 crisis when the grid nearly collapsed...Read More
Locals claim that pollution caused by bauxite mining has turned Malaysia's sea red. Photo by GERAM | CleanMalaysia.comKUALA LUMPUR, Feb 18 (Reuters) - The Malaysian government said it would not extend its moratorium on bauxite mining which ends on March 31 due to strong demand for the industry, state news agency Bernama reported on Monday, quoting the water, land and natural resources minister.Mal...Read More
Because of Moscow's support for Maduro, the international community and market analysts are closely watching the relationship of Russian oil companies with Venezuela. Read full newsRead More
the total amount is twice the amount the U.S. Treasury paid to bail out the auto industry during the last recessionRead full newsRead More
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If you enjoy stories like this one, please consider joining the Flathead Beacon Editor's Club. For as little as $5 per month, Editor's Club members support independent local journalism and...Read full newsRead More
If you enjoy stories like this one, please consider joining the Flathead Beacon Editor's Club. For as little as $5 per month, Editor's Club members support independent local journalism and...Read full newsRead More
At least 60 miners were in the two disused shafts when they were flood on Tuesday, according to the government.Read full newsRead More
A rebound in the oil sector in recent weeks has investors wondering which energy stocks might offer some attractive upside potential on an extended recovery.Let's take a look at Cenovus Energy (TSX:CVE)(NYSE:CVE) to see if it deserves to be on your buy list.Tough runFalling oil prices, pipeline bottlenecks, and some ill-timed management decisions have hammered Cenovus in recent years, resulting in...Read More
After overpromising and failing to deliver for almost a decade, intermediate gold miner Gran Colombia Gold Corp. (TSX:GCM) appears to finally have found its footing. Not only has it made substantial improvements to the operations of its flagship Segovia properties, but it has also bolstered its balance sheet and simplified its capital structure. Those positive developments saw Gran Colombia gain 4...Read More
Gold has been on a tear since late 2018, gaining over 3% for the year to date and buoying gold miners. The growing optimism surrounding the outlook for the yellow metal makes now the time for investors to bolster their exposure to gold. One intermediate gold miner that, according to some pundits, appears attractively valued is Yamana Gold (TSX:YRI)(NYSE:AUY).Intermediate miner focused on South Ame...Read More
When investors think of investing in gold they think of bullion, large established gold miners and precious metals streamers. While many of these can be worthwhile means of bolstering exposure to the yellow metal, it is the smaller junior miners and explorers that offer the potential to obtain outsized returns. Since the start of 2019, junior miner Lundin Gold Inc. (TSX:LUG) has soared by 17%. Reg...Read More
On January 31st, Amazon reported an expected "beat" for Q4 revenue and net income. After the headline report hit the tape, the stock soared $59 to $1777 from the closing price ($1718) minutes earlier. But then the stock began plunging. It closed the after-hours session at $1635, down $142 from the earnings headline spike and down $83 from the NYSE close. The Company guided Q1 revenues down below t...Read More