Office Depot Inc (NYSE:ODP) keeps on fighting. Two years ago, the Federal Trade Commission appeared to deal the company a knockout blow. The country’s largest office supply chains, Staples and Office Depot, had intended to merge. For whatever bizarre reason, the FTC blocked the deal as being uncompetitive. ODP stock plunged following the decision.Staples had a much stronger competi...Read More
LONDON (Reuters) - The London Metal Exchange (LME) is working to see if it can expand access to Rusal's aluminum, which is under suspension due to U.S. sanctions, but the exchange needs to be cautious, Chief Executive Matthew Chamberlain said on Tuesday."We are working very closely with all the parties involved to see if we can expand that eligibility, but I think the market does agree that we sho...Read More
The Trump administration has quietly asked Saudi Arabia to increase oil production by about 1 million barrels a day, enough to offset expected oil export declines as a result of Trump's renewed embargo on Tehran.Read full newsRead More
(Bloomberg) - Murray Energy Corp., the coal miner led by Robert E. Murray, said some of its debt holders agreed to refinance a chunk of the company's bonds and loans as the Trump administration makes a new push to buoy the struggling fossil fuel industry.The deal cuts debt and gives Murray Energy more time to repay obligations, in return for a higher interest rate and more collateral, the company...Read More
(Bloomberg) - Canadian crude surged by the most ever after Enbridge Inc. said it won't implement a new procedure to stop shippers from claiming more space than they can use on a key pipeline linking Alberta's oil sands with U.S. refineries.Western Canadian Select jumped as much as $12.20 a barrel to $13.80 below the U.S. benchmark Monday, the narrowest spread since May 16. Canadian crudes have we...Read More
SANTIAGO, June 5 (Reuters) - Chilean lithium miner SQM has retained former chairman Julio Ponce as an adviser, according to Chilean state development agency Corfo, despite an agreement to distance himself from the firm to end a long-running royalties dispute.Ponce and his brother Eugenio, a former president of the world's biggest exporter of lithium carbonate, were employed as strategic advisers i...Read More
WASHINGTON, June 5 (Reuters) - Republican and Democratic U.S. senators plan to introduce as soon as Tuesday legislation that would force President Donald Trump to obtain Congress' approval before imposing tariffs on national security grounds, a senior senator said on Tuesday.Republican Senator Bob Corker, chairman of the Foreign Relations Committee, said legislation would be introduced on Tuesday...Read More
JOHANNESBURG, June 5 (Reuters) - South Africa's Harmony Gold said on Tuesday that it would sell new shares to raise up to 1.26 billion rand ($98.75 million) through an accelerated book-building.The proceeds will be used to used to pay down part of Harmony Gold's outstanding $150 million bridge loan raised for the acquisition of the Moab Khotsong mine.The size of the new share placement represents...Read More
Mr. Rudi Fronk reportsSEABRIDGE GOLD LAUNCHES PROGRAM AT KSM TO GROW IRON CAP RESOURCETwo drilling rigs have been mobilized to Seabridge Gold Inc.'s KSM project and drilling has commenced. Three additional rigs will be added when snow conditions permit. In total, Seabridge is budgeting $19.7-million for about 28,000 metres of drilling and surface work in the 2018 exploration program. The principal...Read More
OTTAWA, June 4 (Reuters) - Canada's government vowed on Monday to do all it could to protect its steel and aluminum sectors from U.S. tariffs but sidestepped an industry call to strike back quickly, saying it needed time to study the issue.President Donald Trump's administration last week imposed U.S. tariffs of 25 percent on steel and 10 percent on aluminum from Canada - the No. 1 steel exporter...Read More
MEXICO CITY, June 5 (Reuters) - Mexico responded in kind to U.S. President Donald Trump's metals tariffs by imposing its own duties on American steel on Tuesday, while also targeting politically sensitive agricultural products from pork to bourbon.Mexico's peso tumbled to its weakest level since February 2017, leading losses among major currencies due to the rising trade tensions between the two n...Read More
Experts have long warned that bitcoin is not as private as it appears. The very design of bitcoin, as well as some other virtual currencies, can lend a surprisingRead full newsRead More
Mid-tier Canadian miner B2Gold (TSX, NYSE: BTO) has officially open a solar farm at its Otjikoto mine in Namibia, which the country's Ministry of Mines and Energy, Tom Alweendo, said it was a "significant contribution" for the nation's attempts to find sustainable energy solutions.The opening follows the Vancouver-based miner's breaking ground on the construction of the $8.5 million, 7megawatt (...Read More
Experts have long warned that bitcoin is not as private as it appears. The very design of bitcoin, as well as some other virtual currencies, can lend a surprisingRead full newsRead More
Experienced mining reporter joins Mining JournalRead full newsRead More
VANCOUVER, B.C., June 05, 2018 - Golden Predator Mining Corp. (TSX.V:GPY) (OTCQX:NTGSF) (the "Company" or "Golden Predator") and its wholly owned subsidiary, the Yukon Mint?,,? are pleased to announce the First Yukon Mint?,,? .9999 gold coin was unveiled on May 30th, 2018 at a Company event in Toronto, Canada. A community event will follow in Yukon, Canada. Mr. Rob McEwen, Chief Owner and Chair...Read More
Compass Gold Corp announced that an update on the now completed shallow soil geochemical survey program over the Sankarani exploration permit on its Sikasso Property in Southern Mali.Read full newsRead More
A Canadian mining company plans to challenge a court decision that requires the state of Montana to conduct a more extensive review of a proposal to search for gold, copper and other minerals on private land north of Yellowstone National Park.Read full newsRead More
State regulators gave the Canadian company the OK to excavate wetlands and possibly relocate any endangered species at the Upper Peninsula site.Read full newsRead More
Experts have long warned that bitcoin is not as private as it appears. The very design of bitcoin, as well as some other virtual currencies, can lend a surprisingRead full newsRead More