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
* 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
Anglo American Minas Rio mine ore loading at dedicated export terminal port of A??u in Rio de Janeiro state, Brazil. October 2014.A surge in iron ore prices is fueling hopes for bigger returns and a share-buyback spree as the world's top miners prepare to report results.BHP Group, Rio Tinto Group, Glencore Plc and Anglo American Plc are expected to announce bumper profits over the next two weeks....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
JAKARTA, Feb 18 (Reuters) -* PT Freeport Indonesia's copper concentrate export permit expired on Feb. 15, and the company has not received export recommendations from the mining ministry that will help it to obtain a new permit, company spokesman Riza Pratama said on Monday in a text message.* The unit of Freeport McMoRan for the time being is shipping part of its production to its smelter in East...Read More
JAKARTA, Feb 18 (Reuters) -* PT Freeport Indonesia's copper concentrate export permit expired on Feb. 15, and the company has not received export recommendations from the mining ministry that will help it to obtain a new permit, company spokesman Riza Pratama said on Monday in a text message.* The unit of Freeport McMoRan for the time being is shipping part of its production to its smelter in East...Read More
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* Investors bet on progress at Sino-U.S. trade talks * Nikkei rises to 2019 high, China blue chips bounce * European car stocks fall 0.4 percent on U.S. fears * Oil prices hits highest for year as supply tightens (Updates prices throughout)By Karin StroheckerLondon, Feb 18 (Reuters) - Hopes for progress in Sino-U.S.trade talks and expectations of policy stimulus from centralbanks lifted world stoc...Read More
The Nasdaq clawed its way out of bear market territory on FridayThe dominant stock market headlines late last week generally seemed to fall under the category of "more of the same" -- speculation over U.S.-China trade negotiations; fresh developments on the politically divisive border wall; shifting Fed policy expectations; hot-and-cold corporate earnings; more Brexit fumblings out of the U.K.; an...Read More
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How you can transform lagging indicators into leading indicators.Despite the strong January kick-start to 2019, many investors are still apprehensive of what's to come, especially considering some of the latest market-moving events -- think Fed policy announcements, U.S.-China trade negotiations, and earnings season, to start.While it's certainly no crystal ball, becoming familiar with the various...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More
(Updates with closing prices, Malaysia bauxite) By Peter Hobson LONDON, Feb 18 (Reuters) - Copper prices rose on Monday onconcerns that supply will tighten after a court ruling castdoubt on the future of a smelter in India and a large mine inIndonesia said its export permit had expired.Better-than-expected Chinese lending data on Fridaymeanwhile suggested that demand from the world's biggestconsum...Read More
The time to invest is now, according to one economist.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and oil's shocking fall in 2016 - years before they happened - has issued a new earth-shattering statement:"Right now, the markets are giving investors a critical window to rapidly boost their retirement savings before the greatest stock market crash in American his...Read 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
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