Australian ferronickel miner South32 has agreed to a four-year contract with two unions at its Cerro Matoso mine in Colombia, avoiding a strike over pay and other benefits, the company said on Thursday.Cerro Matoso produced 43,000 tons of ferronickel in the last fiscal year.Without a deal, the Sintramineros and Sintracerromatoso unions would have called their members to vote on whether to strike o...Read More
The brokerage bunch is already bullish on the stockAzurRx BioPharma Inc (NASDAQ:AZRX) is a development stage biopharmaceutical firm whose two pipeline products are being developed to treat exocrine pancreatic insufficiency and c. difficile infections. Optimism around the former drug sparked this morning's bull note from Maxim, with the analyst in coverage initiating coverage on AZRX stock with a "...Read More
At least 23 illegal miners are trapped and feared dead in Zimbabwe after shafts and underground tunnels they were working in were flooded by water from a burst dam, a state-owned daily newspaper reported on Thursday. Small-scale gold producers, including illegal miners, accounted for nearly 60 percent of the record 33 tonnes of gold produced in Zimbabwe last yearThe southern African nation has bee...Read More
At least 23 illegal miners are trapped and feared dead in Zimbabwe after shafts and underground tunnels they were working in were flooded by water from a burst dam, a state-owned daily newspaper reported on Thursday. Small-scale gold producers, including illegal miners, accounted for nearly 60 percent of the record 33 tonnes of gold produced in Zimbabwe last yearThe southern African nation has bee...Read More
The automaker is considering the purchase of GM's Oshawa plant Electra Meccanica Vehicles Corp (NASDAQ:SOLO) is among the top performers on the Nasdaq again today. The stock shot up 220.7% yesterday -- its biggest one-day rally ever -- after CEO Jerry Kroll said it's considering taking over a shuttered General Motors (GM) plant in Oshawa, Ontario. Further, the firm's electric one-seater vehicle --...Read More
However, the FAANG rivals have both been affected by an EU rulingShares of Alphabet Inc (NASDAQ:GOOGL) are down 0.7% at $1,120.52, at last check, moving lower after European regulators decided on a platform-to-business law designed to prevent unfair practices within app stores and search engines. On the flipside, GOOGL is seeing positive attention from the likes of Citigroup, which named Alphabet...Read More
* Mine owned by Petra Diamonds may take 5-10 years to clear debt* Diamond miners face price pressure, synthetic competitionThe owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand.Petra Diamonds bought Cullinan in 2008, aiming t...Read More
* Mine owned by Petra Diamonds may take 5-10 years to clear debt* Diamond miners face price pressure, synthetic competitionThe owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand.Petra Diamonds bought Cullinan in 2008, aiming t...Read More
* Sibanye in talks to cut almost 6,000 jobs* Plans to restructure struggling gold operations* Shares up, outpacing mining index (Adds mines minister, analyst comment, shares, background)Sibanye-Stillwater could cut nearly 6,000 jobs in a potential restructuring of the company's gold mining operations following losses at some of its mines last year.The precious metal miner said it had entered into...Read More
* Sibanye in talks to cut almost 6,000 jobs* Plans to restructure struggling gold operations* Shares up, outpacing mining index (Adds mines minister, analyst comment, shares, background)Sibanye-Stillwater could cut nearly 6,000 jobs in a potential restructuring of the company's gold mining operations following losses at some of its mines last year.The precious metal miner said it had entered into...Read More
K+S Potash Canada has again been named one of the provinces top employees. This is the sixth time and the second year in a row.President and general manager, operations Sam Farris said, "We've experienced a lot of changes moving from a project into operations, but the one constant has been our strong team. We've learned a lot together."The Bethune potash mine owned by K+S has been operating sin...Read More
The collapse of Vale's Brumadinho iron ore tailings dam in Brazil was both shocking and devastating in its impact. But it was not a one-off event.It was the 11th serious tailings dam failure in the last decade and such catastrophic events are becoming more frequent, according to researchers at World Mine Tailings Failures (WMTF).Indeed, the number of incidents is going to rise further, according t...Read More
Both stocks are pacing for sharp losses todayWall Street is punishing shares of Sierra Wireless, Inc. (NASDAQ:SWIR) and NetApp Inc. (NASDAQ:NTAP) before the open, with the stocks set to open down 22% and 8.4%, respectively. Let's dig into the earnings results and sentiment data on SWIR and NTAP below. Sierra Wireless missed on both earnings per share and revenue for the fourth quarter, and also de...Read More
XOM has room for more bullish analyst attentionThe shares of Exxon Mobil Corporation (NYSE:XOM) are up 0.3% in electronic trading, after Macquarie raised its outlook on the energy name by two levels to "outperform" from "underperform," while setting a price target of $83. The analyst in coverage likes the company's multiple liquefied natural gas (LNG) projects and strong balance sheet, and notes X...Read More
"Rats, Public Defecation, & Open Drug Use: Our Major Western #Cities Are Becoming Uninhabitable Hellholes | Zero Hedge https://t.co/YF3cChVaDw"Read full newsRead More
The big bank has created a digital token called the "JPM Coin"Despite CEO Jamie Dimon being a vocal critic of bitcoin, JPMorgan Chase & Co. (NYSE:JPM) said it's created a digital token, the JPM Coin -- the first among big banks. According to CNBC, early trials for the cryptocurrency are set to begin later this year, and will be used in lieu of international payments to large corporate clients, whi...Read More
OSLO, Feb 14 (Reuters) - Norway's government approved on Thursday the building of a copper mine near Europe's northernmost point despite years of opposition from indigenous Sami herders and fishermen.Norway's decision on the copper mine has been viewed as a litmus test for the Arctic, where climate change and technology are enabling mineral and energy extraction, shipping and tourism, but threaten...Read More
OSLO, Feb 14 (Reuters) - Norway's government approved on Thursday the building of a copper mine near Europe's northernmost point despite years of opposition from indigenous Sami herders and fishermen.Norway's decision on the copper mine has been viewed as a litmus test for the Arctic, where climate change and technology are enabling mineral and energy extraction, shipping and tourism, but threaten...Read More
Coca-Cola and Cisco Systems reported earnings todayDow Jones Industrial Average (DJI) futures were initially higher this morning, amid continuing optimism over a U.S.-China trade deal. President Donald Trump yesterday said talks were "going along very well." However, a lackluster report on December retail sales -- which suffered their worstdrop since 2009 -- has takenthe wind out of the bulls' sai...Read More
Nemaska reveals C$40M Whabouchi funding shortfall at C$1.1 billion project.Read full newsRead More