Freeport McMoRan (NYSE:FCX), the No. 1 listed copper miner, is cutting its oil and gas workforce by 25% as it struggles to reduce its over $20 billion debt.The US miner loss in the first three months of the year - Freeport's sixth straight quarterly loss - nearly doubled due to limited demand for some of its main commodities, including copper.Freeport expects to post a charge of about $40 million...Read More
Teck Resources (TSX:TCK.B)(NYSE:TCK) reported Tuesday better-than- expected first quarter results, as Canada's largest diversified miner cut costs to offset the impact of weak steelmaking coal, copper and zinc prices.The Vancouver-based company, the No.1 producer of steel-making coal in North America, said overall profit increased 38% to Cdn$94 million (about $74 million), or 16 cents a share, in...Read More
* Copper loses more ground on China worries, market cautious* Rising inventories in Asia pressure copper prices (Adds comment, detail)By Naveen ThukralSINGAPORE, April 26 London copper slid for asecond session on Tuesday, easing further from last week'sfive-week peak amid doubts about demand in top user China andconcerns over rising Asian inventories.Three-month copper on the London Metal Exchange...Read More
Canada's Barrick Gold (TSX, NYSE:ABX), the world's largest producer of the precious metal by output, swung to a loss in the first three months of the year, as asset sales impacted production and realized gold prices fell.The Toronto-based miner, however, reported quite a progress in terms of cutting its debt and reducing costs, trimmed debt by US$842 million since January. The figure puts Barrick...Read More
Canada's Eldorado Gold (TSX:ELD) (NYSE:EGO) has signed an agreement to sell its 82% stake in the Jinfeng mine in China to a wholly-owned subsidiary of China National Gold Group for US$300 million in cash.The Jinfeng mine is expected to generate 95,000-105,000 ounces of gold this year, as the operation transitions fully into the underground.The company's president and CEO Paul Wright said China N...Read More
Here are 10 surprisingly useful (and sometimes unconventional) cooking tips to make life easier for you in the kitchen. Learn useful skills such as how to ripen fruit quickly, cut herbs perfectly or get rid of chilli from your finger, plus many more!Gordon Ramsay Ultimate Fit Food: http://amzn.to/2FznHtkSubscribe for weekly cooking videos. If you liked this clip check out the rest of Gordon's chan...Read More
Meriden City Councilor and Hunter's Ambulance Chief Operating Officer David Lowell discusses facts related to Naloxone and drug overdoses.By: myrecordjournalPublished on: April 27, 2016Source: http://www.tout.com/m/nelf2rRead More
Barack Obama and the end of the Anglosphere ... When supporters of the Vote Leave campaign sketch out a future for Britain outside the EU, they often point to the Anglosphere of English-speaking nations - bequeathed by Britain's imperial past. So Barack Obama's intervention in Britain's EU referendum last week was a potentially devastating moment for the Brexit campaign. - Financial TimesThis fasc...Read More
White House poised to release secret pages from 9/11 inquiry ... The Obama administration will likely soon release at least part of a 28-page secret chapter from a congressional inquiry into 9/11 that may shed light on possible Saudi connections to the attackers. -APWe've run a number of stories on the disintegration of Saudi Arabia but Western attacks against the House of Saud keep on coming.In...Read More
For the next two days, the Committee that controls the world will be huddled in the ivory tower known as the Eccles Building in D.C. There, ten people will tediously examine the data, look at the forecasts, and weigh options for an economy with a GDP of $17 trillion, a population approaching 320 million, and an official national debt of over $19 trillion.This committee with unlimited, unquestioned...Read More
Barack Obama and the end of the Anglosphere ... When supporters of the Vote Leave campaign sketch out a future for Britain outside the EU, they often point to the Anglosphere of English-speaking nations - bequeathed by Britain's imperial past. So Barack Obama's intervention in Britain's EU referendum last week was a potentially devastating moment for the Brexit campaign. - Financial TimesThis fasc...Read More
White House poised to release secret pages from 9/11 inquiry ... The Obama administration will likely soon release at least part of a 28-page secret chapter from a congressional inquiry into 9/11 that may shed light on possible Saudi connections to the attackers. -APWe've run a number of stories on the disintegration of Saudi Arabia but Western attacks against the House of Saud keep on coming.In...Read More
For the next two days, the Committee that controls the world will be huddled in the ivory tower known as the Eccles Building in D.C. There, ten people will tediously examine the data, look at the forecasts, and weigh options for an economy with a GDP of $17 trillion, a population approaching 320 million, and an official national debt of over $19 trillion.This committee with unlimited, unquestioned...Read More
Robert Dickinson is a member of Battle Creek Central's Acapella Choir, which will perform at the 2016 Community Prayer Breakfast on May 10 at Kellogg Arena. @johngrapRead More
Nevsun Resources Ltd. (TSX:NSU) has acquired Reservoir Minerals Inc. in a deal worth US$365 million, the companies announced April 24.The consolidation of the two Vancouver-based companies has created a 100% ownership in the upper zone of the Timok Copper Project in Serbia, which had previously been owned by Reservoir and Freeport McMoRan Inc. As well, the combined company will fully own the cash-...Read More
European stocks ended trade in the red on Monday, amid weak sentiment across the globe, as a sharp decline in mining stocks weighed on the wider benchmarks.Miners slumpSymbolNamePrice Change%ChangeVolumeFTSE---DAX---CAC---IBEX 35--- The pan-European STOXX 600 closed some 0.5 percent down provisionally, with most sectors closing in negative territory. London's FTSE 100 slipped some 0.8 percent, w...Read More
World-class insights firm, Deloitte, recently released a report on the mining industry trends of 2016. In addition to highlighting the emerging trends, this report and other reports from leading organizations within the industry - such as the International Council on Mining & Metals (ICMM) - note some significant issues mining companies are facing. Leading issues include the volatility of the comm...Read More
Base metals were in negative territory on Monday morning on the LME, mostly consolidating after last week's rally. Investors were in a cautious mood ahead of key data releases and central bank meetings this week, traders said.Base metals surged to multi-week and multi-month highs last week but the rallies reflected interest from funds and CTAs and not a fundamental shift in markets, they added."Th...Read More
Canada's Barrick Gold (NYSE, TSX:ABX), the world's largest producer of the precious metal by output, may be announcing Tuesday a significant shift of business focus towards shareholder returns, as former fund manager and current business performance chief, Catherine Raw, assumes as the firm's new chief financial officer.Most shareholders hope that Catherine Raw persuades management to stop prizing...Read More