Ratings agency's have got it in for the mining sector where all companies are struggling with low commodity prices and many have to cope with high debt loads.Within the last few weeks Moody's Investor Services cut the ratings of seven large miners. Two majors - Anglo American and Freeport McMoRan - were cut to below investment grade for the first time.Moody's took Freeport McMoRan down a full fo...Read More
When the worst collapse of commodity prices in nearly two decades finally ends, mining companies left standing probably will have more robots on their side.Automated drills and driver-less trucks are among the new technology already employed by some of top mining companies, including BHP Billiton (ASX:BHP) and Rio Tinto (LON:RIO). But a new study by BMI Research says that miners, big and small, ar...Read More
The article in question, about DeMarcus Cousins showing support for embattled head coach George Karl, was published February 13 … Now when you click on the article on Amico Hoops, it immediately redirects you to Sactown Royalty … it’s probably a lesson learned for Amico’s site. Just because you throw a link up at the bottom doesn’t mean you can just take someone else&...Read More
The article in question, about DeMarcus Cousins showing support for embattled head coach George Karl, was published February 13 … Now when you click on the article on Amico Hoops, it immediately redirects you to Sactown Royalty … it’s probably a lesson learned for Amico’s site. Just because you throw a link up at the bottom doesn’t mean you can just take someone else&...Read More
Dramatic daily moves in the U.S. dollar, gold prices and the larger markets are pointing to a global banking collapse that will send resource prices higher in 2016, according to 321gold.com founder Bob Moriarty. In this interview with The Gold Report, he shares his insights on how mining equities will react and five names he is watching.The Gold Report: Last year at this time we talked about the S...Read More
Mining scene newcomer and BHP spin-off South32 (ASX, LON, JSE:S32) may soon make an offer for Anglo American's (LON:AAL) stake in their manganese joint venture, if the price was right.South32 indicated negotiations had already started. "We have a good relationship with our joint venture partner and they've communicated their intentions," the company said in a statement sent to Reuters.Samancor...Read More
Since its peak in 2012, mining capital expenditures has decreased almost 25%. Greenfield and brownfield development has decreased in aggregate by 43%, while sustaining capex has gone down 34%. Intuitively, the decline is more prominent in growth spending, as companies are simply just trying to survive, resulting in major project delays and deferrals across the globe.During the last major bear ma...Read More
Starbucks CEO warns the U.S. presidential elections are turning into a 'circus' … CEO Howard Schultz criticized the presidential candidates for making 'bombastic attacks' without 'respect' for each other. He warned the run-up to the U.S. election had 'turned into something none of us has ever seen before… almost a circus.' – Daily MailThe outspoken...Read More
This is becoming very concerning.The momentum to "ban cash", and in particular high denomination notes like the 500 euro and $100 bills, is seriously picking up steam.On Monday the European Central Bank President emphatically disclosed that he is strongly considering phasing out the 500 euro note.Yesterday, former US Treasury Secretary Larry Summers published an op-ed in the Washington Post about...Read More
Why Buying Gold Won't Save You from the Zombie Apocalypse … Despite any advice you might have heard to the contrary, gold bullion is far from a good investment, even if the world is coming to an end. The idea of having a hedge against the end of the world and the collapse of our financial institutions might be alluring. But actually, buying and storing significant amounts of gold bullion...Read More
February 5, 2016Sovereign Valley Farm, ChileThirteen years ago my life changed forever.Colin Powell, then US Secretary of State and the most credible person in George W. Bush's cabinet, made the case for war in Iraq on February 5, 2003.As a young military intelligence officer at the time, watching from a makeshift Army base in Kuwait not far from the Iraq border.Back then I was a true believer...Read More
Starbucks CEO warns the U.S. presidential elections are turning into a 'circus' … CEO Howard Schultz criticized the presidential candidates for making 'bombastic attacks' without 'respect' for each other. He warned the run-up to the U.S. election had 'turned into something none of us has ever seen before… almost a circus.' – Daily MailThe outspoken...Read More
This is becoming very concerning.The momentum to "ban cash", and in particular high denomination notes like the 500 euro and $100 bills, is seriously picking up steam.On Monday the European Central Bank President emphatically disclosed that he is strongly considering phasing out the 500 euro note.Yesterday, former US Treasury Secretary Larry Summers published an op-ed in the Washington Post about...Read More
Why Buying Gold Won't Save You from the Zombie Apocalypse … Despite any advice you might have heard to the contrary, gold bullion is far from a good investment, even if the world is coming to an end. The idea of having a hedge against the end of the world and the collapse of our financial institutions might be alluring. But actually, buying and storing significant amounts of gold bullion...Read More
February 5, 2016Sovereign Valley Farm, ChileThirteen years ago my life changed forever.Colin Powell, then US Secretary of State and the most credible person in George W. Bush's cabinet, made the case for war in Iraq on February 5, 2003.As a young military intelligence officer at the time, watching from a makeshift Army base in Kuwait not far from the Iraq border.Back then I was a true believer...Read More
If the days of the week were people...BOOK YOUR PLACES FOR MY SHOW HERE ?+' http://tinyurl.com/h7yh4h4 :)My Facebook page ?+' https://www.facebook.com/NormanFaitDe...Read More
Bahasa Melayu Mark agak teruk! Nasib baik I ada buku terjemahan i untuk prank korang! Kelakar gile tau! Korang , mesti tonton sekarang!Instagram/Twitter - @markodea8Snapchat - @markodea8Facebook Page - https://www.facebook.com/markodea8Twitter- https://twitter.com/markodea8Instagram - https://www.instagram.com/markodea8This prank was just for fun and we revealed to all the public after we pranked...Read More
Help me reach 150,000 subscribers! Click here to subscribe! ?-? https://goo.gl/1ldLPxSnapchat- ADayWithKevTwitter- http://www.Twitter.com/KevinEdwardsJrInstagram- http://www.Instagram.com/KevinEdwardsJrFacebook- http://www.Facebook.com/KevinEdwardsJ...Let's keep the comment section fun and amazing for everyone! Be sure to ignore, dislike or flag spam on negative or hateful comments. Lets continue...Read More
On Wednesday another ratings agency downgraded Anglo American's credit to junk status. Fitch Ratings follows Moody's rating and also believe the outlook for the company is negative.Yesterday the London-listed miner said it's exiting the coal sector by selling its remaining operations in Australia, South Africa and Colombia. Anglo also said it would extract itself, over time, from its iron ore busi...Read More
Loy wonders why we acquiesce in the appalling realities of global inequities and sleep so peacefully at night. He finds his answer in Rodney Dobell’s explanation that “lies largely in our embrace of a peculiarly European or Western [but now global] religion, an individualistic religion of economics and markets, which explains all of these outcomes as the inevitable results of an object...Read More