With sales and operations at the ends of the earth, few companies are in a better position to take the pulse of the global economy and the resource sector in particular than Caterpillar.The world's number one heavy equipment manufacturer has been hit hard by the decline in mining and construction - sales are down more than $20 billion from its 2012 peak.On Friday the Peoria, Illinois-based giant h...Read More
NEW REPORT SHOWS THAT OVER HALF (52%) OF ALL CANADIAN-LISTED MINING COMPANIES ARE ZOMBIESThe Chart of the Week is a weekly Visual Capitalist feature on Fridays.Canada has a reputation worldwide as the epicenter for mining exploration, and over the years the country's junior-listed companies have created billions of dollars in wealth through new mineral discoveries.However, these days, Canada is ho...Read More
US-based Mosaic Co, the world's top producer of phosphate fertilizer, Switzerland's Eurochem and iron ore and nickel giant Vale SA together with private equity firm Apollo Global have been picked to make final bids for Anglo American's niobium and phosphate business in Brazil reports Bloomberg.The Brazilian operations could fetch as much as $1.5 billion according to the report. BHP Billiton spin...Read More
The Panama Papers are going to be made into a movie as Western anti-privacy propaganda grinds on.The Panama Papers comprise 11.5 million emails hacked from the computers of Mossack Fonseca, a provider of corporations, trusts, shell companies and other legal structures that enhance privacy and anonymity.While those whose names appear in the 11.5 million emails have come under suspicion of criminal...Read More
The Panama Papers are going to be made into a movie as Western anti-privacy propaganda grinds on.The Panama Papers comprise 11.5 million emails hacked from the computers of Mossack Fonseca, a provider of corporations, trusts, shell companies and other legal structures that enhance privacy and anonymity.While those whose names appear in the 11.5 million emails have come under suspicion of criminal...Read More
You don't need me to tell you silver hit a high of $17.79 on April 21st yesterday.I have been looking for signs that we definitely hit the bottom.I think I found it.One of the best silver stocks in the sector is now up over 200% since January.When I saw that, I thought it might even be too late to buy in.But this stock is still 85% below its former high in April, 2011.Many of the old timers were t...Read More
James W. Fraser (Professor of History and Education at NYU-http://steinhardt.nyu.edu/faculty/Jam...) interview by Neus Lorenzo (European expert on educational innovation and teacher training) in the framework of the project "Innovative pedagogies for powerful learning" http://www.fbofill.cat/innovative-tea... -What do you think we have in common, here in Europe and in the United States, related to...Read More
SNL Metals & Mining tallied the value of planned capital spending announced by mining companies in November.The industry research firm based in Charlottesville, Virginia did the same thing again April 7.Outlays on new mines, sustaining capital, expansions and projects like mine life extensions had surged by nearly $50 billion to $108 billion over the duration of just five months.Of course, some...Read More
Anglo American (LON:AAL) shareholders have rejected the miner's pay policies in the last of several objections to hefty rewards for UK executives.A trio of investor advisory groups had urged Anglo's investors to reject chief executive Mark Cutifani's pay at the annual meeting Thursday. Anglo's boss was awarded a $4.9 million ( ?3.4m) pay package last year, when the firm was among UK's worst-perfor...Read More
Newmont Mining Corp's (NYSE:NEM), the world's 2nd largest gold miner, is reviewing its compliance with US foreign bribery law.Reporting its first-quarter earnings, the Colorado-based company said it had engaged outside counsel as part of a review of its compliance with the Foreign Corrupt Practices Act, which bars the use of bribes to foreign officials.The gold and copper miner didn't specified w...Read More
China’s Economic Recovery Masking Financial Risks, Fitch Says ... Are We Heading Back Into China Markets Turmoil? ... -BloombergChina is run by a communist party but its policies are increasingly mercantilist and reminiscent of European and US strategies.Whether the world is run out of Washington or Beijing, the economic, political and military approach is increasingly similar.China is i...Read More
China’s Economic Recovery Masking Financial Risks, Fitch Says ... Are We Heading Back Into China Markets Turmoil? ... -BloombergChina is run by a communist party but its policies are increasingly mercantilist and reminiscent of European and US strategies.Whether the world is run out of Washington or Beijing, the economic, political and military approach is increasingly similar.China is i...Read More
from "Halfway to a Threeway" (1999).Read More
Sibanye Gold (JSE:SGL) (NYSE:SBGL), the biggest producer of the precious metal in South Africa, said Wednesday it plans to spend $250 million (R3.9 billion) this year boosting infrastructure at most of its assets.Speaking at the European Gold Forum in Zurich, CEO Neal Froneman said the firm will allocate $115 million (R1.6 billion) underground projects at the Kloof and Driefontein gold mines on th...Read More
As Myanmar makes history by electing its first civilian president Htin Kyaw, after 50 years of military rule, we examine a story that helped shape Myanmar's relationship with its neighbours and the world. "A New Dawn" is an unprecedented film that comes at a historic time in Myanmar's history.Myanmar Wanbao was forced to stop construction in 2012 due to local opposition to the copper project...Read More
EU Has Meddled Too Much, Admits Boss Juncker ... More The European Union meddles too much in people’s lives, according to its most senior official. In a significant admission, Jean-Claude Juncker said a lot of the laws made in Brussels should have been left to national governments. As a result the EU has lost popularity with ordinary people because they feel it over-regulates, the Euro...Read More
Proposed world children’s court would punish abuses, slavery ... An international court should be set up to punish those responsible for child labor and other forms of abuse against children, former British Prime Minister Gordon Brown told the United Nations on Monday. - Thomson Reuters FoundationGlobalism proceeds apace. Last week Western leaders took aim at financial privacy and suggested...Read More
EU Has Meddled Too Much, Admits Boss Juncker ... More The European Union meddles too much in people’s lives, according to its most senior official. In a significant admission, Jean-Claude Juncker said a lot of the laws made in Brussels should have been left to national governments. As a result the EU has lost popularity with ordinary people because they feel it over-regulates, the Euro...Read More
Proposed world children’s court would punish abuses, slavery ... An international court should be set up to punish those responsible for child labor and other forms of abuse against children, former British Prime Minister Gordon Brown told the United Nations on Monday. - Thomson Reuters FoundationGlobalism proceeds apace. Last week Western leaders took aim at financial privacy and suggested...Read More