E-waste, which comprises precious metals like gold and silver, can produce more gold than what is obtained through mining, a senior academician said today.Fifty pounds of gold and 20,000 pounds of copper could be extracted from one million discarded cell phones, if processed properly, Pranabesh Ray, Dean (Academics), XLRI - Xavier School of Management told a two-day national conference on e-waste...Read More
Senate rejects Rand Paul's 'Audit the Fed' legislation … The Senate on Tuesday blocked legislation calling for tougher audits of the Federal Reserve, rebuffing an attempt by Republican presidential candidate Rand Paul to give lawmakers greater oversight of the central bank's moves on interest rates. The 53-44 vote fell short of the threshold to overcome a Democratic filibuste...Read More
The United States have managed to solve the question of the succession of King Abdallah, but today, they are attempting to lead Saudi Arabia into error. Their objective is now to divide the country into five states. Wahhabism is the state religion, but the power of the Saud family, both interior and exterior, depends exclusively on Sunni tribes, while it subjects all other populations to apartheid...Read More
Senate rejects Rand Paul's 'Audit the Fed' legislation … The Senate on Tuesday blocked legislation calling for tougher audits of the Federal Reserve, rebuffing an attempt by Republican presidential candidate Rand Paul to give lawmakers greater oversight of the central bank's moves on interest rates. The 53-44 vote fell short of the threshold to overcome a Democratic filibuste...Read More
The United States have managed to solve the question of the succession of King Abdallah, but today, they are attempting to lead Saudi Arabia into error. Their objective is now to divide the country into five states. Wahhabism is the state religion, but the power of the Saud family, both interior and exterior, depends exclusively on Sunni tribes, while it subjects all other populations to apartheid...Read More
A meagre 0.6% of private capital raised in 2015 for natural resource investment is destined for mining projects. Just two funds closed on $400 million in private investments for metals and mining last year according to data by industry tracker Preqin.Investors aren't necessarily staying away from mining assets because of a weak outlook. Of the $63 billion raised for natural resources more than 90...Read More
It's only 12 January and the copper price is down 8% year to date.March futures in New York dropped to $1.9525 a pound (just over $4,300 a tonne) early on Tuesday and by the close on the Comex continued to languish at levels last seen March 2009.For a sustained period below $2 you have to go back a decade at the early days of the China-induced supercycle.China is responsible for nearly half of glo...Read More
Codelco chairman, chairman Oscar Landerretche. (Image courtesy of University of Chile)Codelco, Chile's state-owned copper miner and the world's largest producer of the metal, should soon review its investment plans in light of historic low prices, chairman Oscar Landerretche has said.In an interview with local news site El D?-namo (in Spanish) last week, the economist said the first step should b...Read More
Image by docstockmedia | Shutterstock.com.New climate change regulations, fraud in e-payment systems, "poison pills", privacy class actions and cybersex in the workplace are among the top 10 legal risks companies operating in Canada will face this year, according to Canadian law firm Borden Ladner Gervais LLP (BLG).In its annual report on the issue, the group outlines those and other key trends, a...Read More
Anglo American's overhaul reflects the dire straits the global mining industry is in these days. (Image: Screenshot from Anglo American video via YouTube)Anglo American (LON:AAL) announced Tuesday it has finally completed its exit from the Middle East by selling its Tarmac business to Colas Moyen Orient, a subsidiary of French engineering and construction company Bouygues Group.The full sale follo...Read More
Greece has delayed construction at Eldorado's Skouries mine and processing plant for over three years. The company is halting most work at the project in response.Canadian miner Eldorado Gold (TSX:ELD) (NYSE:EGO) is suspending work at its mine in northern Greece and laying off 600 workers following protests by local residents and a fresh spat with the country's left-wing government.The Vancouver-b...Read More
State child welfare system failing to protect youth … Until I had to deal with the Florida Department of Children and Families, I thought some of the criticism of it was unwarranted. Now I remember someone said, "It takes a village to bring up a child." I say that because when I called I was told three times only the person receiving funds from the agency could make a complaint. Do...Read More
FBI Has Enough Evidence to Prosecute Hillary Clinton for Public Corruption … An investigation into possible mishandling of classified information on Hillary Clinton's private email server has expanded to consider whether Clinton's work as Secretary overlapped with her work for the Clinton Foundation run by her family. Fox News' Catherine Herridge published the report, citing unna...Read More
State child welfare system failing to protect youth … Until I had to deal with the Florida Department of Children and Families, I thought some of the criticism of it was unwarranted. Now I remember someone said, "It takes a village to bring up a child." I say that because when I called I was told three times only the person receiving funds from the agency could make a complaint. Do...Read More
FBI Has Enough Evidence to Prosecute Hillary Clinton for Public Corruption … An investigation into possible mishandling of classified information on Hillary Clinton's private email server has expanded to consider whether Clinton's work as Secretary overlapped with her work for the Clinton Foundation run by her family. Fox News' Catherine Herridge published the report, citing unna...Read More
Video oficial de Telemundo Suelta La Sopa. El compositor habla de la experiencia de trabajar en el proyecto musical que uni?? a Kate y a Lupillo.SUBSCRIBETE: http://bit.ly/13rXHuXSuelta La Sopa:Es un programa de entretenimiento que ofrece las ??ltimas noticias y titulares de la far??ndula, lo que est?? pasando en la vida de los famosos dentro y fuera de la pantalla. Adem??s de los secretos m??s ?-...Read More
Gold is the big exception with managed money futures investors slashing bearish bets on the gold price by 44%After a nice run at the beginning of the new trading year, on Monday on the Comex market in New York, gold futures with February delivery retreated as worries about the global economy and geopolitics overwhelmed financial and commodity markets.In afternoon trade gold was exchanging hands fo...Read More
The world's northernmost mines are all located in just three countries; on Norway's Svalbard archipelago in the Arctic Ocean you'll find four of them. All are underground coal mines, operating in the rugged, frigid terrain between continental Norway and the North Pole.Further south, in Russia, you'll find Alrosa's diamond mines. Nizhne-Lenskoye, in the Sakha Republic, is the fifth northernmost min...Read More
Image courtesy of Codelco.Copper prices hit Monday a six-year low after more equity losses in Shanghai increased concerns over the Chinese economy, the world's largest consumer of the red metal.The effects on most miners were as dramatic as quick. Diversified miner BHP Billiton (ASX:BHP), the world's largest mining company, reached the lowest in a decade, closing almost 5% down in Sydney to $15.55...Read More
Sometimes a market in turmoil offers opportunity. Independent investment adviser Jayant Bhandari regularly sifts through bourses to find opportunities that maximize his reward for the least amount of risk. Bhandari currently sees two paths to value: companies that were either oversold in heavy tax-loss selling late in 2015 or in the "free upside" offered in arbitrage situations. In this interview...Read More