Peabody Energy files for bankruptcy-because coal is a zombie industry
We’re witnessing something that we rarely see in America: the sudden and sharp collapse of a functioning industry.
Latest Stories
Deutsche Bank silver settlement: GATA vindicated
At 7:09 last evening, it was reported that "Deutsche Bank to settle U.S. silver price fixing litigation," which is a staggering admission of that very criminality of which I have been ranting, writing and opining for years now.
Slow growth, production cuts, divestment expected for Europe mining sector
Analysts outline five key themes resources companies in Europe will have to deal with in the next few months.
Adani $12 billion Carmichael coal project faces fresh legal challenge
Australia’s indigenous people Wangan and Jagalingou, traditional owners of the land proposed to host the project are challenging it in court.
Europe’s last coal mines struggle for lifelines
Europe’s last remaining coal producers, in the Czech Republic, Romania and Poland, are grasping for government support to keep from going under and taking thousands of jobs with them.
Apple got $40 million in gold from recycled iPhones last year
Thanks to its innovative program that uses robots to recover the valuable parts from the millions of Apple devices discarded every year.
Afghan mineral wealth being looted by strongmen, experts say
Afghanistan has reserves of coal, copper, iron ore, zinc, mercury, rare earths, gems such as rubies and emeralds, gold and silver worth about $3 trillion.
US says China to scrap some export subsidies
China has agreed to scrap some export subsidies on a range of products from metals to agriculture and textiles, the United States said on Thursday, in a step by Beijing to reduce trade frictions with Washington.
Gold price hammered after jobless claims fall to 43-year low
Down nearly 2% as rate hikes are put back on the table.