Mining Archives - GroYourWealth.com

Uber Revenue Doubles, Sending Shares Surging

Admin3 August 2022

Uber UBER 18.90% Technologies Inc. doubled quarterly revenue, improved its financial performance and said high inflation was causing more people to drive for the platform to help offset rising household...

Business

Steelmakers Pour On More Investments, Shaking Off Economic Concerns

Admin23 July 2022

Major steel companies this week turned in quarterly results that were mostly better than expected, after steel prices rose sharply in spring because of the war in Ukraine. While prices...

Business

Europe Fears Widespread Economic Fallout if Russian Gas Outage Drags On

Admin18 July 2022

As a deadline approaches for Russia to resume supplying natural gas to Germany this week, European officials and executives are growing concerned about a cascading economic fallout that would spread...

Business

Glencore Made More Money Trading Commodities in Six Months Than It Expected All Year

Admin17 June 2022

LONDON—Commodities giant Glencore GLNCY -1.05% PLC said Friday it made more money trading oil, metals and other commodities in six months than it had expected to make all year, citing...

Business

World’s Biggest Miner Scraps Immediate Thermal-Coal Exit

Admin16 June 2022

ADELAIDE, Australia—The world’s largest mining company abandoned the sale of its last thermal coal mine, and said it would aim to close the Australian pit in 2030. Despite record-high coal...

Business

South Africa’s Gold Fields Buys Canada’s Yamana in $6.7 Billion Deal

Admin31 May 2022

The Granny Smith gold mine in Australia, operated by Gold Fields, which has been working to diversify its operations outside of South Africa. Photo: Carla Gottgens/Bloomberg News JOHANNESBURG—South Africa-based miner...

Business

Glencore Reaches Settlements With U.S., U.K., Brazil on Bribery, Market Manipulation

Admin24 May 2022

Glencore PLC said Tuesday it would pay at least $1.2 billion and that two business units would plead guilty to bribery in the U.K. and conspiracy to violate U.S. anticorruption...

Business

Why It’s So Hard to Keep Russian Diamonds and Gold Out of the U.S. Despite Sanctions

Admin14 May 2022

Russian gold and diamonds could still be sold in the U.S. despite being sanctioned, lawmakers and industry participants say, unless companies and governments tighten their controls.In theory, U.S. and European...

Business

Caterpillar Works to Turn Old Engines Into New Profits

Admin10 May 2022

CORINTH, Miss.—Construction equipment maker Caterpillar Inc. CAT -1.18% wants to sell engines—again and again.Every day, old, beat-up and broken-down engines from mining trucks and compactors return to a factory here...

Business

Rebounding Demand, Rising Prices Boost U.S. Steelmakers’ Profits

Admin23 April 2022

Steelmakers said demand is rebounding after a slump earlier this year, driven by booming construction and heavy equipment industries, and slowly expanding automotive production.Despite higher raw materials costs triggered by...