A central figure in a federal criminal probe into Boeing’s development of the 737 MAX is leaving Southwest Airlines, where he has worked as a pilot since leaving the plane maker more than two years ago.
Many miners, including giants Anglo-American and Glencore, don’t always count transportation deaths in their end-of-year tallies, keeping death tolls lower and sometimes allowing executives to get bigger bonuses for so-called zero-fatality years.
The Canadian mining company’s CEO said shifting to New York from Toronto would be a way to reach more investors, though there are currently no plans to make the move.
The world’s largest miners have published global standards for building and managing mine-waste dams, including guidelines aimed at making the safety auditing of these giant structures more independent.
The mining major increased its midyear dividend as it balanced high iron-ore prices with an uncertain outlook for the global economy.
Turnaround executive Lynn Tilton is suing troubled small businesses she once ran, after stepping away from leading them as the Covid-19 pandemic tore through the economy.
Sculptor Capital Management has agreed to pay $136 million to a group of former investors in a Congolese mine who were found by a court to be victims of a decade-old bribery scheme involving the hedge fund.
As world powers seek dominance in the Arctic Circle, opponents of a Chinese company’s purchase of a Canadian gold mine say blocking the deal is in Canada’s national interest.
Rhino Resource Partners, which got a $10 million loan under the Paycheck Protection Program, has filed for bankruptcy amid declining coal prices and disruption to mining operations caused by the coronavirus pandemic.
Deforestation in Brazil’s Amazon is accelerating, according to satellite data from the country’s space agency, despite military deployments aimed at curbing illegal logging.
Global investors are piling into bullish wagers on copper prices, sparking the quickest rally in the industrial metal in years and signaling that many money managers remain hopeful about the economic outlook despite rising coronavirus cases in much of the U.S.
Silver prices climbed to their highest level in nearly three years, lifted by factory reopenings and soaring investor demand for precious metals.
The latest Market Talks covering Basic Materials
Inside one of the world’s toughest lockdowns, a glittering trade for illicit product is booming. In recent months, record amounts of gold from the conflict zones of Eastern Congo have been smuggled across the border with Uganda before being shipped to international markets.
Private-equity giant KKR agreed to buy the retirement and life insurance company Global Atlantic Financial Group in a deal that will boost the company’s assets under management.
Heavy rains trigger a landslide at a jade mine in northern Myanmar, the deadliest accident that the largely unregulated industry has seen in years.
Credit Suisse funds run with Greensill Capital have financed established companies, but a roster of lesser-known businesses inject risk into the portfolio, including several firms that got more in financing than they generated in revenue.
The Ohio company has filed for bankruptcy as part of a plan to cut more than $1 billion in debt and shed its railcar leases after taking a beating from the disruption sparked by the coronavirus pandemic and lower energy prices.
Glencore PLC on Friday said it was informed by the Office of the Attorney General of Switzerland that a criminal investigation has been opened against the company.
The coronavirus pandemic dealt Farmgirl Flowers one problem after another: A shelter-in-place order in March forced it to shut down its San Francisco distribution center and when customers asked about the delays, only 2 customer service employees were available. So responding often fell to Christina Stembel, the founder and chief executive officer.