Tag: Commodities

Cleveland-Cliffs Inc. Appoints New Chief Financial Officer
March 11, 2019 No Responses

Cleveland-Cliffs Inc. Appoints New Chief Financial Officer

Iron-ore miner Cleveland-Cliffs Inc. has announced a new chief financial officer. The company has landed the finance chief of metals service center Metals USA Holdings Corp., Keith Koci. Koci will be succeeding Timothy Flanagan, who is leaving the mining company...
read more
Alcoa Reports Fourth Quarter and Full Year Financial Results
March 11, 2019 No Responses

Alcoa Reports Fourth Quarter and Full Year Financial Results

The world’s eighth largest producer of aluminum, Alcoa, reported fourth quarter and full year results recently. For the fourth quarter, Alcoa reported net income of $43 million, or $0.23 per share. This is compared to a net loss of $41...
read more
Glencore is Cutting Production at Major Copper Cobalt Mine in the Congo
March 11, 2019 No Responses

Glencore is Cutting Production at Major Copper Cobalt Mine in the Congo

Anglo–Swiss multinational commodity trading and mining company Glencore has announced that it intends to slash around 2,000 employees from the Congolese mine, the world’s most prolific producer of cobalt. According to sources close to the situation who...
read more
ExxonMobil Shares Explode on Strong Earnings Report
March 11, 2019 No Responses

ExxonMobil Shares Explode on Strong Earnings Report

Shares of Exxon Mobil Corp. were skyrocketing over 3% earlier this month ahead of the bell, when the oil giant reported fourth quarter financial results. For the quarter, Exxon Mobil reported a profit that came ahead of expectations, but revenue...
read more
Occidental Petroleum Corp. To Spend $4.5 Billion This Year
March 8, 2019 No Responses

Occidental Petroleum Corp. To Spend $4.5 Billion This Year

Houston-based Occidental Petroleum Corp. is planning to cut back $500 million on its spending this year. The company said it plans to spend $4.5 billion in 2019. “By maximizing efficiencies, we are reducing spending to adjust to a lower oil...
read more
Bitcoin Exchange Coinbase Acquires Blockchain Intelligence Startup Neutrino
March 8, 2019 No Responses

Bitcoin Exchange Coinbase Acquires Blockchain Intelligence Startup Neutrino

U.S.-based digital asset platform Coinbase has acquired Neutrino, a blockchain intelligence startup that is a rival to Chainalysis. There were no details about the cost of the acquisition, but the move was in Coinbase’s effort to enhance its compliance e...
read more
AngloGold Ashanti Reports Explosive Full Year Earnings
March 8, 2019 No Responses

AngloGold Ashanti Reports Explosive Full Year Earnings

South Africa’s AngloGold Ashanti Ltd. reported its full year profit recently and revealed that it had jumped over sevenfold compared to 2017 after excluding some one-time items. The higher earnings were boosted by lower amortisation after the closure and...
read more
1 2 3