Dow and S&P 500 down, Oct. 1-5
The Dow Jones Industrial Average slipped 0.4% to 26,447.05 and the S&P 500 Index fell 0.98% to 2,885.57. Spot gold closed US$10.50 per oz. higher at US$1,202.70 per oz. gold….
Rio Tinto
Glencore expands and extends share buy-back program
Glencore (LON: GLEN) is increasing its share buy-back program by up to an additional US$1 billion. The commodities giant has already purchased 230.2 million of its own shares valued at…
US markets up, Sept. 17-21
The Dow Jones Industrial Average jumped 2.25% to 26,743.50 and the S&P 500 Index rose 0.85% to 2,929.67. New York spot gold increased 0.47% to US$1,198.70 per oz. gold. Rio…
Rio Tinto announces share buy-back program
Rio Tinto (LON: RIO) says it plans to buy back shares worth about US$3.2 billion. The funds were generated from the sale of coal assets and a smelter. Rio has…
Anglo Pacific Group records positive first half
Anglo Pacific Group (TSX: APY; LON: APF) has doubled its income over the last three years, and 2018 is shaping up to be yet another good year for the natural…
Diamonds an enduring passion for Gren Thomas
Even though prospecting for diamonds in Canada no longer elicits the electrifying buzz of the 1990s when juniors were uncovering the country’s first diamond mines, the rationale for exploration is…
US markets end lower, April 2-6
Concerns over a U.S.-China trade war mounted after U.S. President Donald Trump suggested imposing another $100 billion in tariffs on Chinese imports. The Dow Jones Industrial Average fell 0.71% to…
Rio Tinto deepens presence in Mongolia
A week after the Mongolian government hit Turquoise Hill Resources (NYSE: TRO) with a US$155-million tax bill associated with the Oyu Tolgoi copper-gold mine, Rio Tinto (NYSE: RIO; LON: RIO),…
US markets slip between Christmas and New Year’s
The Dow Jones Industrial Average gained 25% and the S&P 500 nearly 20% in 2017. But the shortened trading week between Christmas and New Year’s saw both moving in the…
Shore finds potential partner in Rio Tinto
As recently as 2012, mining giant Rio Tinto (NYSE: RIO; LSE: RIO) had been publicly considering exiting the diamond space. But the company, which operates and owns 60% of the…
SEC charges Rio Tinto with fraud
The U.S. Securities and Exchange Commission (SEC) has charged Rio Tinto (NYSE: RIO; LON: RIO) and two of its former executives with fraud for inflating the value of coal assets…
US markets finish higher, Oct. 2-6
The U.S. Bureau of Labor Statistics reported that in the last 12 months, average hourly earnings increased by 74¢ or 2.9%. The jobs data raised expectations of a rate hike…