News

Mandalay Resources mothballs Cerro Bayo mine in Chile

By analyst By Cecilia Jamasmie Canada’s Mandalay Resources (TSX:MND) has put its Cerro Bayo underground silver-gold complex in Chile on care and maintenance as a result of a June incident that caused one of the three mines to flood, killing two workers. Together with mothballing the mine, the Toronto-based company has “substantially” reduced its workforce […]

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Rio Tinto back on track to haul iron ore in driverless trains in 2018

By analyst By Cecilia Jamasmie Rio Tinto (ASX, LON:RIO), the world No.2 iron ore miner, is closer than ever to having a network of driverless trains in Western Australia as it has completed its first long-haul journey with a completely autonomous locomotive. The milestone trip, spanning nearly 100 km (60 miles) with trains operated by

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400 workers laid off as Bokoni prepares for closure

By analyst By Andrew Topf Toronto-based Atlatsa Resources (TSXV:ATL) has made good on its stated intention to shut its Bokoni platinum mine in Limpopo province, South Africa. The closure is part of a debt-cancellation and restructuring deal with joint venture partner Anglo American Platinum (Amplats), the world’s number one platinum group metals miner. SABC News

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The Morgan Report’s Weekly Perspective with David Morgan

By David Morgan The Morgan Report’s Weekly Perspective | http://www.themorganreport.com The Morgan Report’s Weekly Perspective is our free e-newsletter. Our free e-newsletter will keep YOU in the top 3% of the Informed, the Awake, and the Aware. Join our Free weekly e-letter…http://www.themorganreport.com/joinfreelist I’ve Been Helping My Subscribers Weather the Current Economic Mess. Now I Invite

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The Financialization of America… and Its Discontents

By Charles Hugh Smith This post The Financialization of America… and Its Discontents appeared first on Daily Reckoning. Labor’s share of the national income is in freefall as a direct result of the optimization of financialization. The Achilles Heel of our socio-economic system is the secular stagnation of earned income, i.e. wages and salaries. Stagnating

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