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 million, or $0.22 per share,
in...
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 spoke to the Wall Street Journal, the company said
it...
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 however was a miss.
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 price environment,” stated Oxy CEO Vicki Hollub...
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 efforts and regulatory relationships.
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 sale of some of its assets as well...
