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...
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...
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
after two years of...
Chemical maker FMC Corporation reported fourth quarter financial results as
well as full year financial results recently.
The company said it saw profits hit $32.4 million or 24 cents per share in
fourth-quarter 2018. This is compared to $530.1 million or $3.94 per share
earned a year...
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.
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...
