Mining companies are enthusiastic about President Trump’s proposed $1 trillion infrastructure program, which some believe could boost commodity prices.
Rio Tinto, the world’s No. 2 mining company, and its rivals, are enjoying an unexpected recovery, and analysts say these companies could take advantage of the market rebound to reward investors.
At least a half dozen U.S. coal firms are preparing or exploring public offerings, in what could be the biggest wave of coal IPOs in at least two decades.
Legislation to eliminate two energy-related regulations is headed to President Donald Trump’s desk, including one requiring U.S. energy companies to report payments to foreign governments for development rights.
Caterpillar trimmed its sales outlook for this year and said revenue slid in 2016 for the fourth year in a row, providing evidence that a prolonged slump in mining and construction is still unfolding.
The Dow Jones Industrial Average finished above 20000 for the first time, the latest milestone in the U.S. stock market’s postelection rally.
Rio Tinto, capitalizing on last year’s sharp rally in commodity prices, sold a major piece of its coal business for $2.45 billion to a Chinese company.
Foundation Building Materials, a distributor of items including wallboard, metal framing and ceiling systems, has filed for an initial public offering.
Australia posted its first monthly trade surplus since early 2014 in November, as rising global commodity prices helped power exports, pointing to a possible quick rebound in the economy after its third-quarter contraction.
U.S. stocks pulled back Thursday, as a postelection rally eased heading into the holidays.
Anhui Xinke New Materials has backed out of a deal to acquire the independent filmmaker behind “The Hurt Locker” and “Dallas Buyers Club,” saying it couldn’t satisfy a Chinese regulator.
Japan is leaping into space resources, agreeing to work with a robotic-exploration company to create a blueprint for an industry to extract resources from the moon that would enable more extensive space exploration.
A planned alliance between two of the world’s biggest iron-ore producers, Brazil’s Vale and Australia’s Fortescue Metals, may unravel, Fortescue Chief Executive Nev Power said.
Optima Specialty Steel filed for chapter 11 bankruptcy protection, as nearly $172 million in senior secured note debt came due.
The measure passed, 63-36, after Democrats abandoned a threat to hold up the bill over a dispute involving health benefits for retired coal miners.
South Africa’s Sibanye Gold plans to buy U.S. palladium and platinum miner Stillwater Mining for $2.2 billion, the company’s first foray outside of Southern Africa and latest move to diversify beyond gold mining.
On the campaign trail Donald Trump promised “coal is coming back,” but the experience of Consol Energy suggests some businesses have already made up their mind about coal.
Gold prices fell Thursday, pushed lower by a stronger dollar.
Caterpillar Inc. said Wall Street analysts are “too optimistic” on its potential for earnings next year, but the manufacturing giant signaled an infrastructure bill in the U.S. and OPEC’s decision to reduce oil production could help performance.
Glencore, more than a year after it suspended its dividend, said it planned to reinstate payouts to investors in 2017.