Burning Cash to Stay Alive Is Mining’s Biggest Loser Lonmin

Even as 2017 is turning out to be another good year for most of the mining industry, Lommin Plc. is a big exception. Just 15 months after raising about $400 million from shareholders, it is burning through cash to stay afloat and investors are losing confidence in the world’s third-largest platinum producer. Including higher costs…

Saudi CEO Says The ‘Next Level’ For Strategic Collaboration Just Hit By Saudi Arabia And China

According to the Saudi firm’s CEO, “the next level” of strategic collaboration between the two countries is represented by just a days-old agreement between a major Saudi company and one of China’s largest enterprises. An agreement was signed on Thursday with Chinese state-owned Sinopec Group for new joint projects by Saudi Basic Industries Corporation (SABIC), a manufacturing company…

As Voters Turn Out En Masse And Back PM, Netherlands Stems Populist Wave

As center-right Prime Minister Mark Rutte looks on course for victory following the country’s biggest election in a generation, the Dutch establishment held strong under a growing wave of populism. Concerns over a continued rise of populist sentiment across Europe were prompted by the anti-EU Geert Wilders’ Freedom Party appeared to make significant gains and…

Russia Accused Of Hacking Yahoo By US Doj

Placing charges stemming from the hacking of at least half a billion Yahoo accounts, two Russian intelligence officers and two other people were indicted by the U.S. Department of Justice. The Justice Department said that information about “millions of subscribers” at Yahoo, Google, and other webmail providers were mange to be gained by the defendants that…