Rio Tinto Defers Former CEO Walsh’s Bonuses Amid Guinea Payment Probe

Walsh agreed to defer millions in payments pending the results of an inquiry into a potentially unlawful $10.5 million handed to a consultant on the Simandou iron ore project. Rio Tinto Group has deferred millions of dollars of bonuses due to retired CEO Sam Walsh while investigations continue into a potentially unlawful $10.5 million payment connected to the acquisition of mining rights during his period in charge.

European Stocks Gain as Basic Resource Stocks Power Benchmarks

European stocks climbed higher in early Monday trading as rising commodity price lifted basic resources firms amid growing optimism over the pace of growth in major Asian economies. European stocks climbed higher in early Monday trading as rising commodity price lifted basic resources firms amid growing optimism over the pace of growth in major Asian economies.

Cliffs Natural Resources Inc.’s Stock Surges After Crushing Estimates

Cliffs Natural Resources reported revenue of $754 million during the fourth quarter, up 58% from the year-ago quarter thanks to higher volumes and pricing, which was $78.8 million ahead of analysts’ expectations. Earnings from continuing operations, likewise, surged to $81 million, or $0.42 per share, putting last year’s net loss of $58 million in the rearview mirror.

European Stocks Fall as Political Risks Offset Solid German Data

European equity markets fell Monday as investors took stock of a renewed debate over the pace of U.S. rate increases and kept a cautious eye on political developments. European equity markets fell Monday as investors took stock of a renewed debate over the pace of U.S. rate increases and kept a cautious eye on political developments at home and abroad.

Randgold Caps Record Production with Earnings and Dividend Increase

Randgold Resources, the biggest gold producer on the London Stock Exchange, posted a stronger-than-expected rise in full-year profit and boosted its annual dividend by more than 50%. Randgold Resources , the biggest gold producer on the London Stock Exchange, posted a stronger-than-expected rise in full-year profit and boosted its annual dividend by more than 50%.

Indiana reworking bill that critics say would bar Tesla

Indiana lawmakers are reworking a bill after critics charged that it would sound the death knell of auto manufacturer Tesla’s ability to sell cars in the state. After nearly two hours of testimony Wednesday, House transportation committee Chairman Ed Solidary called a recess and said he would hammer out a compromise between conventional auto manufacturers, their dealership franchises and Tesla.

The Bulls Are Back on Randgold Resources

Recent strength in the price of gold, weakness in the U.S. dollar and improved technical signals on GOLD suggest that GOLD and other precious metal miners can rally further. You don’t have to be a confirmed gold bug to participate.

Rio Tinto Beats Q4 Expectations, Reaffirms 2017 Targets

Strong cash flows could lead to significant dividend hikes and share buybacks, underpinning a rally that has lifted shares by a third in the three months. Rio Tinto shares traded firmly lower in London Tuesday despite solid fourth quarter earnings from the world’s biggest seaborne iron ore exporter and a confirmation of its 2017 targets that set the stage for increased dividends and share buybacks.

The Best Uranium Stock of 2016

It wasn’t a good year for uranium in 2016. Investors had to suffer through continued commodity price weakness even though the long-term backdrop for uranium and nuclear power remained relatively strong.

Why Gold Stocks, Not Gold, Belong in Your Portfolio

Comex gold has been slumping since Donald Trump was elected president on Nov. 9. Today, the weekly chart for gold is negative but oversold, but still has a solid gain since the end of 2015 and since bottoming on Dec. 3. Investments in gold equities have been more volatile , but have outperformed the precious metal since setting multiyear intraday lows between August 2015 and January 2016. The VanEck Vectors Gold Miners ETF , Barrick Gold , Yamana Gold , Goldcorp and Newmont Mining may be deep in bear market territory from their 2016 highs, but they are also in bull market territory since their lows and have outperformed since the end of 2015.

Peabody extends financing deadlines after creditor lawsuit

Peabody Energy Corp said on Thursday the deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy had been extended after large investors sued to slow the process. Last week, Peabody unveiled its plan to eliminate more than $5 billion of debt and raise capital from creditors with a $750 million private placement and a $750 million rights offering.