Glencore’s Ivan Glasenberg Maneuvering to Create Mining Goliath
A multibillion-dollar merger between commodities conglomerate Glencore and mining giant Rio Tinto may take place this year as Glencore’s CEO is pushing for the deal, a report said. A Glencore-Rio tie-up More...
Eilat named One of World’s Top Ten Emerging Travel Destinations
Israel’s southernmost city of Eilat has been named one of the world’s top ten emerging travel destinations by TripAdvisor’s 2014 Travelers’ Choice awards. This while the city braces for the impact More...
Friedland’s Ivanhoe Mines Gets Green Light in South Africa
Ivanhoe Mines, owned by billionaire Robert Friedland, saw its stock rise on approval of work in one of the biggest platinum mines in South Africa, according to Bloomberg. Ivanhoe was given permission by More...
The Gold Reserves Of The Largest Industrial Nations
– Over the past few days, news has emerged that Russia boosted its gold reserves for the sixth straight month in September. The 37.2 metric ton expansion, valued at $1.5 billion, took the More...
Creditor Carl Icahn Gambling a Judge Will Save Trump Taj Mahal Casino
Carl Icahn, one of the creditors of the now bankrupt long time money pit Atlantic City’s Trump Taj Mahal Casino Resort, is gambling that a judge today will agree to cancel the casino’s union contract. It More...
AngloGold Ashanti Shareholders Revolt over Restructuring Plan
A $2.1 billion rights issue for AngloGold Ashanti belly flopped as shareholders rejected a restructuring and foiled its plans, at least for the time being, of a spin-off that would trade on the London Exchange. More...
Fewer Diamonds Stay in South Africa For Cutting and Polishing
– South African diamonds are no longer staying in South Africa for cutting and polishing, or so says Itan Kaplan, chairman of South African Diamond Manufacturing Association or SADMA. The organization, More...
KKR Rescues Preferred Sands with $680 Million
– – One day after reporting excellent financial results for the June quarter, and for the first half of its fiscal year, KKR & Co. LP announced on Friday that it has signed definitive agreements More...
Ivan Glasenberg Revamps Board of Directors of His New Baby GlencoreXstrata
– Sources also reveal US$17.3 billion new corporate credit lines on the wayץ – Ivan Glasenberg / Getty – / By Clive Minchom / About a month ago, on May 3rd 2013, Ivan Glasenberg finally More...