Continued from Part One. It is widely believed by many, and even openly discussed in Brussels, that Greece could be the first to go. If it does, Portugal may well follow. It seems untenable that Italy could fail, but without collective support, it’s just as hard to see how it can stay. Italy has €33 [...]
Just about everyone outside of Europe’s ruling elite sees the Euro as a train crash in slow motion. Every day, we open our papers or turn on our screens to be greeted by yet more depressing reports of rising bond yields, squeezed bank lending, austerity measures and slowing growth, but just how bad are things [...]
TC Malhotra contributes to MetalMiner from New Delhi. India’s state-owned miner NMDC Ltd. and Russian steel and mining giant Severstal have signed the implementation protocol in Moscow for setting up a joint venture steel plant in the southern Indian state of Karnataka, according to a recent article in the Hindu Business Line. The implementation protocol [...]
In the first of three reports scheduled for release by the OECD over the course of next year, upstream and downstream companies impacted by the Dodd-Frank banking reform (and subsequent Conflict Minerals aspects of the legislation) have the opportunity to see the results of the OECD pilot study. This first release includes two separate reports [...]
Well, here’s a turn-up for the books: the US steel industry is outperforming the rest of the world. Good catch line, isn’t it? Happily for the US, it’s also true, says Reuters. The country’s production growth re-accelerated to 11.5 percent and is now running at a faster pace than China’s, where the year-on-year growth, while [...]
TC Malhotra contributes to MetalMiner from New Delhi. In a major policy change, Australian Prime Minister Julia Gillard declared on Nov. 15 that her ruling Labour Party would reverse its ban on selling uranium to India. Australia-based environmental news agency ECO News reported that the Australia India Business Council (AIBC) has welcomed Australian Prime Minister [...]
While discovering anything bronze in Alaska may seem far-fetched, researchers from the University of Colorado Boulder have proven it is. The team, while excavating a nearly 1,000-year-old Inupiat Eskimo dwelling on Cape Espenberg on the Seward Peninsula, discovered the bronze buckle-like artifact. The Ëœbuckle,’ which measures about 2 inches by 1 inch, is less than [...]
Back in September, MetalMiner interviewed Andrew Browning of the Consumer Energy Alliance about the future of US energy policy, including the role shale gas plays in the energy supply. When asked about fracking specifically the shorthand for “hydraulic fracturing, the practice of blasting through shale rock with a “cocktail of water and chemicals to access [...]
