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U.S. judge says Rio Tinto must face SEC fraud case

8 hours ago DieselGasoil Comments Off on U.S. judge says Rio Tinto must face SEC fraud case
NEW YORK (Reuters) – A U.S. judge on Monday rejected Rio Tinto Plc’s bid to dismiss a Securities and Exchange Commission lawsuit accusing the Anglo-Australian mining company of civil fraud in its handling of a failed investment in a Mozambique coal project. FILE PHOTO: A sign adorns the building where mining company Rio Tinto has Read More

PwC to pay $335 million over failed audits of Alabama's Colonial Bank: U.S. regulator

3 days ago DieselGasoil Comments Off on PwC to pay $335 million over failed audits of Alabama's Colonial Bank: U.S. regulator
FILE PHOTO: The exterior of PricewaterhouseCoopers (PWC) is seen in Washington, DC, U.S. December 6, 2017. REUTERS/Mike Stone WASHINGTON (Reuters) – A top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay $335 million to settle claims of “professional negligence,” after saying the auditor should have identified problems leading to the 2009 collapse of Read More

Tesla unveils Model Y as electric vehicle race heats up, price starts at $39,000

4 days ago DieselGasoil Comments Off on Tesla unveils Model Y as electric vehicle race heats up, price starts at $39,000
SAN FRANCISCO (Reuters) – Tesla Inc unveiled its Model Y electric sports utility vehicle on Thursday evening in California, promising a much-awaited crossover that will face competition from European car makers rolling out their own electric rivals. Chief Executive Elon Musk said the compact SUV, built on the same platform as the Model 3, would Read More

Advantage Lithium replaces CEO in wake of college admissions scandal

4 days ago DieselGasoil Comments Off on Advantage Lithium replaces CEO in wake of college admissions scandal
(Reuters) – Advantage Lithium Corp said on Thursday it has temporarily replaced Chief Executive David Sidoo as he battles U.S. fraud charges connected to a sweeping college admissions scandal. FILE PHOTO: Students walk on the campus of Yale University in New Haven, Connecticut November 12, 2015. REUTERS/Shannon Stapleton/File Photo The company has named board member Read More

Mid-Con Energy Partners, LP Announces Fourth Quarter and Full Year 2018 Operating and Financial Results, 2018 Year End Proved Reserves and 2019 Guidance

6 days ago DieselGasoil Comments Off on Mid-Con Energy Partners, LP Announces Fourth Quarter and Full Year 2018 Operating and Financial Results, 2018 Year End Proved Reserves and 2019 Guidance
TULSA, March 12, 2019 (GLOBE NEWSWIRE) — Mid-Con Energy Partners, LP (NASDAQ: MCEP) (“Mid-Con Energy” or the “Partnership”) announces operating and financial results for the fourth quarter and full year ended December 31, 2018. “2018 was a transformative year for the Partnership,” commented our President and CEO, Jeff Olmstead. “We significantly improved our financial position Read More

Saudi Arabia boasts discovery of ‘massive’ gas deposit in Red Sea

2 weeks ago DieselGasoil Comments Off on Saudi Arabia boasts discovery of ‘massive’ gas deposit in Red Sea
The Saudi Kingdom’s energy minister announced that a large deposit of natural gas has been found in the Red Sea off the country’s coast, and discussed potential energy projects abroad. Energy Minister Khalid al-Falih said that Saudi State energy company Aramco, the world’s largest energy company, discovered “large amounts of  gas,” Saudi Press Agency reported Read More

Unique 98.8 carat diamond unearthed in Russia’s Far North (PHOTO)

2 weeks ago DieselGasoil Comments Off on Unique 98.8 carat diamond unearthed in Russia’s Far North (PHOTO)
Russian-based world leader in diamond mining, Alrosa, has mined a gem-quality diamond weighing almost 100 carats at its deposit in the northeastern region of Yakutia. It is the second-largest gem ever found at the facility. The diamond, which has an octahedral shape, was found at the Zapolyarnaya kimberlite pipe, which is the part of the Read More

Gold Resource Corporation Achieves Eighth Consecutive Profitable Year Reporting $9.3 Million Net Income, $0.16 Per Share, Provides 2019 Production Outlook

3 weeks ago DieselGasoil Comments Off on Gold Resource Corporation Achieves Eighth Consecutive Profitable Year Reporting $9.3 Million Net Income, $0.16 Per Share, Provides 2019 Production Outlook
COLORADO SPRINGS, Colo., Feb. 26, 2019 (GLOBE NEWSWIRE) — Gold Resource Corporation (NYSE American: GORO) (the “Company” or “GRC”) today announced an eighth consecutive year of profitability, reporting net income of $9.3 million or $0.16 per share.  The Company also confirmed its previously announced 2018 annual mill production of 26,838 gold ounces and 1,672,034 silver Read More

JPMorgan keeps key profit goal, cautious on U.S. recession risks

3 weeks ago DieselGasoil Comments Off on JPMorgan keeps key profit goal, cautious on U.S. recession risks
NEW YORK (Reuters) – JPMorgan Chase & Co, the biggest U.S. bank by assets, said on Tuesday it expects to face rising costs for deposits, a key part of its business, and slowing global economic growth. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York Read More