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Sanctions-hit Iran becoming ‘heaven’ for bitcoin mining, says govt official

3 days ago DieselGasoil Comments Off on Sanctions-hit Iran becoming ‘heaven’ for bitcoin mining, says govt official
An increasing number of Iranians have started turning to cryptocurrencies, in particular bitcoin, with the devaluation of the national currency prompted by US economic sanctions. The crypto craze has raised concerns from authorities that the energy-hungry process of “mining” bitcoin is abusing Iran’s system of subsidized electricity. Currently at half-a-cent per kilowatt, the subsidized electricity Read More

Union Pacific cost cuts sheltered profit amid freight slowdown

3 days ago DieselGasoil Comments Off on Union Pacific cost cuts sheltered profit amid freight slowdown
(Reuters) – Union Pacific Corp (UNP.N) on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised rates to overcome disruptions from record floods in the Midwest and ongoing U.S.-China trade tensions. FILE PHOTO: Locomotives at Union Pacific’s Engelwood rail yard wait to return to service Read More

Trump’s tariffs trip up the all-American RV industry

3 days ago DieselGasoil Comments Off on Trump’s tariffs trip up the all-American RV industry
ELKHART, Ind. (Reuters) – Carrie Gray points to a stack of unwelcome mail on a conference table at the offices of Renegade RV, one of the leading U.S. manufacturers of high-end recreational vehicles. She’s buried in bad news from most of her about 350 suppliers. An assembly line worker works on the production line at Read More

Gold Resource Corporation Reports Preliminary Second Quarter Production and Positioned to Increase 2019 Annual Outlook

4 days ago DieselGasoil Comments Off on Gold Resource Corporation Reports Preliminary Second Quarter Production and Positioned to Increase 2019 Annual Outlook
COLORADO SPRINGS, July 18, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Gold Resource Corporation (NYSE American: GORO) (the “Company”) reports preliminary production results for the second quarter ended June 30, 2019 of 9,559 ounces of gold, 467,484 ounces of silver and significant base metals. The Company currently maintains its 2019 Oaxaca Mining Unit production outlook Read More

Anglo American’s second-quarter output rises 2%, Minas Rio ramps up

4 days ago DieselGasoil Comments Off on Anglo American’s second-quarter output rises 2%, Minas Rio ramps up
FILE PHOTO: The Anglo American logo is seen in Rusternburg October 5, 2015. REUTERS/Siphiwe Sibeko/File Photo LONDON (Reuters) – Anglo American (AAL.L) on Thursday said the ramp-up of iron ore at Minas Rio in Brazil and higher volumes of coking coal had offset reduced diamond production, raising second-quarter output by 2% and keeping the company Read More

Stocks wobble on trade, earnings unease; U.S. Treasury yields fall

4 days ago DieselGasoil Comments Off on Stocks wobble on trade, earnings unease; U.S. Treasury yields fall
TOKYO (Reuters) – Asian shares edged lower on Thursday as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, which helped underpin solid demand for safe-haven U.S. Treasuries. FILE PHOTO: A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, July 1, 2019. REUTERS/Issei Read More

Asian stocks wobble, bond yields fall on earnings woes, trade worries

4 days ago DieselGasoil Comments Off on Asian stocks wobble, bond yields fall on earnings woes, trade worries
TOKYO (Reuters) – Asian shares wobbled in early Thursday trading as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, helping to underpin solid demand for safe-haven U.S. Treasuries. A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, July 1, 2019. REUTERS/Issei Kato Read More

Norwegian Petroleum Directorate reports high activity in the first six months of the year

1 week ago DieselGasoil Comments Off on Norwegian Petroleum Directorate reports high activity in the first six months of the year
7/14/2019 STAVANGER — Production on the Norwegian shelf is holding steady at a high level. Many projects are in the development or planning phases. Many exploration wells are being drilled. There have been few discoveries in the first half of the year. Total petroleum production in the first half of 2019 is about 109,6 million Read More

Pentagon wants to secure supply of rare earths after Chinese threats to cut exports – report

1 week ago DieselGasoil Comments Off on Pentagon wants to secure supply of rare earths after Chinese threats to cut exports – report
The Pentagon has been looking into US miners’ capabilities to produce rare earth metals, according to Reuters. It comes after Beijing signaled it may restrict exports of the vital materials amid the trade war with Washington. The US military has asked miners to come up with plans to develop domestic rare earths mines and processing Read More