Posts From King World News

SEC weighs constitutional challenge to its in-house courts

In an unusual hearing before a standing room-only audience, trial lawyers for the U.S. Securities and Exchange Commission sought to convince the regulator’s commissioners of the legality of SEC administrative proceedings. The case involved Timbervest LLC, which was seeking to overturn an August decision by SEC Administrative Law Judge Cameron Elliot finding the Georgia-based investment firm and top executives liable for fraud for having failed to disclose conflicts of interest

Gold miner Newmont to buy Colorado mine from AngloGold

[Reuters] – Newmont Mining Corp has agreed to buy the Cripple Creek & Victor gold mine in Colorado from AngloGold Ashanti Ltd for $820 million, giving the world’s No. 2 gold producer an expanding asset in a mining-friendly jurisdiction. The acquisition is an opportunity for Colorado-based Newmont to improve its mine life and costs at a time when the mining industry has been in a slump for nearly four years.