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Indonesia says Newmont running out of time on new export permit
[Reuters] – Newmont Mining Corp’s Indonesian copper export permit will not be renewed beyond Friday unless the U.S. miner submits a progress update to the government on its plans to develop a domestic smelter, a mine ministry official said. Newmont, Indonesia’s second-largest copper miner, reached an agreement with the Indonesian government a year ago to develop local mineral processing facilities to end an eight-month tax dispute that halted exports. The
Richard Russell – People Must Be Prepared For The Massive Financial Destruction That Is Ahead
On the heels of the Fed decision not to raise interest rates, the Godfather of newsletter writers, 91-year-old Richard Russell, warned people to be prepared for the massive financial destruction that is ahead.
Parent's Hunger Strike Reveals Flaws in Chicago's Education Reforms
It’s a drastic, painful, potentially fatal tactic more associated with third-world political movements calling attention to brutal regimes, or history lessons about legendary protest leaders, like Mahatma Gandhi and Cesar Chavez. Leaders say they launched the strike because city leaders, including Mayor Rahm Emanuel, have repeatedly turned a deaf ear to their complaints about the fate of Walter H. Dyett High School in the historic, majority-black Bronzeville neighborhood. Emanuel’s administration,
Miami Heat part-owner cannot suppress tongue-wagging photo
A federal appeals court said a minority owner of the Miami Heat basketball team cannot stop a woman from running a scathingly critical blog featuring an unflattering photo of him with his tongue protruding askew from his mouth. Raanan Katz, who is also a Florida real estate developer, had sought to stop Irina Chevaldina, a disgruntled former tenant in one of his shopping centers, from using the “ugly” and “embarrassing”
World Trade Center developer gets new chance for damages
A federal appeals court has given the developer Larry Silverstein a new chance to recoup more money for rebuilding the World Trade Center site in New York, on top of the $4.1 billion of insurance proceeds he has received. The 2nd U.S. Circuit Court of Appeals said a lower court judge incorrectly calculated that Silverstein lost just $2.805 billion on his 99-year lease for the site, signed six weeks before
Kinross Updates 2015 Full-Year Guidance
[Marketwired] – Kinross Gold Corporation announced today that it has updated its 2015 full-year guidance for all-in sustaining cost, cost of sales, capital expenditures, production and overhead. The positive adjustments …
New Jersey seeks to block appeal in Exxon settlement
TRENTON, N.J. (AP) — New Jersey Gov. Chris Christie’s administration has moved to block environmental groups and a Democratic state senator from intervening in the state’s $225 million settlement with Exxon Mobil.