Latest Metals and minerals industry News

Saudis show media scorched, shrapnel-blasted oil facility

Sep. 20, 2019 2:49 PM EDT

BUQAYQ, Saudi Arabia (AP) — The heart of Saudi Arabia's oil industry remained wrapped in scaffolding Friday as workers sought to repair the charred innards and shrapnel-blasted arteries caused by drone-and-cruise-missile attacks that raised tensions between the U.S. and Iran. Saudi officials brought...

Another company seeks to buy idle Wyoming coal mines

Sep. 20, 2019 1:40 PM EDT

CASPER, Wyo. (AP) — Another company says it wants to buy two idle Wyoming coal mines. Littleton, Colorado-based Aspen Coal and Energy has made an offer to buy the Eagle Butte and Belle Ayr mines from Milton, West Virginia-based Blackjewel. The mines have been idle since Blackjewel filed for bankruptcy July...

Court suspends key permits for planned Minnesota copper mine

Sep. 19, 2019 2:34 PM EDT

ST. PAUL, Minn. (AP) — The Minnesota Court of Appeals has handed environmental groups a victory by suspending two key permits for a planned PolyMet copper-nickel mine ahead of a hearing next month. The appeals court put PolyMet's dam safety permit and its permit to mine on hold, ruling Wednesday that the...

New company enters possible deal for idle Wyoming coal mines

Sep. 19, 2019 2:31 PM EDT

GILLETTE, Wyo. (AP) — Another buyer has entered a potential bankruptcy deal that could allow two idle Wyoming mines to reopen but would in effect pay the coal company to do so. Bristol, Tennessee-based Contura Energy said Wednesday it reached a tentative deal to pay Jasper, Alabama-based FM Coal $90...

Knockoff pot vapes raise concerns for licensed companies

Sep. 17, 2019 9:12 PM EDT

LOS ANGELES (AP) — A short walk from police headquarters in the heart of downtown Los Angeles, a cluster of bustling shops are openly selling packaging and hardware that can be used to produce counterfeit marijuana vapes that have infected California's cannabis market. Bootleggers eager to profit off...

Coal mine electrician dies in accident at West Virginia mine

Sep. 17, 2019 10:44 AM EDT

CHARLESTON, W.Va. (AP) — West Virginia officials say a 40-year-old coal mine electrician has died in an accident. The West Virginia Office of Miners' Health, Safety and Training says Steven Vernon Keeney of Sylvester died of injuries from an apparent electrical shock. The accident happened at 12:18 a.m....

US factory production rose at healthy pace in August

Sep. 17, 2019 9:51 AM EDT

WASHINGTON (AP) — U.S. factory output increased in August at a solid clip, reversing a sharp drop in July, as production of metals, machinery and chemicals all rose. The Federal Reserve said Tuesday that manufacturing production climbed 0.5% last month, after a 0.4% drop in July. Despite the improvement,...

Asian shares weaker after spike in crude oil rattles market

Sep. 17, 2019 12:48 AM EDT

BANGKOK (AP) — Shares were mostly lower in Asia on Tuesday after an attack on Saudi Arabia's biggest oil processing plant caused crude prices to soar, prompting selling of airlines and other fuel-dependent industries. The U.S. and international benchmarks for crude fell back slightly after vaulting more...

$2B waterway through Deep South yet to yield promised boom

Sep. 16, 2019 2:37 PM EDT

EPES, Ala. (AP) — More than a century in the making, the 234-mile (376-kilometer) Tennessee-Tombigbee Waterway was supposed to fulfill a dream of "orderly growth and prosperity" when it opened in 1985, snaking its way through the poor, rural Deep South. It hasn't worked out that way. Delayed for decades by...

Idle mines portend dark days for top US coal region

Sep. 15, 2019 5:04 AM EDT

GILLETTE, Wyo. (AP) — At two of the world's biggest coal mines, the finances got so bad that their owner couldn't even get toilet paper on credit. Warehouse technician Melissa Worden divvied up what remained of the last case, giving four rolls to each mine and two to the mine supply facility where she...