Latest Metals and minerals industry News

Furniture maker considering moving some production overseas

Feb. 27, 2020 6:56 AM EST

DUBUQUE, Iowa (AP) — A Dubuque-based furniture manufacturer is considering moving some production of a signature product to Mexico and Asia. Flexsteel Industries Inc. CEO Jerry Dittmer told the Telegraph Herald the possible change in production of Flexsteel's blue steel spring would be part of an effort to...

FILE - In this April 4, 2013, file photo, a mechanized shovel loads a haul truck that can carry up to 250 tons of coal at the Spring Creek coal mine near Decker, Mont. The Trump administration says the resumption of coal sales from public lands will result in a negligible increase in greenhouse gas emissions, but critics say that ignores the federal coal programs broader impacts. (AP Photo/Matthew Brown, File)

US says resuming coal sales has little impact; critics balk

Feb. 26, 2020 7:34 PM EST

BILLINGS, Mont. (AP) — The Trump administration said Wednesday a resumption of coal sales from public lands that had been blocked under former President Barack Obama will result in a negligible increase in greenhouse gas emissions. Critics accused the administration of producing a flawed analysis of the...

Navajo company reaches immunity deal with US for coal mines

Feb. 26, 2020 6:07 PM EST

CASPER, Wyo. (AP) — A Navajo tribal company has reached an agreement that would allow the U.S. government to enforce environmental laws at two coal mines in Wyoming and one in Montana. Navajo Transitional Energy Company has agreed to a limited waiver of sovereign immunity, the company announced Tuesday. As...

Regulators contesting proposed Wyoming coal mining merger

Feb. 26, 2020 3:20 PM EST

CHEYENNE, Wyo. (AP) — Federal regulators said Wednesday they are contesting two coal companies' proposed Wyoming operations merger, saying the proposal would stifle competition that has helped keep down prices. The Federal Trade Commission issued a complaint against Peabody Energy and Arch Coal, both based...

South Africa giving billions to struggling state-owned firms

Feb. 26, 2020 10:06 AM EST

JOHANNESBURG (AP) — South Africa on Wednesday announced an additional $3.5 billion in government spending for struggling state-owned power utility Eskom and national carrier South African Airways over the next three years as the country’s weak economy faces an electricity crisis. Finance Minister...

FILE - This July 15, 2011, file photo shows Clorox brand products line the shelf of a supermarket in the East Village neighborhood of New York. A handful of companies are rising to new highs even as stock markets around the world tumble on worries about a rapidly spreading virus. Clorox is close to an all-time high after jumping Monday, Feb. 24, 2020, amid expectations that more homes and hospitals will use its disinfecting wipes, for example. (AP Photo/Mary Altaffer, File)

Disinfecting wipes, conference calls: Wall Street winners

Feb. 24, 2020 5:06 PM EST

NEW YORK (AP) — Stay indoors and stay clean. That's what Wall Street is betting people around the world will do given all the fears about a rapidly spreading virus. As stock markets tumble on worries about how much COVID-19 will harm people and slow the global economy, more than a handful of companies...

In this Dec. 6, 2019, photo, workers employed by the Village of Tewa chop wood delivered from the White Mountain Apache Timber Company in the Village of the Tewa administration building on the Hopi Nation, in Ariz. Navajo and Hopi families in northeastern Arizona that have long relied on coal to heat their homes are looking to other sources after last year's closure of a coal mine. (Melissa L. Sevigny/Arizona Public Radio via AP)

Tribes turn to other heat sources after coal mine closure

Feb. 24, 2020 3:21 PM EST

POLACCA, Ariz. (AP) — Navajo and Hopi families in northeastern Arizona that have long relied on coal to heat their homes are looking to other sources after last year's closure of a coal mine. The Kayenta Mine shut down after decades of supplying the Navajo Generating Station near Page along the...

Metal recycling factory fire put out after burning for days

Feb. 23, 2020 3:24 PM EST

BECKER, Minn. (AP) — A fire spotted earlier this weeks at a metal recycling factory in Becker has been extinguished, officials said Saturday. Becker police say private firefighters hired by the company put out the last of the blaze at the Northern Metal Recycling facility, Minnesota Public Radio reported....

Education group lawsuit accuses ex-leader of stealing $200K

Feb. 22, 2020 5:15 PM EST

ANCHORAGE, Alaska (AP) — An educational organization that promotes the oil, gas, mining and timber industries in Alaska has sued its former executive director, accusing her of stealing more than $200,000. Alaska Resource Education filed the civil complaint Wednesday in U.S. District Court in Alaska against...

A massive fire at Northern Metal recycling in Becker, Minnesota, that has been burning for days, seemed to be under control Thursday morning, Feb. 20, 2020. The Becker Police Department posted Thursday  that “major progress

Minnesota shuts down recycling plant, site of massive fire

Feb. 21, 2020 7:21 PM EST

MINNEAPOLIS (AP) — The state of Minnesota on Friday shut down a metal recycling company where a fire burned for days and sent up plumes of smoke. The state cited “imminent and substantial danger” to the public, the Star Tribune reported. The Minnesota Pollution Control Agency issued an...