A law intended to keep U.S. companies from involvement with so-called “conflict minerals” has had the unintended consequence of throwing African miners out of work, forcing many to join militias to support their families, The Washington Post reports.
WASHINGTON (AP) — Three big Wall Street banks that have owned commodities such as aluminum exposed themselves to risk and in some cases manipulated prices in a way that raised costs for consumers, a Senate investigation has found.
The heavy involvement of Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley in the business of storing and moving commodities like oil, aluminum, uranium and copper also gives them unfair trading advantages in financial markets, according to a report issued Wednesday by the Senate Permanent Subcommittee on Investigations.
CHARLESTON, W.Va. (AP) — Don Blankenship joined a small club of executives when he was indicted on federal charges in the 2010 West Virginia mine explosion that killed 29 people.
The former Massey Energy CEO is accused of conspiring to violate safety and health standards at Upper Big Branch Mine, site of the worst U.S. coal mining disaster in 40 years. The explosion and investigation led to the overhaul of the way the federal government oversees mine safety.
CHARLESTON, West Virginia (AP) — The former CEO who oversaw the West Virginia mine that exploded in 2010, killing 29 people, was indicted Thursday on federal charges related to a mine safety investigation that followed the blast.
U.S. Attorney Booth Goodwin said a federal grand jury indicted former Massey Energy CEO Don Blankenship on charges that include conspiracy to violate mandatory federal mine safety and health standards, conspiracy to impede federal mine safety officials, making false statements to the Securities and Exchange Commission and securities fraud.
BEIJING (AP) — Chinese authorities have confirmed the deaths of 21 missing miners who were trapped in an August mine collapse in eastern China, bringing the death toll to 27, state media reported Wednesday.
The official Xinhua News Agency said an explosion ripped through the Dongfang coal mine in the city of Huainan on Aug. 19. The search for the missing miners was hampered by collapsed shafts and gas pockets but ended with the confirmation of the 21 deaths. Six bodies had already been found, while 12 miners escaped, Xinhua reported.
PricewaterhouseCoopers said in a report that metals companies will have to establish new plans for growth as they have limited room to cut costs as metals prices decline, The Wall Street Journal reports.
CSIS forum, "The Trade and Development Nexus, Science and Technology, and Governance in the Extractive Industries." Speakers include USAID official Virginia Brown, State Department Bureau of Energy Resources Deputy Director Marti Flacks.
Three GOP presidential hopefuls - Sens. Rand Paul, R-Ky., Ted Cruz, R-Texas, and Marco Rubio, R-Fla. - are co-sponsoring a bill to block the Environmental Protection Agency's Waters of the United States rule, The Hill reports. Paul announced the bill Friday.
A report from the center-right think tank American Action Forum estimates that the Environmental Protection Agency's power plant carbon rules could eventually force more than 90 coal-fired plants to retire and cost the economy nearly 300,000 jobs, The Washington Times reports.