Glencore raises marketing guidance, lowers output

LONDON, Oct 30 (Reuters) – Glencore on Monday cut its output forecast for core commodities including zinc, but raised its marketing division’s full-year earnings before interest and tax (EBIT) to between $2.6 billion and $2.8 billion, reflecting higher raw materials prices. Its previous 2017 marketing, or trading, EBIT guidance was $2.4 billion to $2.7 billion,[…]

Rick Perry suggests proposal to force utilities to pay more for non-renewables

U.S. Energy Secretary Rick Perry has come up with a controversial plan to slow the closure of coal-powered fire plants, under the guise of stabilizing the power grid. The background of the yet-to-be-passed policy dates back to April, when Perry instructed his second-in-command to develop a 60-day review that looks at how regulatory burdens, subsidies, and[…]

Nova Scotia miners call for better balance in protected areas plan

The Mining Association of Nova Scotia is calling on the provincial government to strike a better balance between protecting jobs and protecting land. “While Nova Scotia’s mining and quarrying industry supports protecting natural lands for future generations, we also believe the provincial government’s Parks and Protected Areas Plan needs to strike a better balance between[…]