Peabody Energy reported a net loss of $32.4 million in Q1 2026, down from a $34.4 million profit a year earlier, due to challenges at its Centurion mine and lower metallurgical coal volumes. Despite this, the company saw strong demand and higher prices for thermal coal, especially in seaborne markets influenced by the Middle East conflict, resulting in $82.5 million Adjusted EBITDA. The Centurion mine is progressing toward full production after resolving equipment and roof control issues, with full ramp-up expected in the second half of 2026. Peabody also declared a quarterly dividend and is advancing rare earth element projects, signaling a focus on both current operations and future growth.
Chery Group inaugurated the Rosslyn Plant in South Africa, marking a key step in its global expansion and local market integration. The plant, originally built in 1963, will retain 692 employees and create up to 3,000 supply chain jobs, with producti...
Kinross Gold is positioned for significant growth, backed by strong free cash flow and a $1.4 billion net cash balance. The company plans to maintain annual gold production at 2.0 million ounces through 2028, with potential to increase to over 2.3 mi...
Injective has introduced the Model Context Protocol (MCP) server, an open-source tool that allows AI agents to create, deploy, and verify smart contracts on its blockchain using simple natural language commands. This innovation removes the need for m...
Net Treasury bill issuance will remove about $350 billion of liquidity by mid-September, tightening financial conditions significantly. With the reverse repo facility nearly depleted, this new issuance directly reduces bank reserves, increasing liqui...
Sixteen years ago, Satoshi Nakamoto noted Bitcoin's uniqueness and difficulty to compare with traditional assets. Today, as Bitcoin nears $63,000, this insight holds true as the cryptocurrency defies old financial categories like tech stocks or gold....
