Why oil booms and busts happen

This illogical world of rising prices, collapsing demand and expanding non-OPEC supply was made possible by a 15.5 million barrels reduction in OPEC’s supply between 1979 and 1985

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Canada’s Imperial Metals halts production, lays off 100 due to low copper prices

Copper prices have plummeted in recent years, forcing miners to sell assets, mothball mines and slash production

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ATI lockout of Steelworkers illegal, labor relations board says

The lockout of more than 2,200 union workers by Allegheny Technologies Inc. was illegal, federal labor officials said Friday, setting the stage for proceedings that could push the two sides to resolve their contentious labor dispute.

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Teck Resources Ltd (TCK.B) Insider Acquires C$49,611.00 in Stock

Insider Robin Sheremeta bought 10,000 shares of Teck Resources stock in a transaction on Friday, December 11th.

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Anglo American to axe 53,000 jobs, put 15 assets up for sale

Anglo American (LON:AAL) announced Friday it lost $3 billion during the first half of 2015 and that it would cut 53,000 jobs in the coming years, as a deep rout in commodity prices continue to add strain to battered miners everywhere.

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Teck credit rating at risk due to poor commodity price

“…our credit ratings are recently put on negative outlooks by S&P and Moody’s due to the current economic environment,” said Ron Millos, Teck CFO. “Our investment grade credit ratings continue to be a priority for us.

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Coal slump hits Teck’s profit, output forecast

21% drop in quarterly profit and cut its 2015 coal production forecast due to falling demand from China and increased supply from Australia.

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Labour market deregulations not working: International Monetary Fund

Recent — and potentially watershed — International Monetary Fund (IMF) documents have cast doubt on the merits of labour market deregulation of the last three decades, with important consequences for Canada. But will anyone listen?

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Norway’s sovereign wealth fund should stop investing in coal, government says

Norway’s parliamentary parties have agreed that the country’s $900 billion sovereign wealth fund should stop investing in coal companies because of their impact on climate change.

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#NameAFerry contest comes back to haunt B.C. Ferries

When B.C. Ferries announced a contest to name its three new foreign-built boats, the high-priced executives in those cushy corporate offices thought they’d struck public-relations gold.


March 2016
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Labour News Wire