Iron ore’s three-day losing streak came to a spectacular end on Monday with strong gains recorded across all of the major grades. A train derailment on BHP’s privately-owned line resulted in the miner suspending all iron ore rail operations in Western Australia on Monday. A rebound in Chinese steel futures may have also helped to fuel gains. Iron ore’s three-day losing streak came to a spectacular end on Monday with strong gains recorded across all of the major grades. According to Metal Bulletin, the spot price for benchmark 62% fines surged 2.4% to 75.74 a tonne, its largest gain since October 17. 58% fines jumped 1.1% to $45.42 a tonne while 65% Brazilian fines rose by a smaller 0.6% to $97.10 a tonne. The move coincided with news that BHP had suspended all iron ore rail operations in Western Australia following a train derailment on its privately-owned Mount Newman line, sparking concern of potential supply disruptions. “A Western Australia iron ore … [Read more...] about Iron ore’s losing streak came to a spectacular end after BHP deliberately derailed a runaway train
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Fall River mayor says he’s innocent of fraud charges, won’t be resigning
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Laura Crimaldi and Brian MacQuarrie Globe Staff October 11, 2018 Fall River Mayor Jasiel F. Correia II calls himself a “classic example of a Fall River kid made good” in an official biography, which highlights his rise from “youth of the year” in 2008 to being elected the youngest mayor in the city’s history in 2015 at age 23.But a federal indictment unsealed Thursday cast an ignominious shadow over Correia’s precocious political ascent with allegations that he stole more than $231,000 from investors in his tech startup and used the money on expensive travel, a Mercedes-Benz sedan, casinos, and adult entertainment.The stolen funds, equal to about six times the median household income in Fall River, were taken from investors in SnoOwl, which Correia founded in 2012, federal prosecutors said. Advertisement Correia is also … [Read more...] about Fall River mayor says he’s innocent of fraud charges, won’t be resigning
Beer in the Bay: Russian River opens new brewhouse, and ‘Brews’ takes to the Bay
By Alyssa Pereira, SFGATE Published 3:11 pm PDT, Tuesday, October 9, 2018 Courtesy SF Brewers Guild Courtesy SF Brewers Guild A rendering of Russian River Brewing Co. A rendering of Russian River Brewing Co. Photo: RRBC window._taboola = window._taboola || []; _taboola.push({ mode: 'thumbnails-c', container: 'taboola-interstitial-gallery-thumbnails-3', placement: 'Interstitial Gallery Thumbnails 3', target_type: 'mix' }); _taboola.push({flush: true}); Image 1 of / 3 Caption Close Image 1 of 3 Courtesy SF Brewers Guild Courtesy SF Brewers Guild Beer in the Bay: Russian River opens new brewhouse, and 'Brews' takes to the Bay 1 / 3 Back to Gallery Every Wednesday morning, SFGATE finds the biggest headlines in local (and sometimes national) beer. Check back here weekly for news, events, and information about special releases from your … [Read more...] about Beer in the Bay: Russian River opens new brewhouse, and ‘Brews’ takes to the Bay
Renaissance, River Rouge basketball: Adults to blame for fiasco
Mick McCabe Special to the Detroit Free Press Published 6:23 PM EDT Oct 2, 2018 It has been almost a week since the basketball community at Detroit Renaissance was turned upside down and tremors reached all the way to River Rouge. So let’s take a minute to review: The boys basketball coach is fired. The coach at River Rouge takes the job, then he changes his mind. Then the Rouge coach is essentially fired from Rouge. Then the coach at Detroit Old Redford is hired at Renaissance. Whew! All of that in the matter of a few days. More: Renaissance basketball coach sues over firing: 'This is personal' And the losers in all of this are the kids. What else is new? Why in the world do adults keep messing things up for kids? The Rouge players are especially hurting after they learned that their coach, Mark White, was abandoning them to take the Renaissance job. Rouge athletic director Corey Parker said each year every coach has to apply for their coaching job and White’s … [Read more...] about Renaissance, River Rouge basketball: Adults to blame for fiasco
Rio, Mitsui and Nippon Steel & Sumitomo Metal to invest $1.6 billion in Australia iron ore projects
(Reuters) - Rio Tinto and its joint venture partners, Mitsui & Co <8031.T> and Nippon Steel & Sumitomo Metal <5401.T>, will spend about $1.55 billion to sustain production capacity at two iron ore projects in Western Australia, the global miner said on Monday. Rio will invest $820 million in the projects that form part of the Robe River Joint Venture in the mineral rich Pilbara region, the Anglo-Australian miner said in a statement. (Reporting by Aditya Soni in Bengaluru; editing by Richard Pullin) … [Read more...] about Rio, Mitsui and Nippon Steel & Sumitomo Metal to invest $1.6 billion in Australia iron ore projects