Trump administration approves land swap for Rio Tinto’s Arizona copper mine

© Reuters. (Reuters) – U.S. President Donald Trump’s outgoing administration approved a land swap on Friday for Rio Tinto (NYSE:) Ltd and partners to build an Arizona mine that critics say will destroy sites deemed sacred by Native Americans. The U.S. Forest Service published a final environmental impact statement for the Resolution Copper project, starting […]

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Stock-picking hedge funds land investors double-digit gains in 2020

© Reuters. FILE PHOTO: A trader at the New York Stock Exchange works as markets continue to react to the coronavirus disease (COVID-19) inside of the NYSE in New York By Maiya Keidan (Reuters) – The average hedge fund underperformed the wider stock market in 2020 but saw less volatility while stock-picking funds got a […]

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U.S. oil major ConocoPhillips buys Canadian land from Kelt in $375 million deal

© Reuters. FILE PHOTO: The logo for ConocoPhillips is displayed on a screen on the floor at the NYSE in New York WINNIPEG, Manitoba (Reuters) – U.S. oil major ConocoPhillips said on Wednesday that it agreed to buy land from Kelt Exploration Ltd in Canada’s Montney shale oil play, in a $ 375 million deal. […]

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Supreme Court ruling on Oklahoma tribal land raises questions for oil industry

© Reuters. FILE PHOTO: General view of U.S. Supreme Court in Washington By Jennifer Hiller HOUSTON (Reuters) – A U.S. Supreme Court decision recognizing about half of Oklahoma as Native American reservation land has implications for oil and gas development in the state, raising complex regulatory and tax questions that could take years to settle, […]

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