K+S to sell Americas salt business to slash debt

Scotland has stopped generating electricity from coal for the first time in more than 100 years.

The steel giant has agreed to sell both operations to Black Diamond Capital Management for an undisclosed sum.

At the historic silver-to-gold ratio today of 79:1, silver below $16 is dirt-floor cheap compared to gold, also historically cheap at around $1,250.

There are signs in the global market that in the near future silver will be more lucrative asset than gold, experts said.

Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily.

For every penny copper prices drop, Codelco loses $36 million and Chile, the world's largest producing country, $50 million.

The 32.33-carats diamond was recovered in November from the firm’s Williamson mine in Tanzania.

About $2.5 billion of the total write-down was on its stake in Chilean copper mining and smelting company Anglo American Sur.

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