Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
A Texas town has been evacuated following a Chevron gas pipeline explosion this morning.
No injuries have been reported and all workers have been accounted for, Reuters reports. The town, about 50 miles south of Dallas, is home to about 700 people.
Chevron issued a statement saying there had been an “incident” and that the company had initiated emergency response procedures.
According to Reuters, the accident occurred when a construction crew accidentally drilled into a 10-inch liquefied petroleum gas line.
An emergency worker told reporters that the fire is “definitely getting smaller.”
According to Business Insider, officials have ordered an evacuation because another pipeline in the area may also be in danger.
