The Brazilian iron-ore producer will give workers at its Serra Azul unit in the Minas Gerais state a 30-day holiday, MMX said in a statement today. The furlough will begin during the first week of September.
Despite the risks and unfavorable public opinion associated with offshore drilling, the truth remains that the keys to unlock the planet's vast remaining oil resources lie beneath ocean floors, in places like the Gulf of Mexico, Brazil and the Arctic.
As potash prices reach their highest levels, uranium prices have suffered. But the host of Ahead of the Herd online and editor of the Ahead of the Herd newsletter believes the prospects for both industries are bright.