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Coal companies return to U.S. leveraged loan market

Coal companies return to U.S. leveraged loan market

Washington - Rising coal prices and a more favorable outlook for the industry under President Donald Trump’s administration are allowing U.S. coal companies to sign new leveraged loans after being shut out of the market since mid-2015, despite a declining long-term outlook for the industry.

Italy’s black economy: a 400,000-strong army / FOCUS

Italy’s black economy: a 400,000-strong army / FOCUS

Rome - As Mafia infiltration of the agro-sector spreads throughout Italy,so the phenomenon of illicit agricultural labour contracting known as “caporalato” shows no sign of abating; just the opposite. The case of Paola Clemente, a 49-year old farm worker from San Giorgio Jonico whose life was cut short in 2015

Died of exhaustion, six “caporali” arrested

Died of exhaustion, six “caporali” arrested

Andria - On 13 July 2015 Paola Clemente,49, died from overwork in the fields around Andria (Puglia). She died from exhaustion: putting in twelve-hour days for a wage of less than thirty euro. Her death prompted Trani’s prosecutor to open an investigation that yesterday led to the arrest of six individuals

India: Coal imports decline by 22% to 14 MT in January
China to suspend all imports of coal from North Korea
The African giant is in motion / ANALYSIS
ILVA, 5,000 on wage guarantees

ILVA, 5,000 on wage guarantees

Genoa - The ILVA group will lay off 5,000 workers in Italy: 4,984 from the Taranto plant, where 10,974 are employed in the integrated steelworks, and 80 (in other words everyone) at the logistical centre in Marghera, where the product from Taranto is unloaded and loaded onto ships.

BHP: online platform to sink shipping costs

BHP: online platform to sink shipping costs

Singapore - BHP Billiton has launched an online system under which shippers compete to offer the best price to haul cargoes of commodities such as iron ore and copper to the mining giant’s customers. HP this week allocated its first cargo using the auction-style platform

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