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CNN —West Virginia Gov. Jim Justice will win the state’s Republican US Senate primary, CNN projects, positioning the two-term governor as the clear favorite to succeed retiring Democratic Sen. Joe Manchin in the deep-red state. The West Virginia Senate seat has long been seen as the most likely to flip this cycle and will be key to GOP hopes of winning the Senate this November. National Republicans, including former President Donald Trump, largely coalesced in the West Virginia Republican primary around Justice, who was barred by term limits from seeking reelection as governor. Still, in the closing weeks, the Senate contest turned bitter as Justice and Mooney traded sharp jabs on air.
Persons: Jim Justice, Democratic Sen, Joe Manchin, Alex Mooney, , Donald Trump, Mooney, , “ Mooney, , Manchin, — Trump Organizations: CNN, West Virginia Gov, Republican, Senate, Democratic, GOP, Caucus, The West, The West Virginia Senate, National Republicans, West Virginia Republican, Justice, , Democrat, Trump, New York Times Locations: The West Virginia, , Montana and Ohio, Arizona , Michigan, Nevada , Pennsylvania, Wisconsin, West Virginia, Greenbrier
U.S. to Limit Deadly Mining Dust as Black Lung Resurges
  + stars: | 2024-04-16 | by ( Chris Hamby | ) www.nytimes.com   time to read: +1 min
Federal regulators on Tuesday will issue new protections for miners against a type of dust long known to cause deadly lung ailments — changes recommended by government researchers a half-century ago. Mining companies will have to limit concentrations of airborne silica, a mineral commonly found in rock that can be lethal when ground up and inhaled. The new requirements will affect more than 250,000 miners extracting coal, a variety of metals, and minerals used in products like cement and smartphones. Tuesday’s announcement is the culmination of a tortuous regulatory process that has spanned four presidential administrations. As progress on the rule stalled, government researchers documented with growing alarm a resurgence of severe black lung afflicting younger coal miners, and studies implicated poorly controlled silica as the likely cause.
Persons: , Chris Williamson, Organizations: Miners, Health Administration
Tribeca has been a shareholder of Glencore for seven years and has been engaging with management for a year. The company has excellent core asset quality in copper, zinc and coal, as well as a world-leading commodity trading business. Notably, Bluebell Capital Partners agitated for a demerger of Glencore's thermal coal business in 2021. However, in 2023, after acquiring a 77% interest in Teck's steelmaking coal business, Glencore stated its intention to demerge its combined coal and carbon steel businesses. The same can be said for the divestment of the trading business.
Persons: Glencore, David Aylward, Gary Nagle, astutely, Berkshire Hathaway, Ivan Glasenberg, Ken Squire Organizations: Glencore, Tribeca Investment Partners, Tribeca, Financial Times, Australian Securities Exchange, London Stock Exchange, BHP, Rio Tinto, Bluebell Capital Partners, LSE, Rio, NYSE, 13D Locations: Switzerland, Australia, Africa, South America, Sydney, Melbourne, Singapore, London, Tribeca, Glencore, Swiss, Rio, Europe, cyclicality, Berkshire
So now you start compounding the implications on life sciences, and biosciences and it gets really, really exciting. I will say this, I don't think that it is currently popular to espouse an overwhelmingly positive sentiment, because I think it is seen as naive. I think we are so wrapped up in the Terminator Skynet idea, and I just don't think that's even remotely interesting given what we think we're building. I point to nuclear as the best example of how one policy, especially influenced by public perception, can have a really, really incredible consequence on the human experience. I think there is not enough attention paid to the issue of AI versus AI.
Persons: Zack Kass, Kass, Santa Barbara, Sam, Altman, I've, we're Organizations: Artificial Intelligence, biosciences, Artificial General Intelligence Locations: Santa, China
The ongoing investments in the U.S. reflect a long-running rift between U.S. Catholic bishops and the pope on how to address global warming. The pope's Laudato Si encyclical urged immediate action against climate change, declaring that "highly polluting fossil fuels need to be progressively replaced without delay." The Vatican bank, which is separate from APSA, also does not invest in fossil fuels, a bank official said. A CCF official said energy and fossil fuels stocks make up between 3.5% and 6% of archdiocese investment funds, and that CCF uses its shareholder status to press for corporate environmental improvements. He called the enormous financial gains by oil companies "immoral profits."
Persons: Pope Francis, Dan DiLeo, Peter Marlow, Remo Casilli, Anne, Marie Welsh, William Lori, Bernard Hebda, Saint, Joshtrom Kureethadam, Chieko Noguchi, Noguchi, USCCB, Sabrina Danielsen, Danielson, Richard Valdmanis, Philip Pullella, John Mair, Suzanne Goldenberg Organizations: Catholic, drillers, U.S . Conference of Catholic Bishops, Catholic Church, Reuters, Justice, Peace, Creighton University in, Vatican, Opportunity Fund, Collective Investment, Archdiocese, Minneapolis, Catholic Community Foundation of Minnesota, CCF, Development, American Petroleum Institute, Christian Brothers Investment Service, Investment, BP, Shell, Creighton University, U.S, Thomson Locations: United States, Dubai, Creighton University in Nebraska, U.S, APSA, Vatican, Ireland, Germany, Archdiocese, Boston, Chicago, San Francisco, Erie , Pennsylvania, Texas, San Antonio, Austin, Fort Worth . Erie, Erie, Baltimore, Saint Paul, Paris, Saudi Aramco, PetroChina, India, Vatican City, Berlin, Sydney
Manchin never defended the remark but was criticized by West Virginia Republicans for what his party’s nominee said. By 2022, coal mining employees in West Virginia made up nearly 30% of all coal employees in the country. John Deskins, director of the West Virginia University Bureau of Business and Economic Research, said 75% of West Virginia’s coal jobs were disappearing before coal production dropped because of mechanization. West Virginia Democratic Party Chair Mike Pushkin said Trump never fulfilled his promise. He said the state Democratic Party was branded “anti-jobs and anti-coal” because of environmental policies coming from the national party.
Persons: Joe Manchin’s, Robert C, Byrd, Jennings Randolph, Jay Rockefeller, Manchin, Joe Biden's, Jim Justice, Donald Trump, Barack Obama, Trump, Hillary Clinton, John Deskins, , Mike Pushkin, “ Donald Trump, Robert Rupp, " Rupp, ” Rupp, Rupp, , “ He’s, Biden, Jim Crow, William Hal Gorby, you’re, ” Manchin, Pat McGinley, ” McGinley, Democratic Sen, Mike Caputo, Kavish Harjai Organizations: U.S, Senate, West Virginia's, Democratic, Mountain State, Republican Gov, Biden, Senate Energy, Natural Resources Committee, West Virginia Republicans, West Virginia University, of Business, Economic Research, West Virginia Democratic, Democrats, Retired West Virginia Wesleyan, New, Democrat, Immigrants, Black, West Virginians, ” West Virginia University, Big Branch, Big, Mine Safety Administration, Massey Energy, West Virginia Democrats, United Mine Workers, America, Democratic Party, Press Locations: CHARLESTON, W.Va, Washington, Manchin, West Virginia, Kentucky, Virginia, West, Towns, Europe, , Randolph, Los Angeles
CNN —At least 45 coal miners were killed in a fire sparked by a methane gas explosion at a mine in Kazakhstan, authorities in the country said on Sunday. In a statement, the Ministry for Emergency Situations said the blast sparked a blaze early on Saturday at the Kostenko mine in the Karaganda region, state-owned Kazinform news agency reported. More than 200 people were evacuated from the mine to safety and search efforts are ongoing for one missing miner, the ministry said. The mine is owned by Luxembourg-based ArcelorMittal, the world’s largest producer of steel, and run by its local representative ArcelorMittal Temirtau, which operates multiple coal and iron ore mines across Kazakhstan. The multi-billion dollar mining sector accounted for an estimated 17% of GDP in mineral-rich Kazakhstan in 2021, according to the US International Trade Administration.
Persons: ArcelorMittal, , Kassym, Jomart Tokayev Organizations: CNN, Ministry, Emergency, General, Office, Kazakh, US International Trade Administration Locations: Kazakhstan, Karaganda, Luxembourg, Kazakh, Temirtau
Indeed, the pace of Poland's clean energy supply growth may more often undershoot expectations than exceed them over the near term, even with a significant swing in political power. POWER SYSTEM CHANGES ALREADY UNDERWAYA major reason for climate trackers to expect only modest shifts in clean energy policies and momentum going forward is that Poland's energy system has already substantially cleaned up its electricity generation mix in recent years. Between 2018 and 2022, Poland's electricity producers boosted clean electricity supply capacity by over 150% so that clean sources now account for roughly 40% of total electricity capacity, up from 20% in 2018, data from think tank Ember shows. BACKLOGS BREWINGEmerging problems linking new clean generation assets with Poland's electric grid are a key reason why clean power growth may slow going forward. Pushing power costs lower may even trump plans to further clean up the power generation system, which may only add to power generation costs over the near term despite resulting in lower emissions in the long run.
Persons: Donald Tusk, Donald Tusk's, Gavin Maguire, Sonali Paul Organizations: European Union Civic Coalition, European, Poland's Institute, Reuters, Thomson Locations: LITTLETON , Colorado, Poland, Germany, Ukraine, Europe, LSEG, Western Europe
Republican U.S. Senate candidate Don Blankenship speaks to his supporters during the primary election in Charleston, West Virginia, U.S., May 8, 2018. In his appeal to the Supreme Court, Blankenship's lawyers said that the media is now dominated by a few giant corporations that seek profits ahead of public service. The Supreme Court previously rejected Blankenship's appeals seeking to overturn his conviction. Thomas in 2019 took aim at the 1964 defamation precedent in an opinion he wrote when the court refused to consider reviving a defamation lawsuit against Bill Cosby. Thomas added that defamation law was historically a matter for the states, and should remain that way.
Persons: Don Blankenship, Lexi Browning, Donald Blankenship's, Blankenship, Sullivan, Clarence Thomas, Thomas, Neil Gorsuch, Joe Manchin, Blankenship's, Bill Cosby, Andrew Chung, Will Dunham Organizations: Republican U.S, Senate, REUTERS, U.S, Supreme, Massey Energy, Fox News, MSNBC, U.S . Senate, New York Times, Conservative, Republican, Democratic, Washington Post, Boston Globe, Circuit, Big Branch, Thomson Locations: Charleston , West Virginia, U.S, West Virginia, Richmond , Virginia, Massey's
In 1889, journalist Nellie Bly set off on a trip around the world, trying to make it under 80 days. "You see a huge emphasis being placed on building ships that were ever faster than the previous generation of ships," Goodman said. Once aboard the train, Bly began to receive telegrams from her editors and well-wishers. "Sometimes it literally literally just says, 'Nelly Bly's train,'" Behn said. For Behn, what Bly and Bisland did remains incredible and deserve to be remembered as much as Verne's story.
Persons: Nellie Bly, Elizabeth Bisland, , Jules Verne's, Bly, Bisland, Adrien Behn, Matthew Goodman, Elizabeth Bisland's, Victoria, Augusta Victoria, Henry Guttmann, seasickness, Behn, San Francisco —, Bettmann, Goodman, John Mix Stanley, Said, Getty Images Bly, they'd, Alfred Touchemolin's, voyaged, She'd, James Buchanan, Joseph Pulitzer's, Nelly Bly's, Jules Verne, Thomas Cook, Fogg, Nelly, she'd Organizations: Service, Cosmopolitan, Atlantic, Hulton, Western, Central Pacific, Union Pacific, Union Pacific's Overland, Rockies, Railroad, US, Ships, Suez, Getty Images, Workers, SSPL, Headquarters, Thomas Cook &, Companies Locations: London, New Jersey, New York, California, Blackwell's, of, New York Harbor, Chicago, Omaha, Utah, San, Salt, Union, Iowa, San Francisco, Midwest, Between Nebraska, Sacramento , California, Sierra Nevada, Lake Jessie , North Dakota, Washington ,, Philadelphia, Suez, Europe, Asia, Africa, Britain, India, Port Said, Egypt, Yemen, commonwealths, British, Aden, Colombo, Penang, Hong Kong, Singapore, Ceylon, Yokohama, France, Germany, America, South China, Nevada, Russian Empire, East, North America, London's, Italy, Ireland, United States, Japan, China
While the WGA settled its strike recently, winning improved wages and job protections, SAG-AFTRA remains on strike, and most filming remains on hold. They won a reported 32% increase in pay over the six-year life of a contract reached in June and ratified earlier this month. Many of the health care workers unions say their main issue is lack of adequate staffing and the workers’ belief that they’re not able to provide the level of care they want without more help. The Biden administration and Congress stepped into a labor dispute late last year when freight railroad workers threatened to strike. “Labor unions are enjoying a moment of high public approval and strong belief in the benefits they offer to workers, businesses and the economy,” said a Gallup statement.
Persons: Joe Biden’s, , “ It’s, Wheaton, “ You’ve, , you’ve, ” Biden, Ronald Reagan, That’s, they’re, Biden Organizations: New, New York CNN, United Auto Workers, UAW, General Motors, Ford, Cornell University’s Industrial, Labor Relations, , Guild of America, SAG, Hollywood, Screen Actors, WGA, Kaiser Permanente, Teamsters, UPS, Warehouse Union, Cornell University School of Industrial and Labor Relations, Unions, Warrior, United Mine Workers, Congress, Gallup, “ Labor Locations: New York, United States, Buffalo , New York, California , Oregon, Washington , Colorado, Virginia, Washington, Coast, Kaiser, Los Angeles, New York City, Alabama
The Autoworkers Go on Strike
  + stars: | 2023-09-15 | by ( David Leonhardt | More About David Leonhardt | ) www.nytimes.com   time to read: +1 min
(Here is the latest Times coverage of the United Auto Workers strike that began this morning.) But history shows that the potential for a strike, and sometimes the reality of one, is necessary for workers to receive healthy raises and ensure good working conditions. The decades after World War II are rightly remembered as a time when the American middle class was expanding rapidly. In the 12 months after World War II ended, almost five million Americans, or roughly 10 percent of the work force, went on strike, including autoworkers, film crews in Hollywood, steel workers, coal miners and meatpackers. During the 1950s — a supposedly conformist decade — more than 1.5 million workers went on strike every year on average.
Organizations: United Auto Workers Locations: American, Hollywood
New York CNN —Since last year’s Labor Day, US unions have flexed their muscle in a way not seen in decades. When including those smaller strikes, the total number of strikes in the past year increased to nearly 400. The United Mine Workers union never reached a deal on a new contract. The public also sees unions having more power than in the past, and they approve of that, according to the poll. More major strikes loomA number of major labor disputes are still looming.
Persons: They’ve, “ It’s, , Wheaton, “ You’ve, it’s, they’re, Biden, AFTRA Organizations: New, New York CNN, Labor, Cornell University’s Industrial, Labor Relations, Teamsters, UPS, Cornell University, Unions, Warrior, United Mine Workers, Congress, SAG, Writers Guild, Observers, Gallup, “ Labor, United Auto Workers, , Motors, Ford, Jeep, Dodge, Chrysler, GM, Kaiser Permanente Locations: New York, Buffalo , New York, Los Angeles, New York City, Alabama
Thermal coal insurance rates rose more than 20% last year, it said, above the 7.3% rise in the benchmark Marsh Global Insurance Market Index. Insurance companies can be active in both primary insurance and reinsurance and have differing commitments on ESG for different parts of their business. "Establishing a mutual fund for the coal industry is a matter for the coal industry," a spokesperson for the Australian Department of Treasury said. "I'm talking about going beyond your normal UK-based markets and looking into Asia for funders and insurance cover," she added. Coal prices hit record highs in September last year as European countries scrambled to replace Russian gas, sending coal miners' profits soaring.
Persons: Philip Mostert, Seriti, Doug Gain, Gain, Ben Davis, Willis Towers Watson, Thungela, China's, Russia's, Switzerland's Chubb, Chubb, Russia's SOGAZ, Peter Bosshard, Nombasa Tsengwa, Tsengwa, Exxaro, Clara Denina, Sarah McFarlane, Nelson Banya, Elaine Hardcastle, Daniel Flynn Organizations: REUTERS, Seriti, Thungela Resources, International Energy Agency, Reuters, Marsh Global Insurance, Whitehaven Coal, Whitehaven, Allianz, Swiss, Germany's Allianz, Insuramore, Australian Department of Treasury, South, Thomson Locations: American, Mpumalanga Province, South Africa, South, Ukraine, Whitehaven, Munich, Australia, Asia, Europe
‘King Coal’ Review: Mining for Stories in Appalachia
  + stars: | 2023-08-11 | by ( Kyle Smith | ) www.wsj.com   time to read: 1 min
Gabby Wilson and Lanie Marsh in ‘King Coal’ Photo: Curren SheldonThere are fewer than 12,000 coal miners left in West Virginia, but the combination of the value, power and danger of the rock in question means the job retains a mythic quality. Filmmaker Elaine McMillion Sheldon , a native of the state, has done a breathtakingly expressive job of capturing the strangeness, the beauty and the devastation of her homeland in the poetic, entrancing documentary “King Coal.”
Persons: Gabby Wilson, Lanie Marsh, Curren Sheldon, Elaine McMillion Sheldon Organizations: Coal Locations: , West Virginia
Archaeologists excavate the hull of a wooden ship, an ancient Roman flat-hulled riverine vessel at the ancient city of Viminacium, near Kostolac, Serbia, August 2, 2023. REUTERS/Zorana Jevtic/File PhotoKOSTOLAC, Serbia, Aug 3 (Reuters) - Archaeologists in Serbia are painstakingly brushing sand and soil off the ancient woodwork of a Roman ship discovered by miners in a vast opencast coal quarry. "We may assume that this ship is Roman, but we are unsure of its exact age," he told Reuters at the dusty site hanging precariously above a vast open coal pit. The intention is to put the latest discovery on display with thousands of artefacts unearthed from Viminacium near the town of Kostolac, 70 km (45 miles) east of Belgrade. Mladen Jovicic, who is part of the team working on the newly-discovered ship, said moving its 13-metre hull without breaking it would be tough.
Persons: Zorana, Viminacium, Miomir Korac, Mladen Jovicic, Aleksandar Vasovic, Andrew Cawthorne Organizations: REUTERS, Reuters, Thomson Locations: Viminacium, Kostolac, Serbia, Roman, Moesia Superior, Belgrade
By the age of 44, Mr. Hoskins was diagnosed with his own case of the most severe form of black lung. Last year we cared for over 500 former coal miners with the most severe form of black lung, a record for the clinic’s 32-year history. By the end of the last century, thanks, in part, to federal safety standards, severe black lung had nearly been eliminated. But with changes in technology and conditions in coal mines in central Appalachia, cases of severe black lung disease are back to the highest level in decades after the last major study, in 2018. As of that year, more than one-fifth of experienced Appalachian miners have black lung.
Persons: Denver Hoskins, Hoskins, Barbara Kingsolver’s Organizations: Cincinnati Reds, Division, Stone Mountain Health Services, Centers for Disease Control Locations: Kentucky, St, Charles, Va, Lee County, Appalachia —, Virginia , Kentucky, West Virginia, Tennessee, Appalachia
LONDON, July 27(Reuters Breakingviews) - The world is getting hotter, but when it comes to achieving net zero investors are cooling. Glencore (GLEN.L), the $75 billion Swiss group that is one of the world’s biggest coal miners, makes an interesting case study for what’s changed. Either way, the plan raises the prospect of Glencore bulking up in coal before offloading some or all of the enlarged business. True, a listing of Glencore’s enlarged coal business might not happen for a few years. While prices have now more than halved, Glencore‘s coal business would still make $9 billion in EBITDA in 2023 if they averaged $200 a tonne.
Persons: what’s, Glencore, Gary Nagle, Nagle, Teck, wouldn’t, There’s, Wael Sawan, Larry Fink, underwhelmed, ” Nagle, Glencore’s, George Hay, Karen Kwok, Peter Thal Larsen, Aditya Munjuluru Organizations: Reuters, Resources, Teck Resources, Bluebell Capital Partners, Investment, International Energy Agency, Reuters Graphics Reuters, Rio Tinto, BHP, GQG Partners, Capital Research Group, BlackRock, Vanguard, Services, Saudi, Aramco, United Nations, of, Pensions, Shell, Financial Times, , Melbourne Mining, Capital Partners, Thomson Locations: Glasgow, Ukraine, EBITDA, American, U.S, Glencore, London, New York, Europe, Melbourne
Breakingviews category · July 27, 2023 · 9:08 AM UTCThe world is getting hotter, but when it comes to achieving net zero investors are cooling. In November 2021 many large corporations gathering at the COP26 climate summit in Glasgow committed to decarbonising their operations by 2050 in an attempt to limit global warming to 1.5 degrees Celsius above pre-industrial levels. Less than two years on, despite the world hitting its highest-ever average temperature, the pressure is off. Glencore , the $75 billion Swiss group that is one of the world’s biggest coal miners, makes an interesting case study for what’s changed.
Persons: what’s Locations: Glasgow
Biden is betting that union workers whose jobs are threatened by the energy transition will eventually find a place in the green economy, but that's a hard sell in union-friendly Philadelphia. About a dozen union workers in the Philadelphia region Reuters spoke to questioned whether the new industries can produce a similar number of jobs at the same high wage scale. Overall energy jobs in the U.S. grew 3.8% in 2022, to more than 8.1 million, led by fast growth in clean energy jobs, the Department of Energy said in June. Clean energy jobs, a wide category including wind and solar power, nuclear, and grid technologies and battery storage, made up 3.1 million of those. "I believe Biden when he says that green energy jobs will be union, the question is just how many jobs will there be," Eiding said.
Persons: Joe Biden, Biden, Nancy Minor, Ali Zaidi, Zaidi, Pat Eiding, Eiding, Seth Harris, Harris, Jarrett Renshaw, Heather Timmons, Robert Birsel Organizations: PHILADELPHIA, Philadelphia Shipyard, Reuters, EV, Department of Energy, Philadelphia AFL, CIO, White, House, Thomson Locations: Philadelphia, U.S, Acadia, Biden's, China
On one of the first voyages, 492 Caribbean islanders onboard the HMT Empire Windrush arrived in the UK on June 22, 1948. That generation of immigrants became the namesake of that ship, and their arrival date is now celebrated as Windrush Day. However, Cole says racist abuse and a lack of acknowledgement for his achievements meant that in adulthood, he recognized his father was right. Speaking on the inevitability of racist abuse that Black footballers face when missing penalties Andy outlined, “I think we’re just waiting, okay, what’s happening on social media? A clinical striker in his playing career, maybe one day Andy can transfer his wealth of knowledge to the boardroom.
Persons: Andy Cole, , Darren Lewis, Cole reminisced, ” Andy, Windrush, Cole’s, Cole, Douglas Miller, ” Cole, Norma Gregory, Lincoln, , Caribbeans, Mark Leech, Andy, Devante, George Wood, Jadon Sancho, Marcus Rashford, Vinícius, Romelu, Tom Jenkins, Vinicius Organizations: CNN, League, Champions League, CNN’s, Commonwealth, Caribbean, Hulton, Coal Miners, Heritage, English League, Barnsley, English, England, Inter Milan, FIFA, UEFA, Italy, Real Locations: Britain, Nottingham, Jamaica, Commonwealth, Runnymede, British, England, Real Madrid, Italian, Brazil, European
Big increases from mostly coal-fired thermal generators (+149 billion kWh), wind farms (+79 billion kWh) and solar generators (+19 billion kWh) offset a fall in hydro production (-82 billion kWh). Chartbook: China electricity generationThe two provinces of Sichuan (354 billion kWh) and Yunnan (296 billion kWh) in southern China produced almost half of the country’s total hydro-electric power (1,352 billion kWh) in 2020. ENERGY SECURITYSouth China’s drought and reduced hydro generation explains why the central government has encouraged coal miners to maximise production and coal-fired generators to stockpile fuel. Coal imports increased by +86 million tonnes (+90%) in the first five months as generators and steelmakers took advantage of lower international prices to rebuild inventories. Large numbers of new coal-fired plants are being authorised and built to meet short-term load growth and reliability requirements even as government plans to reduce the share of coal-fired generation in the medium and long-term.
Persons: steelmakers, John Kemp, Barbara Lewis Organizations: National Bureau of Statistics, Coal, China Electricity Council, Thomson, Reuters Locations: China, Chartbook, Sichuan, Yunnan, Yibin
Eastern Ukraine CNN —As their country fights to repel Russia’s forces, Ukrainian women are taking on roles and responsibilities previously unavailable to them, often in challenging and dangerous circumstances. In their absence, Ukrainian women are stepping up. Underground mining, forging hot metals, and operating heavy machinery – these are just a few of the jobs Ukrainian women weren’t previously permitted to do. Tetiana was one of the first to raise her hand when the miining company asked for female volunteers to work underground. When hundreds of miners were conscripted into the military, Tetiana’s mining company asked for female volunteers to work underground.
That realization led portfolio manager David Miller to launch the Catalyst Insider Buying Fund (INSIX) nearly 12 years ago. While many funds factor in insider transactions when selecting stocks, few use it as their main prerequisite when screening investments. But in the last 12 months, it's the best-performing large-cap fund on the market through April 30, according to Kiplinger. All of these companies have benefitted from insider buying to some extent, but some have been lifted even more by company buybacks. "They've just been gobbling up their own stock," Miller said of O'Reilly Automotive.
Coal Is Too Hot to Handle—Maybe Even for Glencore
  + stars: | 2023-04-17 | by ( Megha Mandavia | ) www.wsj.com   time to read: +1 min
Teck Resources says that its own plan for its company would mean better opportunities to maximize value for its shareholders. Glencore , one of the world’s largest coal miners and traders, wants more coal—just not in its backyard. An emerging battle for fellow coal heavyweight Teck Resources ’ assets says a lot about the curious position the black stuff finds itself occupying in the postpandemic, post-Ukraine-invasion world. Glencore is pursuing Teck Resources in a $23 billion deal that would create two new companies—one for Glencore and Teck’s merged base-metal and other assorted businesses, and another for their merged thermal, coking coal and ferroalloys businesses. The Swiss commodities giant’s initial proposal for an all-share deal, and a revised offer that sweetens the deal with $8.2 billion in cash as an alternative to shares in the combined coal company, were both rejected by the Canadian miner this month.
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