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Newmont poised for growth
TORONTO: Newmont Mining Corp laid out plans on Thursday for new projects to grow gold production and cut costs, while reporting market-beating profits and output forecasts that position it to take the title of world’s largest bullion producer in 2018. Newmont, whose 2017 production slightly lagged industry leader Barrick Gold, boosted its 2018 capital budget by $300 million, to $1.2-$1.3 billion, after approving a power project
 
 
Soyabeans ending 35 years of corn dominance
ARLINGTON: US farmers will plant the same amount of soyabeans and corn this spring, the US Department of Agriculture projected, potentially marking the first time since 1983 that corn has not been the nation’s top crop. Soyabeans have gained favour among US farmers as rising global demand, especially from China, the world’s biggest soya consumer, has made the oilseed more profitable to grow. The United States is the world’s
   
Stronger rand creates headwind for Anglo American
LONDON: Anglo American said annual earnings rose 45 per cent and net debt halved as the miner rebounded from a commodities slump and said it had become a fundamentally different business focused on productivity. All the major miners have reported a recovery from the 2015-16 crash in commodities prices, announcing increased returns for shareholders and lower debt, while promising to avoid the spending sprees that piled on
 
 
Rate of growth in sales for new cars and trucks in California slows
California: For the third straight year, sales for new cars and trucks in California exceeded 2 million and the forecast for 2018 anticipates the number to top 2 million again but just barely, as the rate of growth is slowing. New vehicle registrations reached 2.047 million units in 2017, down from 2.088 million in 2015, which was one of the strongest years ever recorded by the California New Car Dealers Association (CNCDA),
   
French Valeo to invest more in future vehicle technologies
PARIS: French auto parts maker Valeo said profit fell in the second half of 2017 as it faced adverse exchange rates and raw material prices, invested more in future vehicle technologies and took a one-off charge related to US tax cuts. Valeo has positioned itself to benefit from a widespread regulatory emissions crackdown, thanks to its push into electrification and other fuel-saving vehicle technologies. It has also become a
 
 
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