The Mechanics of Optimism: Mining Companies, Technology, and the Hot Spring Gold Rush, Montana Territory, 1864-1868

2006 ◽  
Vol 37 (1) ◽  
pp. 96
Author(s):  
David A. Wolff ◽  
Jeffrey J. Safford
Author(s):  
Pat Foley ◽  
Danny Samson

On August 16, 1999, the world’s first Internet commodity exchange-traded metals sale took place when WMC, an Australian resources company, sold five tons of cobalt at $18.25 a pound. Some metal traders had been buying and selling steel through Web sites, however, commodity exchange-traded metals had lagged behind the steel industry in the use of e-commerce, with most nonferrous companies and exchanges offering only information on products and services through the Web while continuing to trade using standard processes. WMC had introduced electronic commerce to one of the world’s oldest industries and became the first metal producer to use the Internet to support the marketing of nonferrous metals. This was only the beginning for WMC. In the mid- and late 1990s, high-technology e-stocks boomed. There were excited discussions about a new economy that was commonly presumed to be immune to the cyclical problems that confronted the resource sector. As the resource shares were declining, commentators were talking about an Internet gold rush. A new-economy gold fever had gripped investors. Mining companies were treated as relics of an old economy. They were seen as old-economy companies using rusting-edge practices that reflected their dinosaur-sized machinery. It seemed inconceivable that a mining company could sell a larger tonnage of product over the Internet than Amazon.com and make a profit that Amazon had not yet achieved


Author(s):  
Ryan Hall

This chapter demonstrates how tensions escalated between Blackfoot people and newcomers between 1861 and 1870. The Montana Gold Rush, increased settlement, the U.S. Civil War, and the collapse of the fur trade narrowed Blackfoot avenues for diplomacy during the early 1860s. In the late 1860s these escalating tensions exploded into open conflict in what had recently become Montana Territory, culminating in the U.S. Army’s massacre of an entire Piikani band in 1870, known as the Marias Massacre. The massacre, coupled with a devastating smallpox outbreak and settler pressure, devastated Blackfoot people’s ability to resist American expansion. By the 1870s, Blackfoot people in Montana faced little choice but to settle on a shrinking reservation or flee across the border to Canada.


2019 ◽  
Vol 15 (1) ◽  
pp. 68
Author(s):  
Sari Angriany Natonis ◽  
Bambang Tjahjadi

Time period in completing the audit work until the date of publishing audit report is called audit report lag. BAPEPAM requires each of going-public companies to publish their annual reports not later than three months after the fiscal year ends. The aim of this research was to determine the effect of profitability, solvency, company size, audit opinion, and size of public accounting firm on audit report lag at mining companies listed on Indonesia Stock Exchange during the period of 2013-2017. As many as 12 samples were obtained through purposive sampling technique. The data analysis technique used was the multiple regression analysis. The results showed that the profitability and company size negatively affected the audit report lag, while the other variables, such as solvency, audit opinion, and size of public accounting firm, had no significant effect on the audit report. The result of simultaneous test showed that all independent variables influenced audit report lag with 32.8% of determination coefficient.


1998 ◽  
Author(s):  
Janice T. Driesbach ◽  
Harvey L. Jones ◽  
Katherine Church Holland
Keyword(s):  

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