Rio Tinto has triggered an arbitration process with billionaire industrialist Sanjeev Gupta’s GFG Alliance because the company did not make final payments for its purchase of the Dunkerque aluminium smelter in France, Rio said on Monday.
Rio sold the…
Rio Tinto takes GFG Alliance to arbitration over outstanding smelter payments Read More »
Notwithstanding a difficult operational period for South Africa’s embattled mining industry, diversified miner African Rainbow Minerals (ARM) increased its headline earnings per share (HEPS) for the financial year ended June 30 by 9% year-on-year to R2…
ARM lifts headline earnings, despite difficulties facing the mining sector Read More »
Diversified miner Independence Group has reported record revenues and underlying earnings after tax, depreciation and amortization (Ebitda) for the full year ended June.
Underlying Ebitda for the full year increased by 1%, to a record A$340.7-million…
Independence reports record revenues Read More »
Diversified miner South32 on Thursday reported a pre-tax impairment charge of $504-million over its South African Energy Coal assets for the year ended June, announcing that it has now entered into exclusive negotiations to divest of this asset.
South…
South32 settles on buyer for SA assets, reports impairment Read More »
Diversified miner South32 on Thursday reported a pre-tax impairment charge of $504-million over its South African Energy Coal assets for the year ended June, announcing that it has now entered into exclusive negotiations to divest of this asset.
South…
South32 settles on buyer for South Africa assets, reports impairment Read More »
The head of the world’s biggest miner BHP said he will "stick up for globalisation" and is more worried about the damage trade tensions are inflicting on the world economy than their impact on demand for the commodities BHP produces.
BHP on Tu…
BHP chief to ‘stick up for globalisation’ as trade tensions bite Read More »
Diversified major BHP has reported a 2% increase in underlying attributable profit for the full year ended June, which reached $9.12-billion, paying a record final dividend of 78c a share.
Underlying earnings before interest, tax, deprecation and amor…
BHP increases profit, pays record dividends Read More »
Rating agency Fitch Solutions believes that diversified miner BHP will benefit from its diversified portfolio of large, long-life and low cost assets as it continues to outperform its peers in terms of liquidity.
Fitch on Wednesday said that BHP’s str…
Fitch positive on BHP outlook Read More »
As plummeting iron-ore prices weighed on Rio Tinto Group’s stock for a seventh-straight trading day, CEO Jean-Sebastien Jacques defended the miner as a “cash machine” that will keep rewarding shareholders.
“We have a cash machine,” the CEO said Thursd…
Rio Tinto CEO defends miner as ‘cash machine’ amid stock retreat Read More »
Mining major Rio Tinto on Thursday reported a 12% increase in underlying earnings for the first half of the 2019 financial year, on the back of strong iron-ore prices.
Underlying earnings for the half-year reached $4.93-billion, up from $4.41-billion …
Iron-ore boosts Rio Tinto’s half-year results Read More »
