Brazil’s government intends to make the mining giant Vale "private again" by pushing out pension funds of State-controlled companies, a senior official said on Wednesday. Shares rose.
"Vale is a State company. Pension funds controlled by t…
Brazil govt sets sights on Vale in ‘reprivatisation’ push Read More »
Canada’s Teck Resources, the world’s second-biggest exporter of steel-making coal, posted a lower-than-expected quarterly profit on Wednesday, hurt by weak prices for heavy crude and base metals.
Transportation bottlenecks in the country have pushed p…
Teck misses profit estimates on lower oil, metal prices Read More »
Diversified miner South32 has announced the election of Karen Wood as chair elect, to succeed David Crawford, effective from April 12.
Crawford is expected to retire as chairperson and non-executive director of South32.
South32 taps new chairperson Read More »
Global trader Glencore said on Wednesday that production at two of its Australian coal operations has been affected by heavy rain that has caused flooding in northern parts of Queensland state.
"We have experienced short-term production impacts fr…
Glencore says heavy rain disrupts operations at two Australian coal mines Read More »
Diversified miner Independence Group has delivered a record quarter at its Nova nickel and Tropicana gold projects, in Western Australia.
The ASX-listed company this week reported that nickel production from the Nova operation reached 7 574 t during t…
IGO reports record production Read More »
Canada’s largest diversified miner has warned of an after-tax loss of C$86-million, or C$0.15 a share, for the fourth quarter, which is “significantly” below current consensus estimates. The loss warning follows the disappointing fourth-quarter financi…
Teck says Q4 earnings ‘significantly’ short of consensus Read More »
Australia’s federal court ruled against BHP Group Ltd on Tuesday over whether the global miner should pay tax in Australia on profits made by its marketing arm on the sale of commodities owned by the company’s UK side, BHP Group Plc.
BHP, which has a …
Australia wins appeal against BHP over tax owed by marketing arm Read More »
Mining major BHP on Tuesday reported that its bottom-line has been hit with some $600-million following a train derailment at its Western Australian iron-ore operations in November, and other ‘unplanned’ production outages at its Olympic Dam and Spence…
Iron-ore train derailment, copper outages hit BHP bottom line Read More »
Diversified major Rio Tinto has reported higher iron-ore and copper production for the quarter ended December, with other commodities remaining stable.
“We delivered a solid operational performance in the final quarter of 2018, in particular across ou…
Rio Tinto’s copper output, iron-ore shipments rise Read More »
Diversified miner South32 has reported a solid production performance in the December quarter, with the miner maintaining its production guidance for the full year to June 2019.
“We achieved a strong quarter of production, maintaining full-year guidan…
South32 delivers sold Q2 results; announces leadership shuffle Read More »
