JSE-listed miner Kumba Iron Ore delivered a payout ratio of 92% of headline earnings per share (HEPS) for the year ended December 31, exceeding its 50% to 75% dividend payout policy.
The company declared a final cash dividend of R15.99 apiece, which,…
Kumba pays out 92% of HEPS to shareholders as iron-ore prices lift earnings Read More »
Diversified giant Rio Tinto has downgraded its iron-ore export expectations for the full 2020, in the wake of Tropical Cyclone Damien.
The miner on Tuesday noted that the cyclone had caused infrastructure damage across its entire Pilbara network, inc…
Rio downgrades iron-ore expectations after cyclone Read More »
Diversified mining company Rio Tinto is investing in its first company-owned solar facility, with about 100 000 solar panels set to supply electricity to its new Koodaideri mine in Australia’s Pilbara.
The company is investing $98-million in a 34 MW s…
Rio Tinto to build 34 MW solar plant at Pilbara mine Read More »
Exploration and development company Beowulf Mining is considering “all options to take legal action” against the government of Sweden, but said on Thursday that it had not taken a decision yet.
CEO Kurt Budge confirmed that the board of Beowulf met in…
Beowulf considering ‘all legal options’ over stalled Swedish project Read More »
The Indian government has beefed up security in the central state of Chhattisgarh to increase protection of iron-ore mining assets in the region from threats posed by ultra-left-wing extremists. Besides increasing deployment of central paramilitary per…
India employs UAVs to protect Chhattisgarh iron-ore mines Read More »
Brazil’s Vale on Tuesday posted a sharp output decline and $671-million in net additional provisions stemming from a deadly dam burst about a year ago, underlining the enduring effects of the incident on the iron ore giant.
In a statement, the compan…
Vale loses spot as world’s top iron-ore producer Read More »
Brazil’s Vale on Tuesday posted a sharp output decline and $671-million in net additional provisions stemming from a deadly dam burst about a year ago, underlining the enduring effects of the incident on the iron ore giant.
In a statement, the compan…
Vale loses spot as world’s top iron-ore producer to Rio Tinto Read More »
Brazil’s Vale said on Tuesday its fourth-quarter iron ore production fell 22.4% from a year ago, as the company continues to ramp up operations following a deadly dam burst in early 2019.
In a securities filing, Vale said it produced 78.344-million to…
Vale Q4 iron-ore output falls 22.4% y/y following dam disaster Read More »
Australia’s key iron exporting ports have been cleared ahead of a cyclone that is due to make landfall on Saturday, the port authority said on Friday.
"The Port of Port Hedland has moved to Cyclone Alert Stage 3 – Clear Port," Pilbara Ports Au…
Australia’s iron-ore ports cleared ahead of cyclone – Pilbara Ports Authority Read More »
For years, the massive iron deposits under Guinea’s mountainous jungle were practically forgotten by the mining industry. Caught up in wrangles between owners and authorities in the West African nation, it seemed the super-rich ore might never be dug u…
The race is on for iron-ore riches buried under an African jungle Read More »
