The miner, South Africa’s largest gold producer, said that in the absence of a dividend, it’ll give investors two new shares for every 100 held.
Iron Ore Mining News
Brazil's government will revise a decree that opened up a vast mineral reserve in the Amazon rainforest to mining responding to overwhelming criticism.
The region, preserved as a national reserve for more than three decades, is thought to be rich in gold, iron ore, copper and other minerals.
Controversial director Grant King is stepping down, only six months after joining the company amid concerns among investors over oil investments.
Prices for the steelmaking material have increased almost 50% since its 2017 lows.
After posting a fourfold rise in profits, world's number one mining company now "actively pursuing options to exit" its US oil and gas business bought for $20B six years ago.
World number 4 iron ore miner Fortescue Metals Group said on Monday it will pay a record-high final dividend after more than doubling its annual profit, and plans to give more of its profits to shareholders in the future.
Another big day on Chinese futures markets as seaborne iron ore prices approach $80 a tonne.
A committee of six ministers pointed to numerous flaws with the project, including severe impact to a Humboldt penguin reserve.
Experts and mining companies fear some of the modifications that go in effect in November, will result in hefty taxes, higher research costs and decrease interest from foreign investors.
There are several encouraging signs for the mining outlook in Australia.
Israeli diamond billionaire Beny Steinmetz, four others, in custody of Israeli police on suspicion of fraud, forgery, obstruction of justice and bribery.
ArcelorMittal South Africa is considering job cuts and restructuring to save costs in a challenging global steel market and recession at home, it said on Tuesday.
Bigger-than-expected shareholder support in Vale SA's stock conversion plan could lead the world's No. 1 iron ore producer to accelerate the listing of common shares in Brazil's strictest market segment and lure a boarder base of investors.
Trans-Tasman is now allowed to recover resources from the country’s Exclusive Economic Zone
Tata Steel has just inaugurated India’s first solar power project located at an iron ore mine
Iron ore price has surged by more than 40% in less than two months as Chinese steelmakers chase high-grade imports.
The steelmaking raw material hit its highest level since April driven by the demand of China’s steel industry
Chalkstone was born out of counter-insurgency tactics used by troops in Afghanistan, but its unique methodology is now being used by miners, which can map-out power structures and counter the potentially crippling risk of strikes and political opposition.
Provinces and territories, beginning by Ontario, need to follow the lead of Nunavut, where Inuit communities have benefitted from successful gold and iron ore mines.
The company will return a total of $3 billion to shareholders: $2 billion on the dividend side and $1 billion of share buybacks.
Brad Halverson has spent nearly three decades with the mining and construction equipment maker.
Brazilian newspaper had claimed BHP was selling its stake in the Samarco iron ore mine to its partner Vale.
Ore with 62% content in Qingdao jumped 7.2% to $73.70 a tonne, according to the Metal Bulletin, the highest price since April 11 and the largest one-day percentage gain since December 1, 2016.