Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.
Iron Ore Mining News
Should the government go ahead with all the recommended shutdowns and suspensions, global supply of nickel will drop by about 8%.
The miner, Africa's largest iron ore producer, will pay R2.5 billion, considerably less than the original R6.5 billion it had been asked to cough up.
Seaborne coal, tin prices are the big exceptions.
Higher commodity exports delivered a record trade surplus of $3.5 billion in December, the second monthly trade surplus Australia has recorded in nearly three years.
While companies face different outlooks and challenges depending on the commodity they mine and their size, Deloitte says they should all should be looking for the answer to one common question — “Going forward, where should we play and how can we win?"
The private space exploration firm has enough money to hit the moon by the end of 2017.
The country, however, was 100% import reliant on 20 mineral commodities, including rare earths, manganese and niobium, which are among a suite of materials often designated as “critical” or “strategic.”
Frank discusses the gold and bond markets and how they have been driven by global uncertainty.
The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.
The company, Africa's largest iron ore producer, expects profits to more than double this year on the back of higher iron ore prices and a weak rand.
Steel the US has traditionally exported to TPP countries is high in value–added, which is exactly the kind of product that helps keeping the high-cost local steelmaking business afloat, analysts warn.
But the world's number one miner cuts full-year copper production guidance.
But at 6.8% in the fourth quarter China's economy "is now expanding faster than is sustainable" says new report.
Western Australia is poised to sign an agreement with a wealthy New Zealand family whose multi-pronged business empire includes a large, undeveloped iron ore deposit.
The amicable divorce ends a six-year-old exploration joint venture originally set to find copper deposits in China.
Companies claim land transfer is de facto expropriation without consultation.
For companies servicing the mining sector, project opportunities have declined significantly in the past few years.
The company has loaded 26,500 tonnes of iron ore onto three ships at the company's port of Ponta de Madeira.
New report says the underlying question for investors lies on the risk/reward balance — whether outstanding geology beats corruption and security issues.
Up 4% on Monday.
Iron ore price holds above $80 a tonne, doubling in value in a year as Chinese cargo volumes jump.
Private capital funds raised $2.1 billion for mining and metals investment in 2016 – this year 13 funds are targeting $10 billion says new study.
World Bank's 2017 outlook says US impact on commodity markets diminished, but it's still number 1 for oil and number 2 in copper, aluminum and lead.
Iron ore back above $80 a tonne while copper price spikes 4%.