Vale set to join peers in doling out more mining windfall
Bloomberg’s Dividend Forecasting team is projecting Vale will increase its payout to 2.697 reais a share from 1.41 reais in September.
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Head of Nornickel’s Arctic processing plant placed under house arrest
A section of the plant collapsed on Feb. 20 killing three workers during renovation works.
Gold price extends decline on surging bond yields
Ten-year US Treasury yields climbed to the highest in a year on Thursday, making gold less competitive as it does not bear interest.
Aboriginal Australian group encouraged but wary of South32’s engagement
CEO Graham Kerr said the miner had increased its interactions with the Noongar people over the development of its Hotham bauxite mine.
KAZ sees earnings rise despite output dip
Company said copper output, which dipped to 306,000 tonnes in 2020 from 311,000 tonnes in 2019, was expected to slip further in 2021 to between 275,000 and 295,000 tonnes.
Implats half-year profit surges, hikes dividend
The precious metals miner declared an interim dividend of 10 rand ($0.69) per share, compared with 1.25 rand in the year-ago period.
Deal for key metal in EV revolution brought bonanza for newcomer
A transfer of lucrative cobalt and copper assets by the Democratic Republic of Congo’s state mining company enabled a little-known investor to make $40 million within weeks.
How high can copper price fly? this metals trader expects $12,000
Current prices would seem “far too low” if governments fulfill pledges for green infrastructure and electric-vehicle incentives, Concord Resources said.
Chinese broker Shanghai Dalu holds top long position in INE copper
The brokerage’s large bullish bets have startled some traders as prices for copper, widely used in power and construction, hit 9-1/2-year highs.
