Miners rich in cash are aiming for fat dividends, debt payments
The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.
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Glencore gives investors $2.9bn in dividends after ‘strongest’ results ever
The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.
Fortescue Metals half-year profit plunges 44%
Fortescue Metals was hit by weak prices for its lower quality iron ore, and said it remains focused on cutting costs, including lining up cheaper debt.
Gold price drops most since December 2016
Financial market volatility spreads to gold.
BHP sees faster shale sale in race to exit $10 billion unit
The company expects initial bids for the assets in the June quarter, according to a statement Tuesday.
BHP CEO will meet with activist Elliott to discuss demands
BHP’s first-half results missed analysts’ expectations and the shares fell 4.6 percent, on pace for the biggest daily drop since April.
Tanzania’s new mining rules impose restrictions on foreign banks, insurers
Tanzania is seeking to take more of the profits from its vast mineral resources by overhauling the fiscal and regulatory regime of its mining sector.
Eramet eyes expansion in electric vehicle metals
Eramet is actively looking at acquisition targets after previously acquiring a lithium deposit in Argentina.
Randgold looks to the Americas in quest to diversify
Flush with cash, Randgold is on the hunt for gold mines outside Africa.