MINING.COM

Miner Fortescue returns record dividend as profit leaps

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.

Reuters | August 21, 2017 | 3:20 pm

Iron ore price jumps again – up 47% in two months

Another big day on Chinese futures markets as seaborne iron ore prices approach $80 a tonne.

Frik Els | August 21, 2017 | 3:20 pm

Gold was chemically destined to be money all along

I think most of you reading this right now are aware that gold is unlike any other metal, certainly any other element.

Frank Holmes - U.S. Global Investors | August 21, 2017 | 1:52 pm

Zambia restores full power supply to First Quantum mines

Zambia's state power company reduced electricity supply to two First Quantum copper mines because the mining firm had failed to pay the new flat electricity tariff.

Reuters | August 21, 2017 | 12:46 pm

Copper price rallies after Grasberg violence

Copper above $3.00 after former workers torch dozens of buildings, vehicles at Freeport's Indonesia operations blocking access to world number two mine.

Frik Els | August 21, 2017 | 11:27 am

Costs related to layoffs, lawsuit, take toll on AngloGold results

The miner, Africa's biggest gold producer, reported a loss of $176 million in the six months to June 30, compared to a profit of $52 million in the same period last year.

Cecilia Jamasmie | August 21, 2017 | 8:32 am

Chile rejects divisive $2.5 billion Dominga copper-iron ore project

A committee of six ministers pointed to numerous flaws with the project, including severe impact to a Humboldt penguin reserve.

Cecilia Jamasmie | August 21, 2017 | 5:59 am

More than 200 workers to go at Sandvik Materials Technology unit

Measure is part of a broader plan to restore profitability at the division, which saw adjusted operating profit fell by 37% in the second quarter of this year.

Cecilia Jamasmie | August 21, 2017 | 3:26 am