MINING.COM

Rio Tinto down despite $7.2bn cash return to investors

Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts.

Cecilia Jamasmie | August 1, 2018 | 3:46 am

BHP, Rio deals show lack of options beyond shareholder returns: Russell

BHP Billiton last week agreed to sell its U.S. shale oil and gas assets for $10.5 billion, while Rio Tinto appears on track to exit its troubled investment in the giant Grasberg copper and gold mine in Indonesia for about $3.5 billion.

Reuters | July 31, 2018 | 4:52 am

Caterpillar says tariffs will wipe out up to $200M

Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019.

Cecilia Jamasmie | July 30, 2018 | 3:22 am

Environmentalists worried about prospecting in New Zealand’s South Island

The government lifted a moratorium for prospecting permits on 7,828 square kilometres on the northern part of the South Island.

Valentina Ruiz Leotaud | July 29, 2018 | 2:12 pm

Will BHP’s CEO follow Top Miner’s shale unit out of the door?

BHP Billiton Ltd.’s $10.8 billion of deals to exit its troubled U.S. shale unit will allow Chief Executive Officer Andrew Mackenzie to shower investors with returns. It may also be a chance for him to bow out on top.

Bloomberg News | July 27, 2018 | 1:07 pm

Chinese investors plan $10 bn metallurgical complex in South Africa

South Africa's President Cyril Ramaphosa on investment drive.

Reuters | July 27, 2018 | 10:33 am

Kumba brings in targeted dividend policy, flags SA rail issues

The iron-ore mining company is introducing a targeted dividend ratio policy of 50 to 75% of headline earnings.

Reuters | July 24, 2018 | 8:00 am

Canada scaring mining investors with long, unclear permit processes

Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years.

Cecilia Jamasmie | July 24, 2018 | 1:58 am

BHP to fight class action over Samarco dam failure

Law firm leading the action says it has more than 3,000 investors signed up to pursue the miner for losses.

Cecilia Jamasmie | July 23, 2018 | 7:35 am

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Ancient sites, sacred snake raise risks for Australian resources

Water crisis threatens iron transport on key Brazil river

Iron ore price down on China’s forecasted steel output decline

China demand powers Fortescue shipments to record, beats annual estimate

Vale revises down year-end iron ore output

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