MINING.COM

Rio Tinto pays biggest divvy in history as profit hits three-year high

Mining giant posts 90% increase in profit amid what CEO Jean-Sébastien Jacques calls “resilient” commodity prices.

Cecilia Jamasmie | February 7, 2018 | 5:33 am

Anglo takes down South Africa sale sign and may even buy

Anglo raised the possibility it could start buying assets in SA, the latest sign of how much has changed in two years, when the miner was focused on selling.

Bloomberg News | February 5, 2018 | 11:52 am

Rio investors asked to push miner to leave Minerals Council of Australia

Australasian Centre for Corporate Responsibility says it needs 100 shareholders to co-file resolution at Rio’s upcoming annual general meeting.

Cecilia Jamasmie | February 5, 2018 | 11:29 am

Commodity boom has a dark side as cost creep erodes windfall

Mining and metal companies are rediscovering the downside of rallying prices: higher costs.

Bloomberg News | February 2, 2018 | 7:00 am

Sibanye-Stillwater trapped miners brought to surface safely

The National Union of Metalworkers of South Africa (Numsa) is demanding that Beatrix gold mine remains closed pending a probe and has asked the South African government to investigate why the operation apparently didn’t have a backup generator.

Cecilia Jamasmie | February 2, 2018 | 3:45 am

Goldman all but says the mining supercycle is back

“The environment for investing in commodities is the best since 2004-2008” – Goldman Sachs

Frik Els | February 2, 2018 | 2:29 am

Brazilian prosecutors say Anglo’s sale of Amapa iron ore shady

They also claim miner offloaded the asset to avoid paying for environmental damage caused by an accident at its floating dock, which killed six people and dragged vehicles, equipment and large amounts of iron ore into the Amazon River.

Cecilia Jamasmie | February 1, 2018 | 7:27 am