Australia’s iron ore giants to lean conservative on dividends, analysts say
BHP and Rio Tinto are expected to report earnings flat to slightly lower.
BHP and Rio Tinto are expected to report earnings flat to slightly lower.
Deep sea mining is likely just a matter of time, according to the head of the International Seabed Authority.
A challenge is that seafloor mining immediately starts off at a reputational disadvantage.
Share divestment is a condition required by authorities to extend Vale Indonesia's mining permit, which will otherwise end in 2025.
Prices climbed as much as 1.5% to trade above $8,300 a ton on the London Metal Exchange on Thursday.
The industry saw a significant rise in M&A activity across metals and mining companies in 2023 driven by the global energy transition, a theme Fitch Solutions expects to continue.
Analysts have calculated an additional provision between about $3.5 billion and $3.6 billion to match BHP provisions for the year.
The government will sell rights to about 20 blocks of land to explore for critical metals.
The metal in question is copper produced at the giant Grasberg mine in Indonesia.
The gap in production for energy transition metals provides an opportunity for Canada.