jueves, 3 de agosto de 2017

Rio Tinto’s first-half profit soars 93%, investors getting $3bn back

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Mining News Digest
Thursday 3 August 2017
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The company will return a total of $3 billion to shareholders: $2 billion on the dividend side and $1 billion of share buybacks.

Miner said country offers more favourable conditions to start new projects than Chile, where Antofagasta has majority stakes in four copper mines and has just opened a new one — Antucoya.

Former rival bidder Glencore will subscribe to $300 million worth of the rights offer.

A federal court in Argentina has ruled that the country's Supreme Court should evaluate the government's request to suspend operations at Barrick Gold Corp's Veladero mine

Provinces and territories, beginning by Ontario, need to follow the lead of Nunavut, where Inuit communities have benefitted from successful gold and iron ore mines.

Zimbabwe has filed a court application to enforce a previous notice to seize more than half of platinum producer Zimplats' mining land, the company said on Wednesday.

Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel.

Company remains on track to meet annual production and cost guidance; Strengthened balance sheet, with liquidity position of approximately $2.5 billion

Surface sampling at a Northwest Territories gold and silver property, located in the shadow of several large past-producing mines, has revealed some high-grade results.

De Beers says it sets the bar very high for its technology and expects that each instrument it releases is tested to the highest possible standards, while also being fast, efficient and affordable.

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