jueves, 22 de febrero de 2018

Anglo "shows off" — doubles profits, halves debt, pays highest divvy in a decade

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Europe News Digest
Friday 23 February 2018
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Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.

A test sale was conducted and, according to the Minister of Mines, it was a total success.

The CEO of Mandalay dubbed 2017 as a challenging year for his company.

The unit of Anglo American intends to mine as much as 36 million carats this year, up from 33.5 million in 2017.

That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.

Electronics and car makers are racing to lock in supply agreements for cobalt amid fears of shortage.

The Swiss miner and commodities trader Glencore said its solid finances will let it to pursue more acquisitions if opportunities arise.

Asia's No.1 carmaker has developed a magnet that reduces dependence on neodymium, a key rare earth metal used in the world's most powerful batteries for electric vehicles.

The biggest gold mine in the European Union is getting a new lease on life, thanks to a shaft sinking project that will increase throughput by 25%.

With the acquisition of Capstone's Minto mine, Pembridge Resources is set to become a cash flow generating copper producer.

Artisanal and Small-Scale Mining (ASM) has become a major of revenue for millions of people in about 80 countries worldwide, with more than 100 million people currently depending on the activity for their livelihoods. But at what costs?

New gemstones mining and marketing company is stepping up efforts to kick off operations at some of its key assets and help organize what it calls "a highly disorganized and fragmented industry."

As part of Gemfields' philosophy of "total transparency", the company revealed is facing claims of human rights abuses in Mozambique, where it mines rubies.

Charge is due to due to cuts in the US Federal corporate income tax rate, the world's biggest mining company said.

The firm is also trying to halve use of cobalt in batteries from around 20% by raising the proportion of nickel, and it will start researching on development of nearly cobalt-free batteries.

Canada's largest energy producer also buys into Norwegian Sea oil project.

Mining bitcoins requires a great deal of computing power which in turn needs a lot of electricity to solve the computational puzzles that reward miners with cryptocurrency. 

"The aim is to secure the supply all the way down to the level of the mine, for 10 years."

The three-times delayed $5 million-deal should help the miner dodge bankruptcy for its units in the West African country.

New report shows money continues to pour into gold-backed exchange traded funds with North American investors responsible for 75% of January inflows.

Company's shares fell as much as 5.5% on the news that the Indian Supreme Court had cancelled all the 88 existing iron ore mining licences in the Indian coastal state of Goa.

The 102.34-carat white diamond is thought to be worth considerably more than previous auction records for similar pieces.

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

New report shows world's mines produced all-time peak of 105 million troy ounces of gold in 2017 despite 9% drop in output in top producer China.

3D printing, also known as additive manufacturing, is a process of making three-dimensional solid objects from a digital file and Sandvik wants to use it for scale production.

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

The company, which last month found the world's fifth-biggest diamond in history at its flagship Letšeng mine in Lesotho, sold 21% more rocks in last quarter of 2017.

Egypt-focused gold miner is paying a final dividend of 10 US cents per share, or a total of $144 million, as it vowed to return all of its excess cash to investors.

Consulting firm Deloitte has published what it says will be the top-10 global trends in the mining industry this year.

Last year, the miner sold other coal assets that exclusively supplied South Africa's power utility Eskom, including New Vaal, New Denmark and Kriel collieries.

Rio Tinto, the second biggest miner by market capitalisation, has listings in London and Australia, a headquarters in London and an Australian office.

Russia has overtaken China as the fifth-biggest sovereign holder of gold.

The mining industry is awash with cash, and so far it's got two main uses — pay down debt and reward investors.

Eramet is actively looking at acquisition targets after previously acquiring a lithium deposit in Argentina.

Flush with cash, Randgold is on the hunt for gold mines outside Africa.

Sweden will step up efforts to find precious minerals such as cobalt and lithium, key battery components that are in demand among makers of EVs.

This year's Corruption Perceptions Index highlights that the majority of countries are making little or no progress in ending corruption.

The Multiflo® RF range includes seven new units, each designed to maximise efficiency no matter the application.

Three billionaires faced off in London court on Friday in a conflict triggered by Roman Abramovich's desire to sell his stake in MMC Norilsk Nickel PJSC.

Data shows that two years after the worst of the raw materials slump is over, investors are still not ready to pour in fresh funds despite a price rally.

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