Lower iron, nickel and copper prices weigh on Vale’s quarterly earnings
Brazilian miner Vale on Wednesday said lower prices for iron ore, nickel and copper in the first quarter dragged down earnings compared to the year before, as it posted net profit slightly below analyst estimates.
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Zimbabwe lithium export earnings treble as projects take off
Mining News Pro - Zimbabwe earned $209 million from lithium exports in the first nine months of 2023, nearly treble last year’s earnings, Mines Minister Zhemu Soda said on Wednesday, as Chinese-driven mining and processing projects take off.
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SQM sees similar lithium prices going forward after earnings dip
Mining News Pro - The CEO of Chilean lithium miner SQM expects prices for the key battery metal to hold steady in the third quarter from the previous one, he said on Thursday, while predicting demand would keep growing.
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First Quantum’s issues in Panama hit earnings
Mining News Pro - First Quantum Minerals’ earnings in the first quarter of the year fell by more than 80% to $75 million from the $385 million recorded in the same period last year after a series of issues affecting the company’s top three operations.
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Cameco on the front foot as earnings soar
Mining News Pro - Shares in Canada’s uranium major, Cameco, gained nearly 10% on Wednesday after the company reported higher core profit than expected amid an uptick in uranium prices.
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Vale earnings disappoint as miners grapple with stagflation
Mining News Pro - Vale SA struggled more than expected with deteriorating iron ore conditions last quarter, delivering earnings that trailed estimates on rising costs and weaker prices of the steelmaking ingredient.
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Australia sees global uncertainty driving resource export earnings to record
Mining News Pro - Australia’s mining and energy export earnings are forecast to reach a record A$425 billion ($318 billion) in 2021-22, although prices of its key iron ore shipments are expected to ease, the government said on Monday.
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Visit: 459
Barrick Gold announces $1bn buyback as quarterly earnings jump
Mining News Pro - Barrick Gold Corp on Wednesday announced a share buyback of up to $1 billion as the miner’s fourth-quarter results beat analysts’ estimates following strong production at its Nevada mines and a smaller tax take than expected.
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Visit: 756
Australia sees energy shortages driving record resource export earnings
Mining News Pro - Australia has raised its outlook for mining and energy export earnings to a record A$379 billion ($272 billion) for the current fiscal year as coal and gas shortages in China and Europe pump up prices, the government said on Monday.
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Visit: 440
Northam Platinum’s headline earnings soar 215%
Mining News Pro - The normalised headline earnings of platinum group metals (PGMs) mining company Northam Platinum soared by more than 215% to R10.9-billion in the 12 months to June 30.
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ARM earnings soar 136%
Mining News Pro - The headline earnings of diversified mining company African Rainbow Minerals (ARM) soared 136% to R13-billion in the 12 months to June 30.
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ABS shows jobs and earnings ride COVID turbulence
Mining News Pro - Employment and wages have shown promising signs in the mining industry, with a return to record total full-time earnings, according to an Australian Bureau of Statistics (ABS) report for May 2021.
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Gold Fields' half-year earnings up 33%, interim dividend lifted
Mining News Pro - Gold mining company Gold Fields on Thursday announced 33% higher normalised half-year earnings to $431-million, which has opened the way for the declaration of an increased interim dividend.
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Visit: 395
Merafe’s ferrochrome earnings rocket on strong demand
Mining News Pro - Ferrochrome company Merafe on Tuesday reported an after-tax profit of R576-million in the six months to June 30 compared with a loss of R961-million in the prior comparative period.
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World-beating Anglo reports record half-year earnings of $12.1bn
Mining News Pro - Diversified mining company Anglo American on Thursday reported a record half-year financial performance in its position as the best of the world’s top-five global mining companies.
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Amplats expects interim headline earnings to increase to at least R45.5bn
Mining News Pro - Anglo American Platinum (Amplats) expects to report a 560% to 578% year-on-year increase in headline earnings for the six months ended June 30.
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Aveng sustains earnings recovery into second half
Mining News Pro - Infrastructure and contract mining group Aveng reports that its earnings recovery – initially reflected in December interim results that showed positive earnings for the first time since 2014 – is continuing.
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Visit: 519
Big jump in earnings margin generates strong cash for Harmony Gold
Mining News Pro - Gold mining company Harmony Gold has delivered another strong set of operational results year-on-year on the back of the integration of AngloGold Ashanti assets into its portfolio and a stronger rand per kilogram gold price.
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Visit: 581
AngloGold Q1 earnings rise to $203m despite lower production, higher costs
Mining News Pro - Gold mining company AngloGold Ashanti reported first quarter (Q1) headline earnings of $203-million, driven by the higher gold price.
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Alphamin achieves record $36m quarterly earnings
Mining News Pro - Alphamin has generated a new quarterly record earnings before taxes, interest, depreciation and amortisation (Ebitda) of $36.5-million for the first quarter of the year.
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Visit: 589
US thermal coal earnings to rise, with some ESG risk caveats
Mining News Pro - Earnings for US-based thermal coal producers will improve in 2021, Moody’s Investor Service predicts in its latest industry report. Specifically, domestic coal consumption will increase by 5%-10% in 2021, and US thermal coal producers will generate stronger earnings and cash flow, facilitating modest debt reduction for certain stronger producers and some producers’ transitions toward metallurgical coal production, the researcher said.
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Visit: 753
African Rainbow Minerals` earnings soar 134%, interim dividend declared
Mining News Pro - Despite Covid-19-related global economic challenges and uncertainty, African Rainbow Minerals (ARM) on Wednesday reported record headline earnings of R5 039-million for the six months to December 31.
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Visit: 759
Implats` earnings soar 328%, record R7.9bn interim dividend declared
Mining News Pro - Buoyed by the high rand platinum group metals (PGMs) basket price, Impala Platinum Holdings Limited (Implats) has posted a 328% increase in headline earnings and declared a record interim dividend of R7.9-billion on a strong production, safety and sales performance.
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Anglo American Platinum’s net cash soars, record earnings, R9.4bn dividend
Mining News Pro - Platinum mining and marketing company Anglo American Platinum on Monday reported record annual earnings, soaring cash and a 72% return on capital employed, resulting in a dividend payout of R9.4-billion.
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Visit: 774
DRDGold declares 60%-higher dividend on soaring earnings
Mining News Pro - Surface gold recovery company DRDGold has declared an interim cash dividend on soaring six-month earnings.
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Visit: 701