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DIVERSIFIED MINERS

Upbeat Glencore’s shares rise as dividend lifts, share buyback kicks off to analyst adulation

Glencore CEO Ivan Glasenberg Upbeat diversified miner and marketer Glencore, which declared an 11% higher dividend for the six months to June 30 on the back of above-consensus half-year results, has put a $1-billion share buy-back programme under starter’s orders, which has...
20th August 2014
 
DIVERSIFIED MINERS

South Africa gets 200-job sweetener as BHP Billiton spins out Newco

Newco CEO-designate Graham Kerr The world’s largest diversified mining company has created sweeteners for South Africa as it demerges and sets out to create a new global metals company that will have a third of its value made up of Southern African aluminium, manganese and...
19th August 2014
 
DIVERSIFIED MINER

BHP profit increases to $13.4bn in 2014

Diversified miner BHP Billiton has reported a 10% increase in profit for the full year ended June, driven by $2.9-billion productivity-led volume and cost efficiencies. The miner, which on Tuesday also announced the demerger of its aluminium,...
19th August 2014
 
DIVERSIFIED MINER

BHP plans to spin-out assets in new mining co

Andrew Mackenzie Mining giant BHP Billiton on Tuesday announced plans to demerge its aluminium, coal, manganese, nickel and silver assets into an independent metals and mining company. Chairperson Jac Nasser said the proposed demerger, if implemented, would...
19th August 2014
 
DIVERSIFIED MINERS

Major South African assets fail to make cut in BHP Billiton portfolio remake

BHP Billiton CEO Andrew Mackenzie Major South African asset classes have failed to make the cut in BHP Billiton’s latest portfolio remake announcement. Aluminium and manganese have been excluded by implication in BHP Billison's selection of iron-ore, copper, coal – with...
15th August 2014
 
DIVERSIFIED MINER

BHP Billiton says demerger of assets its preferred option

Mining giant BHP Billiton said on Friday that a demerger of selected assets was its preferred way of simplifying its portfolio. The miner, which has been undertaking a portfolio simplification programme over the past decade, and is pursuing...
15th August 2014
 
LEGISLATIVE ENVIRONMENT

Policy dilly-dallying hampering recovery of India’s crisis-stricken mining sector

India’s newly elected government has the difficult task of trying to bridge the divide between the country’s mining potential and its tendency to procrastinate in policy- and decision-making. Delays, corruption, legislative inaction, illegal...
15th August 2014
 
LEGISLATIVE ENVIRONMENT

Policy dilly-dallying hampering recovery of India’s crisis-stricken mining sector

India’s newly elected government has the difficult task of trying to narrow the divide between the country’s mining potential and its tendency to procrastinate in policy and decision-making. Delays, corruption, legislative inaction, illegal...
15th August 2014
 
Mining Services

Australia to use more driverless vehicles

MACHINES DRIVE THE FUTURE
MACHINES DRIVE THE FUTURE
Rio Tinto announced in 2011 that it would own the world’s largest fleet of driverless trucks New research by UK-based information solutions and technologies company Timetric reveals that more autonomous vehicles, also known as driverless vehicles, will be used in large underground and surface iron-ore mines in Australia.
8th August 2014
 
COMMINUTION SOLUTIONS

Metso aiming to expand African footprint

CRUSHING AND SCREENING
Metso Minerals manufactured a 300 t/h crushing and screening plant to Mozambique-based construction company JRC Construction (JRC – Construções e obras púiblicas, SA) last year
With a well-established and strong presence in the African mining industry, comminution solutions company Metso Minerals South Africa, subsidiary of Finland-based Metso Minerals group, plans to further bolster and expand its presence in the...
8th August 2014
 
IRON-ORE

Port Hedland iron-ore exports to China up 4.8% in July

Australian exports of iron-ore to China from Port Hedland, which handles a quarter of the world's seaborne steelmaking material, rebounded in July to hit a record high in a sign of still robust demand, figures released on Thursday showed....
7th August 2014
 
IRON-ORE

Glencore courts Guinea's iron ore treasures – document

Miner and commodity trader Glencore has expressed interest in iron deposits in Guinea, a presentation obtained by Reuters shows, although the company said it had not pitched for a stake in Simandou, the country's largest deposit. Glencore is the...
6th August 2014
 
 
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