Randgold doubles dividend as CEO charges against DRC mining code

Africa-focused gold producer Randgold Resources (LON:RSS) has doubled its full-year dividend after solid 2017 results, but it’s warning the good times may be over soon as it’s now facing demanding new regulations in Congo, one of its key jurisdictions. The company, which has five operating gold mines across west and central Africa, boosted shareholder payout by 100%[…]

Commodity boom has a dark side as cost creep erodes windfall

Mining and metal companies are rediscovering the downside of rallying prices: higher costs. A sharp rebound in commodity markets in the past two years put producers in a profitability sweet spot after years of cost-cutting to cope with low prices. Now, as the upturn matures and the higher cost of energy and other materials starts[…]

These are top-10 global mining trends expected for 2018

To thrive in the mining industry’s historical boom and bust cycle and capitalize on new opportunities, companies must rethink the traditional mining model. (Image: PlusONE| Shutterstock.) In the last 10 years, the mining industry has been on a roller-coaster, with commodity prices reaching both historic highs and lows, as well as operational realities shifting irrevocably[…]

Inflexible land protections rob Nova Scotians of economic opportunity

The Mining Association of Nova Scotia started a public dialogue about the provincial government’s Parks and Protected Areas Plan in these pages in the fall.  Since then, we have issued a series of news releases, maps, videos and pictures which substantiate that the process for choosing protected areas was not perfect and has created two significant issues.[…]

Randgold’s Kibali mine in DRC to achieve full production this year

Africa-focused gold producer Randgold Resources (LON:RSS) said Monday it expected its Democratic Republic of the Congo mine to achieve full production this year, following the commissioning of its underground operation’s automated ore handling and hoisting system. Mine is on track to produce its target of 700,000 ounces of gold in 2018. The company, which has five operating[…]

The periodic table of commodity returns

Jeff Desjardins on January 18, 2018 If for some reason, you still think that the commodity markets are predictable, today’s chart provides a nice piece of humble pie. The Periodic Table of Commodity Returns, which comes to us annually from our friends at U.S. Global Investors, shows the returns of commodities over each year of the past[…]

Mining profits are super-charged and BlackRock wants to get paid

 (Bloomberg) — The world’s mining sector is firing on all cylinders again, and one of it’s biggest investors can’t wait to get paid. After five years of under-performance, a combination of synchronous global growth and under-investment in new supply has driven up commodity prices, increasing cash flow and profit margins for the world’s biggest[…]

Reform overdue to drive growth and protect Australia from future downturn

The National Energy Guarantee has the potential to help policy-makers navigate from the quagmire of policy distortion to the mainstream of market selection of fuels and technologies. In particular, the Reliability Guarantee recognises the reality that industrial users (who account for 70 per cent of national electricity consumption) require affordable and reliable sources of baseload[…]

CHARTS: Big mining's surge in value shames tech giants

Big cap diversified miners are riding a wave of optimism as global growth prospects – especially in manufacturing – continues to strengthen.  Global economic activity as measured by the JP Morgan global manufacturing and services index showed output rising at the fastest pace since March 2015. The manufacturing index has now signalled expansion for a record 82 months[…]

Former Xstrata CEO Mick Davis may become Rio Tinto new chairman

Former Xstrata chief executive Mick Davis, the current leader of Britain’s ruling Conservative Party, is said to be the frontrunner to become Rio Tinto’s new chairman. People familiar with the matter told Sky News the South African-born businessman has held talks with Rio over the position held until the end of the year by retiring chairman Jan[…]