Shipping gauge shows iron ore, copper prices heading for fall

Drifting into the doldrums? The Baltic Dry Shipping Index came to prominence at the start of the Chinese-led commodity supercycle around a decade ago. The London-based Baltic Exchange tracks the cost of moving commodities along more than 50 routes around the world and the BDI is considered one of the go-to barometers of the global[…]

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

Global miner Anglo American (LON:AAL) was full of good news Thursday as it announced it had doubled its net profit in 2017, slashed debt and said it would pay its highest dividend in a decade, thanks mainly to rising commodity prices and lower costs. The company, the last of the world’s largest miners to report annual[…]

Canada the world's overall top mining destination, despite Saskatchewan fall

Canada is the world’s most attractive region for mining investment, based on the combined rankings of all its provinces and territories, the latest annual global survey of mining executives released Thursday by the Fraser Institute shows. While the Maple Leaf country overtook Australia as regional destination number one, many of its provinces and territories did not fair well[…]

Miners rich in cash are aiming for fat dividends, debt payments

The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors. Three of the big four London-listed miners have released earnings this month, and it’s clear the companies are doing what shareholders have demanded of them. Glencore Plc, which traditionally favored stuffing its war[…]

Glencore gives investors $2.9bn in dividends after ‘strongest’ results ever

Miner and commodities trader Glencore (LON:GLEN) said Wednesday it would pay shareholders $2.9bn in dividends after achieving what it called its “strongest results on record”, which attributed mainly to a sharp recovery on commodity markets and a strong performance from its marketing unit. The 2017 results leave Ivan Glasenberg, the head of the Swiss company, well positioned to[…]

Rio investors asked to push miner to leave Minerals Council of Australia

Shareholders of world’s second largest miner Rio Tinto (ASX, LON:RIO) are being recruited to demand the company quit Australia’s top mining lobby group. The Australasian Centre for Corporate Responsibility (ACCR) is looking to persuade about 100 investors to co-file a resolution at Rio Tinto’s upcoming annual general meeting, in which it will ask the group to leave[…]

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[…]

Rio Tinto autonomous trucks now hauling a quarter of Pilbara material

Mining giant Rio Tinto’s (ASX, LON, NYSE: RIO) driverless trucks fleet has achieved a major milestone as it moved its one-billionth tonne of material in Western Australia’s Pilbara region last month, the company said. The figure corresponds to roughly 25% of both ore and waste material hauled last year across the company’s five sites in[…]

Union at Colombia's Cerrejon votes to strike after talks fail

BOGOTA, Jan 29 (Reuters) – The largest union at Colombia’s top thermal coal mine Cerrejon has voted to strike following failed salary and benefit negotiations with the company, the union said on Monday. Cerrejon accounts for 37 percent of Colombia’s coal output, the world’s fifth-largest exporter of the mineral, and a strike is likely to[…]