Glencore has announced it will halt production at a major cobalt mine in the Democratic Republic of Congo (DRC) after the commodities giant reported its weakest profits in three years for the first half of 2019. The decision to shutter the Mutanda project for two years...
Anglo American has confirmed it will raise its dividend payout by 27% for the six months to June after reporting a 19% jump in core earnings for the first half of 2019. The UK-based mining giant also declared a bonus return for its shareholders via a...
Anglo American announced its 2017 financial results which revealed that the miner reduced its net debt by 47%, putting itself in a position to deliver its biggest dividend in a decade. Net debt fell to US$4.5 billion last year, well below the London-listed firm’s target of...
BP (LSE:BP) latest financial results have exceeded analyst expectations, despite the British oil major taking a hefty hit on an unsuccessful project in Angola. Profits on a replacement cost basis fell by 5% during the second quarter of 2017 to US$684 million, from $720 million in...
Glencore (LSE:GLEN) has joined fellow mining giants BHP Billiton (NYSE:BHP) and Vedanta Resources (LSE:VED) in announcing profitable financial results for 2016 this week. Core earnings at Glencore rose by 18% to US$10.3 billion in 2016 after commodity prices experienced a slight rebound over the year. Net income...
BHP Billiton (NYSE:BHP) and Vedanta Resources (LSE:VED) have both reported profitable results in their latest respective financial reports, reflecting an optimistic turn in the international mining community. BHP, the largest mining firm in the world, returned to net profit for the first half of the 2016-17...
Rio Tinto (ASX:RIO) enjoyed a strong end to 2016, making an overall annual net profit of US$4.6 billion as commodity prices underwent a phase of recovery in the second half of the year. The mining giant’s latest financial performance mark a significant upturn on its 2015...
Royal Dutch Shell’s (LSE:RDSB) full year profits for 2016 were down 37% year-on-year to US$7.185 billion, while its capital spending total was also reduced to $26.9 billion as the company followed a policy of cost-cutting. However, according to its fourth quarter results Europe’s largest oil and...