News for Glencore PLC (8GC.BE)

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DUBLIN, March 5, 2021 /PRNewswire/ -- The 'Mining Global Market Report 2021: COVID-19 Impact and Recovery to 2030' report has been added to Resear...

DUBLIN, March 5, 2021 /PRNewswire/ -- The "Mining Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to

Colombian coal mine Cerrejon said on Friday it has signed an agreement with a Wayuu indigenous community to comply with court-ordered environmental and health requirements. The... | February 26, 2021

VANCOUVER, BC, Feb. 25, 2021 /CNW/ - Trevali Mining Corporation ('Trevali' or the 'Company') (TSX: TV) (BVL: TV) (OTCQX: TREVF) (Frankfurt: 4TI) t...

(Bloomberg) -- Anglo American Plc reported earnings that were little changed from a year earlier and beat expectations, after a wider commodity rally helped balance out another difficult year for its diamond business and a collapse in coal profits.The company is the last of the major miners to report earnings in what’s been a bumper season for investors, with BHP Group and Rio Tinto Group already handing back record dividends. The payouts, along with a recent surge in metal prices, have stoked fresh speculation about a new commodities supercycle, driven by tight supplies and strong demand as the world moves to decarbonize.So far Anglo’s returns have been more muted then some of its rivals, while it’s been more aggressive about pursuing growth. The company is planning to finish building a giant new copper mine in Peru next year and is also developing a potash mine in the U.K.It’s also the most diversified of the big miners, producing products like platinum and diamonds that tend to flatten out its earnings. This year, its De Beers diamond unit reported its smallest profit since at least the early 2000s, and coal earnings plunged after weaker prices and production setbacks in Australia.Anglo will return 72 cents a share to investors, after the century-old mining company cashed in on surging prices for iron ore, palladium and copper. The dividend -- which is calculated as 40% of underlying earnings -- compared with 47 cents a year earlier. However, when including the interim dividend, the total for 2020 will be lower than 2019.Anglo rose as much as 4.6% to the highest in almost a decade amid a wider rally in mining stocks. The company reported underlying earnings of $9.8 billion compared with $10 billion a year earlier.“While Anglo’s dividend is solid, it could have paid more,” said Ben Davis, an analyst at Liberum. “It’s clearly positioning itself more towards growth than rivals BHP and Rio.”Copper touched the highest since 2011 Thursday as investors bet a raft of measures to boost growth will see consumption outstrip near-term supply. Prices of other commodities such as oil and iron ore have also surged, while mining stocks are at the highest in a decade.“The fundamentals for commodities are strong, demand across most sectors is very good and supply is constrained,” Anglo’s Chief Executive Officer Mark Cutifani told reporters Thursday. “We think the market is in a good place.”(Updates with analyst comment in seventh paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Piraeus, Greece, Feb. 22, 2021 (GLOBE NEWSWIRE) -- GasLog Ltd. and its subsidiaries ("GasLog", "Group" or "Company") (NYSE:GLOG), an international owner, ...

(Bloomberg) -- Rio Tinto Group, the world’s top iron ore producer, posted its biggest annual profit in nine years and will pay out a record $9 billion in dividends, as global miners cash in on a nascent boom in metals prices.The London-based company said underlying earnings were $12.4 billion in 2020, up 20% on the prior year. Its full-year payout included a special dividend as Rio followed its peers in rewarding investors. Glencore Plc said Tuesday it would resume payouts after suspending them last year, while BHP Group paid a record dividend.From iron ore and copper, to platinum and tin, metals prices are ramping higher as the world economy emerges from its coronavirus-induced slump of 2020, fueled by huge government and central bank support as well as tightening supply.“The fundamentals are pretty strong,” said Jakob Stausholm, presiding over his first results since becoming chief executive officer in January. “The Chinese economy is growing strongly and what we are learning coming out of 2020 is that -- more than anything -- we are having very commodity-intensive growth.”Iron ore prices gained around 70% over the period, boosted by Chinese stimulus measures to accelerate the post-pandemic economic recovery which saw the country’s steel mills ramp up their activity. Rio said significant momentum in these prices boosted underlying earnings for ore from its operations in Western Australia.“Our strong operational performance in the Pilbara in 2020 enabled us to take advantage of the rising price environment for our high-quality products,” Rio said. “This price strength was driven by buoyant demand from China and constraints in global seaborne supply.”Read: Commodities Are Back In Fashion as Investors Get Ready for BoomRio said it has almost completed implementing recommendations from a board review of its cultural heritage management into the blasts last year in Western Australia that damaged ancient Aboriginal sites, although Stausholm declined to comment on any potential financial restitution during a media call.Tougher heritage protection laws are expected in the wake of the Juukan Gorge blasts which could lead to longer lead times for Rio to bring new resources on stream. “The rock shelter at Juukan should never have been touched,” Stausholm said, adding that he had visited the site this week and met with local elders.Rio said it was in “active discussions” with the government of Mongolia to address outstanding issues regarding the troubled Oyu Tolgoi copper project. Mongolia has asked Rio whether it’s prepared to mutually terminate the $6.75 billion project in the Gobi Desert, the Financial Times reported earlier this month.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Glencore plc (OTCPK:GLCNF) Q4 2020 Earnings Conference Call February 16, 2021 3:00 AM ET Company Participants Martin Fewings - IR Ivan Glasenberg - CEO Steven Kalmin - CFO Gary Nagle -...

Wall Street Opens at Record Highs After Long Weekend; Dow up 123 Points

European markets opened modestly higher Tuesday as hopes of an economic recovery underpinned by low interest rates continue to drive risk-on trade.

European stocks advanced on Wednesday as positive market sentiment continues amid a busy week of earnings reports.

Dublin, Feb. 02, 2021 (GLOBE NEWSWIRE) -- The "Global Platinum Group Metals (PGM) Market (Platinum, Palladium & Rhodium): Insights & Forecast ...

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Global shares rebounded from last week's steep sell-off and silver prices surged on Monday as retail investors expanded their social media-fueled battle with Wall Street to drive the precious metal to an eight-year high.

TORONTO, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Dundee Precious Metals Inc. (TSX: DPM) (“DPM” or “the Company”) today announced that it has appointed Mr. Kalidas Madhavpeddi to the Board of Directors (“the Board”) of DPM, effective February 1, 2021. “We are very pleased to welcome Kalidas Madhavpeddi to the Board of Directors. His depth of experience in the international mining industry will add valuable expertise to the Board,” said Jonathan Goodman, Chair of the Board of Directors. Mr. Madhavpeddi has over 40 years of international experience in corporate strategy, mergers and acquisitions, government relations, marketing, mining engineering and capital. He is currently the President of Azteca Consulting LLC, an advisory firm to the metals and mining sector. From 2010 to 2018, he was the Chief Executive Officer of China Molybdenum International, a privately held company and global producer of copper, gold, cobalt, phosphates, niobium and molybdenum. His extensive career in the mining industry includes over 25 years at Phelps Dodge Corporation, starting as a Systems Engineer and ultimately becoming Senior Vice President for Phelps Dodge, and contemporaneously the President of Phelps Dodge Wire & Cable. Mr. Madhavpeddi is currently a director and Chair of the Audit Committee of Glencore plc, and a director of Novagold Resources Inc. and Trilogy Metals Inc. Mr. Madhavpeddi holds degrees from the Indian Institute of Technology, Madras, India and the University of Iowa, and has completed the Advanced Management Program at Harvard Business School. Board Update Mr. Madhavpeddi’s appointment is a continuation of the Company’s ongoing Board refreshment process, which most recently included the appointment of Ms. Jaimie Donovan as a director in November 2020. As part of the refreshment process, Mr. Peter Nixon and Mr. Donald Young will not be standing for re-election to the Board at the 2021 Annual Meeting of Shareholders. “On behalf of the Board, I’d like to extend a sincere thank you to Peter and Donald for their dedication to DPM over the years,” said Jonathan Goodman. “Their guidance and expertise have contributed significantly to the company as we have transitioned to a mid-tier producer.” In order to provide guidance and support through the transition with the appointments of Ms. Donovan and Mr. Madhavpeddi, both Mr. Nixon and Mr. Young will continue to serve on the Board until the end of their terms in May 2021. About Dundee Precious Metals Inc.Dundee Precious Metals Inc. is a Canadian based, international gold mining company engaged in the acquisition of mineral properties, exploration, development, mining and processing of precious metals. The Company's operating assets include the Chelopech operation, which produces a gold-copper concentrate containing gold, copper and silver and a pyrite concentrate containing gold, located east of Sofia, Bulgaria; the Ada Tepe operation, which produces a gold concentrate containing gold and silver, located in southern Bulgaria; and the Tsumeb smelter, a complex copper concentrate processing facility located in Namibia. DPM also holds interests in a number of developing gold and exploration properties located in Canada, Serbia and Ecuador, including its 9.4% interest in Sabina Gold & Silver Corp. and its 19.4% interest in INV Metals Inc. For further information please contact: David RaePresident and Chief Executive OfficerTel: (416) [email protected] Jennifer CameronDirector, Investor RelationsTel: (416) [email protected]