Attractively high dividend payouts by companies listed on Britain’s stock market could be in danger.
The sectors currently delivering the biggest dividends — those that have kept yield-hungry investors in the UK market — are showing signs of strain.
Gold climbed to the highest since mid-June, pushing up mining-company shares amid military tensions between the US and North Korea.
Equities slid and the Swiss franc and some developed-market government bonds advanced as President Donald Trump threatened North Korea with “fire and fury” following a series of missile tests by the communist regime, boosting demand for haven assets. Gold also climbed after Indian imports of the metal were said to have doubled.
DUBLIN–(BUSINESS WIRE)–The “China: Heavy Plates – Market Report – Analysis and Forecast to 2025” report has been added to Research and Markets’ offering. The report provides an in-depth analysis of the heavy plate market in China. It presents the latest data of the market size and volume, exports and imports, price dynamics and turnover in the industry. The report shows the sales data, allowing you to identify the key drivers and restraints. You can find here a strategic analysis of key facto
Observations by Tesla’s Elon Musk on the key role nickel plays in the electric vehicle boom helped inspire the world’s top miner BHP Billiton to invest in new capacity to target rising demand.
Amid efforts to improve performance at its nickel operations in Australia, Eduard Haegel, asset president of BHP’s Nickel West unit, said he “stumbled across” a video of Musk’s comments in 2016 highlighting that EV batteries typically contain higher quantities of the metal than lithium.
Aim- and FSE-listed Bluejay Mining is continuing to advance its Pituffik titanium project, in Greenland, with the aim of publishing a resource upgrade by the end of 2017 or early 2018.
Drilling is under way to expand the current resource of 23.6-million tonnes at 8.8% ilmenite, a bathymetry survey has been started and licencing applications are progressing.
Canadian mining giant First Quantum Minerals will mothball its Ravensthorpe nickel operations in WA’s south-east from early next month because of low nickel prices.
An Austrian law which could deter companies from contracting out work to lower-cost eastern Europe firms is in breach of EU law, the country’s engineering industry has argued in a filing to the European Commission.
Austria’s Association of Metaltechnology Industries said late on Tuesday it had filed the complaint over the law against companies seeking to employ cut-price labour, saying it makes it hard for Austrian groups to work with foreign contractors.
DUBLIN–(BUSINESS WIRE)–The “Zeolites Market – Forecast (2016-2022)” report has been added to Research and Markets’ offering. Zeolites can be defined as hydrated three-dimensional microporous aluminosilicate minerals which find their applications in water filters and as water softeners. Zeolite minerals have a relatively porous structure which makes them suitable for usage in detergents, petrochemical, nuclear, refrigeration, concrete, and various other end-user industries. Structure of zeolit
Hedge fund Senrigan Capital Management has asked Australian regulators to intervene in Yancoal Australia’s efforts to fund its $2.69-billion purchase of the Coal & Allied division of Rio Tinto, saying it is unfair to minority shareholders.
Senrigan is seeking an order from Australia’s Takeovers Panel that a proposed renounceable entitlement offer to raise up $2.35-billion be prevented from proceeding in its current form without shareholder approval.
The Queensland government has granted a mining lease to major Glencore over its Wandoan coal project, in the Surat Basin.
The mining lease was applied for in 2007, and the project’s environmental impact statement was approved in 2010, while Commonwealth environmental approval was received in 2011.
ASX-listed project developer Platina Resources has reported a 127% increase in the high-grade mineral resource at its Owendale scandium-cobalt project, in New South Wales.
The project is now estimated to host some 1.54-million tonnes of resource, at 675 parts per million scandium, 0.32% platinum, 0.16% nickel and 0.14% cobalt for 1 600 t of Scandia, 16 000 oz of platinum, 2 500 t of nickel and 2 100 t of cobalt.
A Kalgoorlie Court has heard Glen Stephen Rutherford had no prospecting knowledge or experience when he trespassed on a live mining tenement, stole a valuable gold nugget, smashed it to bits and tried to sell it on Facebook.
ASX-listed Centaurus Metals has raised A$2.5-milion through a five-for-nine renounceable rights issue.
The company on Wednesday said that it would issue some 624-millionnew shares, as well as 624-million new options, with an exercise price of 1c each and en expiry date of August 2019.
Uranium hopeful Boss Resources has completed a A$3-million capital raise to advance activities at its Honeymoon project, in South Australia.
The ASX-listed company placed 60-million shares, priced at 5c each, to new and existing sophisticated investors. The placement was made within the company’s 15% placement capacity, and as such did not require shareholder approval.
ASX-listed junior Metalicity will raise A$1.5-million through an equity placement to fund work at the Admiral Bay zinc project, as well as the Napier Range zinc project.
Some 27.7-milion fully paid ordinary shares will be placed at an issue price of 3.6c each, with a one-for-two attaching option that can be exercised at a price of 8c each.
Diggers and Dealers know the ‘digital mine’ has arrived as they work with associated sectors, technology developers and academia to up-skill the workforce and make the work place safer.
The US Commerce Department said on Tuesday it made a preliminary finding that imports of aluminium foil from China are subsidised, and it imposed countervailing duties ranging from 16.56% to 80.97%.
US aluminium foil producers had filed petitions with the US government accusing Chinese producers of receiving subsidies and of “dumping” the product in the US market, the first such case since President Donald Trump took office.
Albemarle Corp plunged the most in 18 months as the world’s largest lithium producer forecast disappointing earnings amid rising exploration costs and lower prices for the mineral used in electric-vehicle batteries.
Lithium profit the rest of this year will probably decline from the record level in the second quarter, CFO Scott Tozier said Tuesday on a conference call to discuss financial results. The company’s profit forecast for 2017 suggested earnings will probably fall short of analysts’ estimates in the second half.
The TSX-listed stock of mid-tier miner Copper Mountain has gained up to 7% on Tuesday, following the company reporting encouraging second quarter results.
The company, which owns and operates the Copper Mountain mine, in southern British Columbia, expects to be ideally placed to take advantage of hawkish sentiments towards global copper markets, having completed planned plant maintenance ahead of schedule during the first half of the year.
DALLAS–(BUSINESS WIRE)–Energy Transfer Partners, L.P. (NYSE: ETP) (“ETP” or the “Partnership”) today reported its financial results for the quarter ended June 30, 2017. For the three months ended June 30, 2017, net income was $292 million and Adjusted EBITDA was $1.60 billion. Adjusted EBITDA increased $229 million compared to the three months ended June 30, 2016, reflecting significantly higher results from the midstream and crude oil transportation and services segments, as discussed in the
LAKE FOREST, Calif.–(BUSINESS WIRE)–Liquidmetal® Technologies, Inc. (OTCQB: LQMT), the leading developer of amorphous alloys, has terminated the lease with its previous facility located in Rancho Santa Margarita and in July of 2017, officially moved in to its new facility located at 20321 Valencia Circle , Lake Forest, CA 92630. The Company will be hosting the public during the month of October to showcase its new, state of the art building. In particular, the Company has set aside October 17
LAKE FOREST, Calif.–(BUSINESS WIRE)–Liquidmetal® Technologies, Inc. (OTCQB: LQMT), the leading developer of amorphous alloys, reported results for its second quarter, ended June 30, 2017. Q2 2017 Operational Highlights During the second quarter of 2017, the Company received two hot crucible amorphous metal molding machines from its licensing partner Eontec Ltd. These machines allow the production of amorphous alloy parts that are up to three times larger and one-third the cost of established
The Chilean government has short-listed seven companies to develop value-added lithium projects in the country, state development agency Corfo said on Tuesday, the latest move in Chile’s push to diversify its exports.
Chile is part of South America’s “lithium triangle,” home to more than half the known global reserves of the mineral, which plays an essential part in electric car batteries. Lithium currently must be sent abroad to be developed into consumer products, and Chile’s government wants to change that.
Mining companies could benefit from more investor activism in the wake of Elliott Management’s campaign for improved performance at BHP Billiton, according to Australia’s second-largest gold producer.
The sector’s record of returns warrants closer scrutiny from shareholders, Evolution Mining executive chairman Jake Klein said in an interview in Kalgoorlie, Western Australia. “I’d like to see it,” he said. “Investors are almost too tolerant, and too accepting.”
ASX- and Aim–listed coal developer Prairie Mining has refuted claims by the Polish Chief National Geologist, insisting that the company had government support to develop its Jan Karski coal mine.
Prairie said that the Chief National Geologist recently made a number of incorrect claims regarding the Jan Karski operation, including that Prairie was obligated to drill 23 boreholes over the concession.
Gold miner Orinoco Gold has completed a low capital cost process plant modification at its Cascavel gold mine, in Brazil, resulting in a 500 t trial parcel of low-grade ore being produced.
The modification included the replacement of screen deck panels with smaller aperture panels, as well as the fabrication and installation of a sluice box. In addition, primary and secondary crusher jaw gaps were reduced.
Diversified major BHP has reported a fatality at its Goonyella Riverside coal mine, in Queensland.
The company said on Tuesday that a full investigation was under way, with project partners BHP and Mitsubishi continuing to work closely with the relevant authorities.
ASX-listed Red River Resources has inked a zinc and lead offtake agreement over its Thalanga zinc project, in Northern Queensland.
The offtake agreement with Trafigura accounted for 122 000 t of zinc concentrate and 27 400 t of lead concentrate, with pricing to be determined by metal prices on the London Metal Exchange at the time of shipment.
ZUG, Switzerland–(BUSINESS WIRE)–Pala Investments (“Pala”), a multi-strategy investment company focused on the mining and metals value chain, is pleased to announce the launch of Pala New Energy Metals, an investment fund dedicated exclusively to investing in raw materials critical to the energy storage and clean energy value chains. The Fund Pala New Energy Metals, which is launched with initial capital of US$150 million, has a mandate to invest in projects and businesses that provide levera
Construction of the Poplar Grove coal mine, in western Kentucky’s Illinois basin, has started, some 18 months after a decision to build was taken.
ASX-listed Paringa Resources said on Tuesday that first coal production from the 2.8-million tonne a year mine was expected within 12 months.
An investment firm founded by Russian billionaire Vladimir Iorich is following its winning bet on cobalt this year by creating a $150-million fund to buy into metals used in electric cars.
Pala New Energy Metals will invest in cobalt, lithium, vanadium, rare earths, nickel and tin. Pala Investments started the fund with its own money and cash from other investors. The firm previously snapped up cobalt, anticipating surging demand from automakers that more than doubled prices in the past year.
Canadian explorer Mundoro is mobilising for the Phase 2 drilling programme at the Borsko Jezero licence, in Serbia, with drilling expected to start later this month.
The programme is a follow-up to the first phase drilling programme completed in May, which tested for two of six generated drill targets.
Aim-listed Firestone Diamonds’ Liqhobong diamond mine, in Lesotho, is now expected to produce between 800 000 ct and 850 000 ct in the 2018 financial year. This is lower than the one-million carats previously targeted and is expected to impact revenues in the financial year to June 30, 2018.
Aim-listed Galileo Resources is still analysing and assessing the information generated by consultants Minxcon on the initial drilling programme at the Concordia copper project, in the Northern Cape. Under the terms of a January 2016 joint venture agreement with Shirley Hayes, Galileo obtained the right to earn a 51% interest in the Concordia project by spending R10-million on exploration at the project over a 14-month period.
Aim-listed IronRidge Resources has appointed Joe Clarry exploration manager. The appointment bolsters IronRidge’s management team as the company continues to expand and develop its projects in Africa, in particular its rapidly developing lithium project portfolio. Clarry will work closely with the existing management team to oversee the company’s diverse and extensive project pipeline throughout Ghana, Chad, Côte d’Ivoire, Gabon and Australia.
