Europe

Joy Global swings to loss, cuts dividendU.S. maker of mining equipment Joy Global (NYSE:JOY) logged Wednesday an unexpected and sharp loss in its fourth quarter and announced it was cutting its dividend as it struggles to survive long-dragged drop in demand triggered mostly by low commodity prices. Announcing a loss…
Mining giant Rio Tinto (LON:RIO) wants to be one of the first major miners to get a grip on the lithium market, one of the very few commodities, if not the only one, that has remained unaffected by the ongoing rout in metals and fuel prices. According to the company’s…
This is the 106-carat diamond Alrosa unearthed from its Jubilee pipeRussia's Alrosa, the world's top diamond producer by output in carats, said Thursday it has recovered a 105.6-carat diamond from the Jubilee kimberlite pipe. The stone, described as being of "4 Black Sawables 2 colour" quality with an octahedral shape,…
Vale’s Carajás iron ore complex, located in a remote corner of the Amazon rainforest. Iron ore prices got hammered again Friday, sinking to a 10-year-low of $39.40 a tonne, the lowest ever recorded by price assessor The Steel Index (TSI), which began compiling data in 2008. Prices were set for…
Anglo American set to announce dividend cut next weekEarlier this year, Anglo announced a $3.5bn write-down related to the value of its flagship Minas-Rio iron ore project in Brazil. (Image courtesy of Anglo American) Global miner Anglo American (LON:AAL) will likely announce next week that it’s cutting its annual dividend…
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