Page 25 - Mount Arthur News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The BHP chief executive, Mike Henry, says a Chinese ban on Australian coal has added to the woes of BHP’s Mount Arthur coalmine, which the company has already written down by US$1.2bn and is trying to sell. Writedowns of Mount Arthur and other coal assets helped drive BHP’s profit for the six months to the end of 2020 down by 20%, even as booming iron ore prices led to a rise in operating profits and a record dividend payment to shareholders. An...

Glencore reinstates dividend ahead of Glasenberg exit Advertisement Published 2 months ago By Helen Reid and Zandi Shabalala JOHANNESBURG/LONDON (Reuters) – Glencore reinstated its dividend and flagged possible further payouts on the back of strong commodity prices as billionaire Chief Executive Ivan Glasenberg prepares to hand over the reins of the trading and mining giant. Having scrapped its dividend in August after a pandemic-driven first-half loss, Glencore recommended a distribution of $0.12 per share for 2021, representing a bigger than expected total payout of $1.6 billion. Shares ...

Glencore has today reinstated its dividend after net debt fell by 10% last year, helped by surging commodity prices in the second half.

BHP quarterly update lists Hunter Valley mine as worth between $325m and $455m

The OECD is set to investigate alleged human rights abuses and serious environmental pollution at Cerrejon, one of the world's biggest coal mines.