Glencore PLC (LSE:GLEN) (LSE:GLEN) investors are set for a bumper dividend payout due to the surge in coal prices, according to the latest research from analysts at Deutsche Bank. Thermal coal prices are at record levels said the broker and that points to a US$15bn cash return from the mining giant on the horizon.
Rio Tinto PLC (LSE:RIO) (LSE:RIO) has published its first report on progress in improving Communities and Social Performance (CSP) practices, following the destruction of the Juukan Gorge rock shelters in Western Australia. The rock shelters, which were destroyed during mining operations last year, showed human habitation dating back 46,000 years.
Horizonte Minerals PLC (AIM:HZM, TSX:HZM, OTC:HZMMF, FRA:H5W) has taken a big step towards starting construction of its Araguaia nickel mine in Brazil after a syndicate of five institutions gave final credit approvals. A senior debt finance facility of US$346mln was arranged through the five lenders plus two export credit agencies (ECAs).
Anglo Asian Mining has agreed terms with the Azerbaijan government over three huge new copper licences in the country. The new licences, with a combined area of 882 square kilometres, will be immediately effective following ratification by the Parliament of the Republic of Azerbaijan.
Power Metal Resources said two licence applications have now been granted at Wallal in the Paterson region of Western Australia – E45/5816 – Wallal Main and E45/5880 – Wallal West 2.
Base Resources Ltd has agreed an extension to its Kwale mining lease in Kenya and new terms for royalty payments to the Kenyan government.
Mkango Resources Ltd (AIM:MKA, TSX-V:MKA, FRA:ZMK, OTC:MKNGF) said its rare earth magnet recycling pilot led by associate HyProMag and the University of Birmingham (UOB) had been successfully completed.
Tharisa PLC pledged to reduce carbon emissions 30% by 2030 and said it intends to be carbon net neutral by 2050.