Nutrien beats quarterly profit estimates on robust North America demand
Nutrien, the world’s biggest fertilizer producer, beat first-quarter profit estimates on Wednesday, on strong demand for crop nutrients from North America owing to early planting and lower inventory.
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Visit: 39
Nutrien beats quarterly profit estimates on robust North America demand
Nutrien, the world’s biggest fertilizer producer, beat first-quarter profit estimates on Wednesday, on strong demand for crop nutrients from North America owing to early planting and lower inventory.
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Visit: 16
Lower energy prices help Aurubis’ first-half profit
Europe’s largest copper producer Aurubis AG reported first-half core profit above expectations on Wednesday, helped by lower electricity and gas prices.
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Visit: 44
Coal India reports 26% rise in profit as staff costs fall
Coal India Ltd., the world’s largest producer of the commodity, reported a 26% increase in fourth-quarter profit, driven by a drop in salary expenses and higher shipments to customers.
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Visit: 43
Adani flagship’s profit drops, gets queried by Indian regulator
Adani Enterprises Ltd., which posted a 38% fall in quarterly profit, said India’s markets regulator has queried it about possible violations.
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Visit: 49
Albemarle profit just misses estimates on weak lithium prices
Albemarle, the world’s largest producer of lithium for electric vehicle batteries, on Wednesday missed first quarter profit estimates on lower prices.
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Visit: 29
Barrick Gold beats estimates for quarterly profit, enters JV in Jamaica
Canadian miner Barrick Gold on Wednesday beat first-quarter profit estimates on higher bullion prices and said it has entered into an exploration partnership with Geophysx Jamaica.
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Visit: 48
Glencore now sees FY trading division profit between $3bn-$3.5bn
Glencore expects profit at its trading division this year to be at the top end of its long-term annual guidance, in an elevated interest rate and high commodity price environment, it said on Tuesday.
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Visit: 59
Newmont beats quarterly profit, production estimates on Newcrest assets boost
Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world’s largest gold miner benefited from strong production and higher sales.
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Visit: 78
Teck copper output shoots up on QB mine, profit disappoints
Teck Resources, Canada’s largest diversified miner, saw its copper production jump by 74% in the first three months of the year, thanks mainly to the ramp up of the extension at its Quebrada Blanca (QB) mine in Chile.
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Visit: 48
Top China lithium firms look past profit slump and vow expansion
Undeterred by slumping profits, China’s lithium giants are planning to grab a bigger slice of the market.
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Visit: 56
African Rainbow pauses Bokoni mine expansion plan after H1 profit fall
African Rainbow Minerals (ARM) said on Friday it was deferring plans to expand output at its Bokoni mine due to low platinum group metal (PGM) prices after reporting a 43% drop in its half-year profit.
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Visit: 88
Brazil’s CSN net profit soars on mining performance
Brazilian steelmaker and mining group CSN’s net profit jumped by more than fourfold in the fourth quarter, sending its shares higher on Thursday on the back of a solid performance in its mining business.
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Visit: 97
Impala Platinum considers mine closures after profit slump
Impala Platinum could shut some loss-making South African mining operations if metal prices deteriorate further and restructuring efforts fail to improve margins, chief executive Nico Muller said.
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Visit: 127
SQM profit down 82% as lithium prices slide
Chile’s SQM, the world’s second-largest lithium producer, on Wednesday posted an 82% fall in its fourth-quarter net profit from a year earlier, below forecasts as prices for the key battery metal continued to slide from earlier peaks.
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Visit: 68
Alrosa’s annual net profit drops 15.2%
Russia’s sanctions-hit diamond producer Alrosa on Wednesday reported 2023 net profit of 85.18 billion roubles ($925 million), down 15.2% from the previous year.
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Visit: 93
SQM profit down 82% as lithium prices slide
Chile’s SQM, the world’s second-largest lithium producer, on Wednesday posted an 82% fall in its fourth-quarter net profit from a year earlier, below forecasts as prices for the key battery metal continued to slide from earlier peaks.
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Visit: 97
Nickel faces existential moment with half of mines unprofitable
Many of the world’s biggest nickel mines are facing an increasingly bleak future as they wake up to an existential threat: a near limitless supply of low-cost metal from Indonesia.
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Visit: 104
Vale’s fourth-quarter profit falls 35% on higher provisions over dam accident
Brazilian miner Vale reported on Thursday a 35% drop in fourth quarter net profit, missing analyst expectations by almost half, following higher provisions related to its Samarco joint venture and more taxable income.
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Visit: 134
Anglo American to review assets after writedowns and profit plunge
Anglo American will review its assets after a 94% plunge in annual profit and writedowns at its diamond and nickel operations, the company said on Thursday.
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Visit: 107
Rio Tinto reports 12% profit drop but returns more cash to investors
Rio Tinto reported a 12% fall in annual underlying earnings on Wednesday, in line with forecasts, but paid a better-than-expected final dividend as it said inflation pressures were starting to recede.
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Visit: 119
Grupo Mexico profit down 19% on sliding metal prices
Mining and transport conglomerate Grupo Mexico on Friday reported that its net profit for the last three months of 2023 fell 19% from a year earlier to $757.4 million, dragged down by lower prices for key metals including copper.
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Lithium miners warn on plunging profits after price freefall
Two of China’s biggest lithium companies became the latest miners to issue stark warnings over the health of the battery metal industry, telling investors to prepare for tumbling profits and asset writedowns.
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Visit: 92
Vedanta beats Q3 profit view on production
Indian metal-to-oil conglomerate Vedanta reported a smaller-than-expected drop in third-quarter profit on Thursday, as an uptick in production and sales outweighed lower metal prices.
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Visit: 102
Sandvik to cut 1,100 jobs as Q4 profit lags expectations
Sandvik plans to cut around 1,100 jobs as part of a cost-saving drive, the Swedish mining equipment maker said on Thursday, as it reported adjusted fourth-quarter profits just below expectations.
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Visit: 83