Saudi Arabia revalues its unexploited mineral resources: +90% to 2.500 billion
The increase is due to new discoveries of rare earths, the increase in phosphate, gold, zinc and copper and the revaluation of these minerals
Dividends, record first quarter and the best is yet to come: coupons +4,6% in 2022, double for Italy
According to Janus Henderson's estimates, after the first quarter records, global dividends will continue to rise in 2022 as a whole. Generous coupons also in Italy
Glencore, the rush of raw materials pushes the balance sheet towards new records: 2021 profit is close to 5 billion
Revenues also soar (+43%) and adjusted EBITDA – Basic dividend of 0,26 dollars – A buyback of over half a billion is on the way – The title runs in London
Lithium, from Chile to Congo the war for the electric car
To support electric mobility plans, Europe will need at least ten battery factories. And lithium is the most disputed mineral but also the most polluting. Here then are the first signs of what promises to be…
Rio Tinto destroys 46-year-old cave, CEO resigns
The Anglo-Australian mining giant blew up the Juukan Gorge cave with dynamite, a site inhabited by Aboriginal people, whose origins date back 46 thousand years - The company apologizes, CEO and two executives forced to resign
Australia in transition: here are the scenarios for growth
As reported by Atradius, a recovery in investment in non-extractive sectors will be necessary if sustained momentum is to be achieved in the long term, in the face of rising unemployment and the difficulties of local tourism and industry.
The new frontier of the mining industry: the seabed
In the hangar of a mining engineering company in Great Britain, a 250-ton machine dominates: it will be used to extract minerals from the seabed, 1600 meters deep, swallowing the intensely mineralized volcanic effusions that rise from the abyss.
Indonesia: all that glitters is not gold, but it could be
Without active investment in the short term, the new regulation on raw mineral exports could lead to a dangerous increase in the trade deficit and unemployment. But that's when foreign FDI could come into play.
Greenland, the hunt for natural resources begins
Arctic ice hides oil, gas, iron, copper, nickel, zinc and rare earths - The leaders in mining are Australian and Canadian, but China always has a hand in every project - Greenland's economy is based on…
Indonesia, update of the SACE Country File
Sace's Research Office has released an update of the country file relating to Indonesia following the proposed revisions of the regulations concerning the mining sector
China accuses big mining companies of fraud
Chinese authorities today accused the world's three largest mining companies – Australia's BHP Billiton, Anglo-Australian Rio Tinto and Brazil's Vale – of collusion and manipulation of iron ore prices.
Meteo Mercato: export reduces risk
The SACE Meteo Mercato index highlights how sectors with a higher propensity for internationalization report lower levels of operational risk
The long view of mining companies
Listen to Robert Friedland, Canadian mining magnate: "Debts elsewhere may be monetized, but real goods will always be in fashion. There are seven billion human beings today, and it will become ten billion people who will want everything"