Turquoise Hill beats profit estimates on higher copper, gold production (Adds profit comparison, metal prices, costs, capital
expenditure outlook) March 8 (Reuters) - Canada s Turquoise Hill Resources Ltd
posted a surprise rise in quarterly profit on Monday,
helped by increased production of copper and gold at its Oyu
Tolgoi mine in Mongolia. The results come a week after Chief Executive Officer Ulf
Quellmann resigned amid a protracted dispute between the company
and its top shareholder, Rio Tinto, over funding for the
underground expansion of the Oyu Tolgoi copper-gold mine. Oyu Tolgoi is one of the world s largest copper-gold-silver
mines. Rio owns 51% of Turquoise Hill, which in turn owns 66% of
Mozambique s GDP likely declined by 1.3% in 2020 - World Bank (Adds details) MAPUTO, March 4 (Reuters) - Mozambique s economy likely
registered its first contraction in nearly three decades last
year due to the COVID-19 pandemic, further compromising years of hard-won development gains, the World Bank said on Thursday. The country s real gross domestic product (GDP) is estimated
to have declined by 1.3% in 2020 compared to a pre-COVID growth
estimate of 4.3%, the bank said in its World Bank Mozambique
Economic Update report. The pandemic hit Mozambique s economy as it was attempting
to recover from the protracted slowdown triggered by the hidden
debt crisis and two cyclones, Idai and Kenneth, that rocked the
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Sharenet provides financial information and services for investors on The JSE Securities Exchange and other South African markets including online share trading, real-time streaming quotes, graphs, news, fundamentals, portfolios, watch lists, Unit Trusts and simulated stock market trading.
Sharenet provides financial information and services for investors on The JSE Securities Exchange and other South African markets including online share trading, real-time streaming quotes, graphs, news, fundamentals, portfolios, watch lists, Unit Trusts and simulated stock market trading.