Latest Breaking News On - நாதன் நதி - Page 2 : comparemela.com
Investegate |Amur Minerals Corp Announcements | Amur Minerals Corp: AUDITED FINAL RESULTS ENDED 31 DECEMBER 2020
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Gold for Territory Economy and Local Jobs: Mount Todd Mine Approved
miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
Australia will lose share over the next five years in the global iron ore market to Brazil because of the latter’s high grade iron ore reserves and exports, according to a new report on the mineral from Fitch Ratings’ offshoot, Fitch Solutions.
The loss won’t be much in percentage terms, but in terms of tonnage, Brazil’s production is projected to grow at four times the rate of growth forecast for Australia.
The Fitch report, which appeared earlier this week, says global iron ore mine output growth will average 2.4% over 2021-2025 compared to the fall of 2.0% over the previous five years (which has helped boost prices as it met the surge in demand for steel in China from 2019 onwards and especially in the past year).
Iron ore fuels $65b dividend windfall
Share
Investors will share in a $65 billion windfall in shareholder returns from the big three iron ore miners, with dividend forecasts for BHP Group, Rio Tinto and Fortescue Metals Group upgraded by analysts after prices soared by more than 20 per cent in a week.
In a sign that the market expects demand and prices to remain strong for some time – and that tax revenue and dividends will continue to be pumped into the rebounding economy – a new generation of small producers is looking to move previously uneconomic mines into production.
The global benchmark for spot market traded iron ore, S&P Global Platts’ IODEX 62 per cent iron ore index, rose $US16.80 or 7.9 per cent to a record high $US229.55 a tonne on Monday, and is up more than 23 per cent in the past week.
Reformed iron ore miners tipped to pay $65b dividend
Save
Share
Rio Tinto and BHP are tipped to pass 95 per cent of the iron ore boom back to shareholders through dividends, as Anglo American and Hong Kongâs Cheung Kong became the lastest multinationals to flirt with the idea of building a new iron ore province in Australiaâs mid-west.
Iron ore prices have surged 20 per cent above the 2011 record over the past fortnight and are dragging Australiaâs biggest exporter, Rio, into a net cash position just 13 years after it was crippled with debt on the back of the disastrous $US38 billion Alcan acquisition.
vimarsana © 2020. All Rights Reserved.