Russian miner Norilsk Nickel said on Wednesday that it had paid $2 billion to Russia for the environmental damage caused by a huge fuel spill last year in the country's worst Arctic environmental disaster.
By Reuters Staff
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JOHANNESBURG, March 9 (Reuters) - South African miner Royal Bafokeng Platinum reported on Tuesday an almost 30-fold jump in annual profit, driven by higher platinum prices, increased output and a weak rand exchange rate.
The Johannesburg-listed company’s headline earnings per share (HEPS) - the main profit measure in South Africa - rose to 1,354 cents in 2020 from 50 cents a year ago.
The platinum group metals (PGM) miner, which engages in mining of platinum, palladium and rhodium, declared its maiden dividend of 575 cents per share for the year that ended Dec. 31.
Prices of platinum and sister metals rose last year by more than 80% since a crash around mid-March, led by strong demand from the auto industry amid tight supply. The industry uses the commodities for cleaning up exhaust fumes.
Platinum rises as much as 3.5% SPDR Gold holdings hit lowest since April 2020 (Adds comments, updates prices)
March 9 (Reuters) - Gold rose nearly 2% on Tuesday, as it gained respite from a retreat in U.S. Treasury yields and the dollar following a slide to a nine-month low in the last session.
Spot gold rose 1.5% to $1,706.01 per ounce by 1308 GMT, having earlier risen as much as 1.8% to $1,711.16.
U.S. gold futures climbed 1.4% to $1,701.80.
“Given the metal’s zero-yielding nature, falling yields may provide a tailwind for bulls to elevate prices higher,” said Lukman Otunuga, senior research analyst at FXTM.
But while gold may extend gains near term, “fundamentally, the pendulum swings in favour of bears especially when factoring in how global sentiment is improving on vaccine rollouts and COVID-19 cases are falling globally.”
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Toronto, Ontario (Newsfile Corp. - March 3, 2021) - Planned exploration activities in 2021 have been expanded at both the palladium dominant Läntinen Koillismaa ( LK ) PGE-Ni-Cu project in Finland and the Tyko Nickel-Copper project in Ontario, Canada, said Palladium One Mining Inc. (CSE: BULL) (OTCQB: NKORF) (FSE: DCR1) ( Palladium One or the Company ) today.
Derrick Weyrauch, President and CEO of Palladium One said, A cash balance of $19.7 allows for the acceleration of exploration activities and expansion of the initial 2021 exploration budget to $11.5 million. The expanded program in Finland lets us complete resource definition drilling at the Kaukua South and Haukiaho zones while also initiating drilling at potential eastern and western extensions of Kaukua South. At the Tyko project, our expanded program will be centered on new target development, infill drilling, and expansion of known high-grade nickel mineralization at the Smoke Lake zone.
VANCOUVER, BC / ACCESSWIRE / March 3, 2021 / Group Ten Metals Inc. (TSXV:PGE)(OTCQB:PGEZF)(FSE:5D32) (the "Company" or "Group Ten") is pleased to announce results from the 2020 drill campaign at the Chrome