Articles for tag: dividend, extend, Gold, Harmony, interim, life, Mponeng, pay, record

February 28, 2024

Ron Finklestien

mining

A Record Breaker: Harmony Gold Shines with Interim Dividend & Extended Mponeng Mine

Production Boost & Profit Surge Harmony Gold unveiled its financial and operational performance for the first half of 2023 on Wednesday. The mining giant witnessed a remarkable 14% surge in total gold production, reaching 832,349 ounces, up from 733,325 ounces in the same period a year earlier. This upsurge was fueled by a remarkable 30% increase in output from the Mponeng mine. Record Dividend Declaration Harmony Gold’s profit tripled to a staggering 5.96 billion rand in the latter half of 2023 compared to the previous year. Riding on this success, the company has declared a record interim dividend. Shareholders are

January 25, 2024

Ron Finklestien

mining

Legal Ruling Requires Vale, BHP, and Samarco to Pay $9.7 Billion in Damages Legal Ruling Requires Vale, BHP, and Samarco to Pay $9.7 Billion in Damages

Reparation and Cleanup Efforts Vale and BHP’s Samarco, which had been closed for five years, were focused on reparations, compensations, and clean-up efforts during that timeframe. Following several lawsuits and site inspections, the miner reopened Mariana Complex in December 2020 after ensuring its safety. Challenges and Shortcomings Brazilian prosecutors revealed that the Renova Foundation, established by the mining companies for damage reparation, failed to fulfill its commitments, creating additional challenges. Samarco announced the development of an enhanced security system in 2020, incorporating a monitoring and inspection center.