Articles for tag: buffed, dividend, Group, margins, mining, raises, sector, Weir

February 29, 2024

Ron Finklestien

mining

Weir Group Boosts Margins in Mining Sector, Elevates Dividend

Strong Momentum from Transformation Program The Weir Group, based in Glasgow, is reveling in the substantial impact of its Performance Excellence transformation program. This initiative not only achieved cost savings of £6 million but also unearthed fresh opportunities leading to a twofold increase in the company’s cost-saving target to £60 million by 2026. CEO Jon Stanton’s Optimism Jon Stanton, the CEO of Weir, expressed his satisfaction with the company’s performance, stating, “Weir is delivering on the compelling value creation opportunity we set out as a focused mining technology company.” He highlighted the unique capabilities enabling the company to take advantage

February 6, 2024

Ron Finklestien

mining

De Beers Embarks on New Ventures in Angola’s Diamond Sector

De Beers has made a decisive move to enhance cooperation in the diamond sector, marking a crucial step forward in the company’s foray into Angola. During the momentous signing ceremony in Cape Town, South Africa, chief executive Al Cook expressed enthusiasm for the unfolding collaboration. This signifies a significant milestone, underlining a promising trajectory in De Beers’ engagement with Angola’s national diamond trading company Sodiam. One of the pivotal agreements signed by De Beers, a unit of Anglo American (LON: AAL), involves ensuring the use of best practices in sorting and processing rough diamonds mined in Angola. Such a commitment

February 4, 2024

Ron Finklestien

mining

Chile’s Mining Sector Poised for Robust Growth, Calls for 34,000 New Professionals by 2032 Chile’s Mining Sector Poised for Robust Growth, Calls for 34,000 New Professionals by 2032

The mining industry in Chile is on the cusp of significant growth, heralding the need for 34,000 new professionals by 2032. The unprecedented demand represents a 36% surge compared to the previous estimation, emphatically underscoring the sector’s robust expansion and its role in fostering local development and employment opportunities. The Rising Demand for Talent A recent study, directed by Vladimir Glasinovic, who leads the Eleva Program within the CCM-Eleva Alliance, has yielded several pivotal insights. The analysis forecasts a compelling surge of more than one-third in the requirement for human capital over the next nine years. This substantial escalation is