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Glencore profits dropped by three-quarters in the year just ended as coal and metal prices fell and trading income was also reduced. Revenues in 2023 were 15% lower than a year ago at US$217bn, while profits from its production arm were down by 52% and in trading by 46%. In total, net income fell 75% to US$4.3 billion, which included impairment charges for the Mutanda cobalt operation and several zinc properties due to lower price assumptions. Gary Nagle, chief executive, said dividends would be US$0.13 per share or the lowest or base case of its policy commitment as it builds up its liquidity to absorb EVR. That equates to shareholder payments in 2023 US$1.6 billion, down from US$8.5 billion in 2022. More at #Proactive #ProactiveInvestors http://ow.ly/S2GT105jhva

Glencore posts earnings and dividend drop, shares tumble ➡ Glencore, a prominent player in the commodities market, has encountered a significant downturn in its earnings, leading to a tumble in its shares. ➡ The company's latest financial report reveals a stark contrast from its previous record-breaking years, with adjusted earnings dropping to $17.1 billion, down from $34.1 billion. ➡ This decline, attributed to lower commodity prices, prompts a strategic shift in Glencore's investor payouts. ➡ In a move to acquire a substantial stake in Teck Resources' metallurgical coal business, Glencore has opted to slash its dividend payout, redirecting funds towards this strategic investment. ➡ This decision has resonated across the financial landscape, with Glencore's shares witnessing a notable 2.2% drop. ➡ The acquisition of Teck Resources' coal unit, valued at $6.9 billion, aims to bolster Glencore's position in the market, particularly in steelmaking coal. ➡ Despite the current absence of additional returns, Glencore's CEO Gary Nagle remains optimistic about the future cash-generating potential of this venture. ➡ Looking ahead, Glencore is set to prioritize its growth trajectory, particularly in copper production, a critical component in the realm of renewable energy and electric vehicles. ➡ CFO Steven Kalmin outlines the company's plans to deploy capital into brownfield projects in Argentina by 2027-2028, underscoring Glencore's commitment to strategic expansion amidst market challenges. ➡ While grappling with nickel price fluctuations and operational adjustments, Glencore remains resilient, emphasizing its focus on sustainable growth and prudent financial management. Stay tuned for further updates as Glencore navigates through the evolving landscape of the commodities market. Resource https://lnkd.in/gHP7ygH9. Reuters Reuters News Agency Sizer Metals Pte Ltd Sizer Metals Pvt. Ltd. #sizermetals #sizermetalspteltd #abizertambawala #metalindustry #metalnews #globaleconomy #globalindustry #markettrends #glencore #commodities #financialperformance #investmentstrategy #marketupdates

Vedanta declares third interim dividend of ₹20 per share for FY24-25 * Total dividend payout reaches a staggering ₹7,821 crore! * Consistent dividend policy reflects strong financial performance and commitment to shareholders Vedanta Ltd, the leading mining and metals conglomerate, continues to delight its shareholders with another generous interim dividend payout. The company's Board of Directors has approved a third interim dividend of ₹20 per equity share for the financial year 2024-25, marking a significant milestone in its dividend distribution history. This latest dividend announcement brings the total interim dividend payout for FY24-25 to an impressive ₹7,821 crore. Vedanta's consistent dividend policy underscores its robust financial performance and unwavering commitment to rewarding its shareholders. #Vedanta #Dividend #FY2425 #Shareholders #Mining #Metals #FinancialPerformance #Investment #StockMarket #TypoPhantom #UpgradeWithUs #NSE #BSE #Trading #IntradayTrading

After marking its presence in the market with a promising dividend announcement earlier in 2023, #PilbaraMineralsLtd now faces unpredictability in its payout schedule due to a dip in lithium prices. 💰📉 Investors and shareholders experienced a rewarding interim and final dividend totaling 25 cents per share. However, a subsequent 65% revenue drop has led to a halt in dividends, casting uncertainty over future payments. 🛑🧐 According to experts, the return of dividends might not be on the horizon until 2026 as the company redirects cash flow towards capital expenditures. This decision highlights the challenging circumstances in the lithium market and the need for strategic business foresight. 🔍💡 For professional investors and industry observers, this serves as a reminder of the commodities sector's inevitable cycles. It's essential to stay informed and be prepared for the ever-shifting economic landscape. Will Pilbara Minerals navigate through these trying times and bounce back stronger? The long-term recovery of the market could be the key. 🔄✨ Read the full article for more in-depth insights and future projections on Pilbara Minerals' dividends: https://lnkd.in/gti5TYqP #DividendInvesting #LithiumMarket #MarketVolatility #ResourceSector

Top Glencore shareholders favour keeping coal over spinoff Several of Glencore’s largest shareholders believe that the company should retain its coal assets, according to people familiar with the matter, throwing a proposed spinoff into doubt. Glencore, the world’s largest shipper of thermal coal with a market capitalization of about $73-billion, had said it intended to spin the business off within two years of closing a deal to buy the steelmaking coal assets of Teck Resources. But major Glencore shareholders believe that the company would be better off retaining its coal business, the people said, asking not to be identified because the information is private. The company’s largest shareholders are former CEO Ivan Glasenberg, the Qatar Investment Authority, and BlackRock. Glencore’s coal business is one of its most profitable units, driving record returns in recent years, and the plan to exit coal and list a new company in New York represented a major strategic pivot under current boss Gary Nagle. The company had long resisted pressure to follow rivals in exiting the business, arguing that the world still needed the dirtiest fuel and that it was more responsible to run the mines itself than sell them. It’s not clear when and in what form Glencore might put the spinoff to a shareholder vote, with the deal to buy Teck’s coal business yet to close. The shareholders will only form a final view once there is a concrete proposal on the table, and their stance could still evolve, the people cautioned. While Glencore announced its intention to spin off its coal assets when it agreed to the Teck deal in November, it has since then made clear that the separation would only go ahead if shareholders wanted it. A Glencore spokesperson referred to comments made by CEO Nagle in February. “When we announced the transaction, we said our intention was to spin out, and that is our intention,” Nagle told investors. “But it’s always subject to what our shareholders want, and we will consult with our shareholders, and it’s the decision of the shareholders ultimately to do that.” Glencore’s coal business has long been a source of controversy among climate activists and some investors. In 2020, Norway’s sovereign wealth fund said it had sold its Glencore stake due to the company’s exposure to thermal coal. When he unveiled the deal to buy Teck’s coal assets in November, Nagle argued that a spinoff made sense because Glencore’s coal and metals businesses would attract higher valuations as separate businesses than as one. https://lnkd.in/er9iwpRz

Media covered by Stockhead Charger Metals (ASX:CHR) was rising on Monday after releasing a strategic update regarding its Bynoe Lithium Project in the Northern Territory, as well as merger and acquisition discussions at the corporate level. The headline news from the update is an unsolicited non-binding, conditional, indicative offer from Core Lithium for 100% of Charger, for scrip consideration coming in at around 0.9 Core shares per Charger share – which valued Charger at $0.084 per share or $6.5 million. ~ https://lnkd.in/geS6GuDs

The top 10 dividend companies in India can vary based on factors like dividend yield, dividend payout ratio, and financial stability. However, some consistently high-dividend-paying companies include: * Coal India Limited (CIL): A leading coal mining company known for its consistent dividend payouts. * Oil and Natural Gas Corporation (ONGC): A major public sector undertaking involved in exploration and production of oil and natural gas, often offering substantial dividends. * Hindustan Petroleum Corporation Limited (HPCL): A leading oil marketing company that has a history of rewarding shareholders with dividends. * Bharat Petroleum Corporation Limited (BPCL): Another major oil marketing company with a strong dividend track record. * Vedanta Limited: A diversified natural resources company involved in mining and metals, known for its generous dividend payouts. * Power Finance Corporation (PFC): A leading financial institution focused on the power sector, often declaring attractive dividends. * REC Limited: Another major financial institution in the power sector, known for its dividend-paying capabilities. * Indian Oil Corporation Limited (IOCL): A leading oil and gas company with a strong financial performance and dividend history. * Chennai Petroleum Corporation Limited (CPCL): A major oil refining and marketing company with a track record of dividend payments. * Gujarat State Petroleum Corporation Limited (GSPC): A state-owned oil and gas exploration and production company that has paid dividends in the past. Important Note: * Dividend Yield: This is the annual dividend per share divided by the share price. A higher dividend yield indicates a higher dividend payout relative to the stock price. * Dividend Payout Ratio: This is the proportion of earnings that a company pays out as dividends. A higher payout ratio means a larger portion of earnings is distributed to shareholders. It's important to consult with a financial advisor before making any investment decisions. Dividend stocks can be a good way to generate income, but it's essential to consider factors like the company's financial health, dividend sustainability, and overall market conditions. Additionally, keep an eye on the latest financial news and market trends to make informed investment choices.

Attention Investors! Recent broker analyses have shone a spotlight on three ASX shares that should be on your radar. Check out my latest article for a deep dive into why these stocks could be worthy additions to your portfolio: 📊🚀 1️⃣ BHP Group Ltd - With robust cash flow and promising copper projects, despite a slight price target decrease, BHP's long-term prospects look bullish. 2️⃣ Newmont Corporation - As gold prices climb, this company is poised for significant free cash flow, earning it a confident buy rating. 🏔✨ 3️⃣ Orora Ltd - Facing challenges, yet still presents substantial value and attractive dividend yields with a target price set at $3.00. 📈💰 Expert insights point towards these shares being potential key players for diversifying or strengthening your portfolio. Remember, it's essential to do your due diligence. Read more for observations and key takeaways: 👉 Visit the full analysis: https://lnkd.in/evZUgcPf #Investment #ASX #Stocks #Finance #Trading #BHP #NewmontCorporation #Orora #FinancialAnalysis #Brokers #Equities

🇰🇷 M&As: "Korea Zinc, MBK face proxy war for the zinc smelter" ⛏ They may find it difficult to seize a majority stake in Korea Zinc, say analysts Korea Zinc Inc.'s face-off with an MBK Partners-led consortium over control of the world’s largest zinc smelter looks set to escalate into a lengthy proxy fight after the two sides failed to secure its majority in tender offers. In a regulatory filing on Monday, Korea Zinc said it had bought back shares equivalent to a 11.26% stake, including a 1.41% stake bought by Bain Capital, in the market over the past three weeks. The 2.1 trillion won ($1.5 billion) repurchase falls short of its target of 20%. Korea Zinc teamed up with the US private equity firm to counter a takeover bid by a consortium between North Asia-focused buyout firm MBK and Young Poong Corp., its largest shareholder with a 25.4% stake. Given that companies are not allowed to..... 👉 Article: https://lnkd.in/dzs4GUrP #southkorea #electricvehicles #evs #mining #criticalminerals #zinc

Managing Director, Bevan Jones has written a letter to Shareholders, addressing TNC's recapitalisation and revised business strategy focused on exploration at Cloncurry Copper Project and Mt Oxide Project. Upon completion of the recapitalisation, TNC will be debt free, with a robust balance sheet. To support the next phase of growth, last week TNC opened a Share Purchase Plan (SPP) to raise up to $5 million. The SPP gives shareholders the opportunity to invest in the company’s future on the same terms as our recent A$50.3 million Conditional Placement, which received strong support from key stakeholders: Tembo Capital Holdings, Regal Partners and Glencore Australia. Under the SPP, TNC is offering Eligible Shareholders the opportunity to acquire up to A$30,000 worth of shares at A$0.005/share. The SPP is currently due to close at 5.00pm (AEDT) on Tuesday, 17 December. Shares under the SPP are expected to be issued on 24 December 2024 and to commence trading on ASX on 7 January 2025. Read the letter to Shareholders: https://lnkd.in/ge6Vwv3m #TNC #copper #exploration