Umicore Group has reported half-year revenues amounting to €1.8 billion. The company’s adjusted EBITDA reached €393 million, reflecting an adjusted EBITDA margin of 21.8%. Adjusted EBIT was €241 million, while adjusted net income (Group share) stood at €118 million, translating to adjusted earnings per share of €0.49. The return on capital employed (ROCE) was 11.3%....
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AMAG Austria Metall AG reported a robust half-year performance amidst a weak market environment, particularly in Europe. The company benefited from a higher aluminum price in Q2 2024 and its broad market positioning, which helped offset the subdued demand for aluminum rolled products in specific industries. The group’s revenue for the first half of 2024...
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British mining company Anglo American announced a significant shift in its financial performance for the first half of the year, reporting a loss attributable to equity shareholders of $672 million. This marks a stark contrast to the profit of $1.26 billion reported in the same period last year. The basic loss per share for the...
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Andrada Mining, an African technology metals mining company with assets in Namibia, has released its unaudited operational update for the quarter ended 31 May 2024 (Q1 FY2025). Operational Highlights: Financial Highlights: Despite facing new royalty charges from Orion and rising mining costs, management has maintained its cost guidance. The mine and plant performance are expected...
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Norwegian aluminium producer Norsk Hydro reported an 18% decline in second-quarter core profit to 5.84 billion Norwegian crowns ($533.09 million), impacted by lower volumes and margins despite higher alumina prices. The adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the quarter ended June 30 fell short of the average analyst forecast of 6.15...
READ MOREKGHM Group has announced its preliminary production and sales results for June, showing a significant increase in silver production and sales, but a decline in copper and other metals. Production of payable silver reached 125.4 tonnes, marking a 56% increase of 44.9 tonnes compared to the same period last year. Silver sales also saw a...
READ MOREVSMPO-AVISMA Corporation announced an 11.1% increase in revenue for the first half of 2024, totaling 51.219 billion rubles ($563.409 million) compared to the same period last year. However, the cost of sales surged by 31.7%, reaching 34.808 billion rubles ($383.348 million). The company’s total financial result for the period significantly declined, amounting to 8.144 billion...
READ MOREAnglo American Platinum Limited has released its Platinum Group Metals (PGMs) production report for the second quarter ending June 30, 2024. The report highlights mixed performance metrics and underscores ongoing safety concerns. During Q2 2024, Anglo American Platinum experienced two work-related fatalities at the Dishaba Mine, part of the Amandelbult complex. This incident contributed to...
READ MOREIndia’s National Aluminium Company (NALCO) reported a fourth-quarter profit that surpassed analysts’ estimates, driven by reduced costs of key raw materials, including thermal coal and bauxite. The state-owned firm announced a consolidated profit before exceptional items and tax of 9.43 billion rupees (approximately $114 million) for the three months ending March 31. This figure is...
READ MOREAtalaya Mining reported a substantial decrease in profit for the first quarter ended March 31, following a decline in production. The Spain-focused sustainable copper producer saw pretax profit fall 84% to EUR 2.1 million from EUR 13.6 million a year earlier. Revenue also decreased by 23% to EUR 69.9 million from EUR 91.2 million. During...
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