Previous Close | 52.00 |
Open | 52.00 |
Bid | 53.00 x 12200 |
Ask | 53.50 x 12000 |
Day's Range | 52.00 - 52.00 |
52 Week Range | 44.20 - 73.00 |
Volume | |
Avg. Volume | 172 |
Market Cap | 187.413B |
Beta (5Y Monthly) | 0.82 |
PE Ratio (TTM) | 8.22 |
EPS (TTM) | 6.32 |
Earnings Date | N/A |
Forward Dividend & Yield | 6.14 (11.59%) |
Ex-Dividend Date | Feb 24, 2022 |
1y Target Est | 62.05 |
A U.S. appeals court has ruled that the federal government may give thousands of acres in Arizona to Rio Tinto Plc for a copper mine, upholding a lower court's ruling and rejecting a request from Native Americans who said the land has religious and cultural import. The 2-1 ruling from the San Francisco-based 9th U.S. Circuit Court of Appeals, issued late Friday night, essentially defers to a 2014 decision made by the U.S. Congress and then-President Barack Obama to give the land to Rio for its Resolution Copper project as part of a complex land swap deal. Apache Stronghold, a nonprofit group comprised of members of the San Carlos Apache tribe and others, said it would appeal to the U.S. Supreme Court.
Queensland's bigger-than-expected hike in coal royalties could embolden other Australian states and resources-heavy countries around the world to make similar moves, analysts warned on Wednesday. Australia's second-largest state, which aims to deliver a budget surplus by 2024-25, said on Tuesday it would increase royalties on coal production after a 10-year freeze, to capture windfall profit from rocketing coal prices. The move promises an extra A$1.2 billion ($836 million) in 2023 financial year taxes for the state that's home to coal mines owned by industry leaders like BHP Group Ltd, Glencore PLC, Anglo American PLC and Peabody Energy Corp.
Miners Vale SA and BHP Group said in a joint statement on Monday they are not interested in selling their joint venture Samarco, after reports of the interest of Brazilian steelmaker Companhia Siderurgica Nacional (CSN). "BHP Brasil and Vale say Samarco is not for sale and reaffirm its support for the restructuring plan filed by the employees' unions," the companies said in a joint statement. CSN is drafting an offer to acquire miner Samarco Mineracao SA, which will be presented by its adviser RK Partners to the bankruptcy court judge overseeing its debt restructuring, two people with knowledge of the matter said.