Anglo American plc Production Report for the fourth quarter ended 31 December 2017.
Anglo American reports a 5% increase in total production on a copper equivalent basis for 2017. This was achieved despite actions taken to remove higher cost volumes in platinum and metallurgical coal, which resulted in a 2% decrease in Q4 2017 copper equivalent production compared to Q4 2016(1).
Coffey announced that Cross Yarra Partnership has signed a contract with Melbourne Metro Rail Authority to finance, design, construct and maintain the Tunnel and Stations Package for approximately 25 years as part of the Metro Tunnel Project.
BHP released its full year results on 22 August 2017:
MMG Limited announced its second quarter 2017 production result, producing 142,876 tonnes of copper in the three months to June, driven by strong output at the Las Bambas and Kinsevere operations.
Sotkamo Silver has completed the latest Technical Report of the Silver Mine project including updated feasibility study. Based on the economic analysis in this feasibility study, the Silver Mine project is, with current assumptions and knowledge, notably profitable. The Mineral Resources and Ore Reserves in the Technical Report has been prepared and classified in accordance JORC Code, 2012 Edition.
BHP Chief Executive Officer Andrew Mackenzie today updated progress on the Company’s roadmap to grow long-term shareholder value.
The Queensland Resources Council is extremely concerned to see the broadening of the work of the select committee into Coal Workers’ Pneumoconiosis (CWP) before the first inquiry has been finalised. QRC Chief Executive Ian Macfarlane said to change the scope at this stage is unhelpful.
SMT Scharf AG (WKN 575198, ISIN DE0005751986) improved its operating earnings by 8.7% to EUR 2.5 million in the fiscal year elapsed (2015: EUR 2.3 million). As expected at the start of 2016, revenue of EUR 42.6 million was tangibly below the previous year's level (2015: EUR 50.3 million). The Group achieved an EBIT margin of 5.9% (2015: 4.6%) on total operating revenue of EUR 42.2 million (2015: EUR 50.0 million). At the bottom line, SMT Scharf achieved a further year-on-year improvement in consolidated net income to EUR 1.9 million (2015: EUR 1.5 million).
The consolidated revenue of SMT Scharf AG (WKN 575198, ISIN DE0005751986) amounted to EUR 42.0 million in the 2016 fiscal year on the basis of preliminary IFRS results (2015: EUR 50.3 million). Operating profit improved year-on-year.
Production to decline by as much as 40 million tons; prices will not benefit shareholders or stimulate new investment; anemic exports; few gains from regulatory relief; increasingly dim employment prospects
SMT Scharf AG is reporting a considerable improvement in its operating results during the first months of the current fiscal year. The declining revenue trend at the start of the year stabilised in the third quarter, reflecting robust service business offsetting reductions in new equipment business.
