A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
- Global mining group BHP announced Monday that in the financial year ended 30 June 2023 , its revenue decreased by 17% y-o-y to $53.8 billion primarily as a result of significantly lower prices across iron ore, metallurgical coal, and copper.
BHP said while it increased copper, iron ore and nickel sales volumes, and exchange rates were favorable, profit from operations and underlying EBITDA decreased primarily as a result of the lower prices across major commodities, and the impacts of inflation on its underlying cost base, particularly on labor, diesel and electricity prices.
“This brings total cash dividends announced for FY23 to $1.70 per share, including an additional amount of $1.9 billion above the minimum payout policy, and making this the third largest full year ordinary dividend declared,” the company said in a press release.
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