Whitehaven Coal’s half-year profit has skyrocketed thanks to a jump in coal prices late last year and increased production.
South32 expects its manganese and coal businesses to be among the beneficiaries of improved demand from China, even though prices are likely to remain volatile.
Mineral Resources has more than doubled its interim dividend on the back of the resurgent iron ore price, declaring 21¢-a-share half-year payout after posting a $140.3 million profit for the period.
China’s CITIC has flagged big impairments to the value of its Pilbara magnetite project for the third year in a row, saying it expected to write down the value of Sino Iron by US$800 ($1038) to US$1 ($1.30) billion in next month’s annual results.
NRW Holdings has lifted its first-half profit by 90 per cent to $11.6 million on the back of a resurgent resources sector.