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Brisbane, Queensland, Australia–(Newsfile Corp. – September 11, 2023) – Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to provide a progress update on its Graphene Aluminium-Ion Battery technology ("G+AI Battery") being developed by GMG and the University of Queensland ("UQ"), and on the transition from coin cells to pouch cell format.

The Company has now made initial G+AI Battery prototype pouch cells (see Figure 1), which have a storage capacity of over 500 mAh, with a nominal voltage of ~ 2 volts. This is a significant development as it shows the Company has matured the battery electro-chemistry and assembly techniques of producing pouch cells with over 10 layers of graphene coated cathode and aluminium foil anode.

Figure 1: Typical G+AI Battery Pouch Cell Prototype

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/180189_gmg1_550.jpg

The next step for the Company is to optimise the assembly techniques of the pouch cell prototypes. This is to achieve repeatable storage capacity of over 500 mAh cells in order to conduct a variety of standard testing conditions for comparative purposes. The Company then intends to pursue producing cells with over 20 double-layers to get a storage capacity of 1000 mAh by using an automatic coating machine, cathode laser cutting equipment, and a semi-automatic stacker, to achieve reproduceable cells for validation trials.

The aforementioned reproduceable cells is to meet an objective for the Rio Tinto Joint Development Agreement. This target is to achieve a repeatable capacity of 1000 mAh by H1 2024 and then produce this pouch cell at scale by H1 2025.

Figure 2: GMG Pouch Cell Prototype Development Process

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/180189_gmg2.png

Battery Technology Readiness Level

The battery technology readiness level ("BTRL") of the Graphene Aluminium-Ion technology has progressed to Level 4 (see Figure 3). GMG is currently optimizing electrochemical behaviour for pouch cells via ongoing laboratory experimentation.

Figure 3: Battery Technology Readiness Level

Source: “The Battery Component Readiness Level (BC-RL) Framework: A technology-specific development framework”, Matthew Greenwood et al

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/180189_gmg3.png

Next Steps Toward Commercialisation & Market Applications

The Company continues to see a broad range of applications for a completed GMG Graphene Aluminium Ion Battery – utilising its ultra-high power-density and nominal energy density characteristics. A range of global companies have confidentially expressed their interest in working with GMG in the following vertical sectors:

– Diesel engine replacement (high load and power requirements)

– Energy storage (in front of, or behind the meter)

– Personal electronics (fast charging and long life)

– Aviation (including vertical take-off and landing)

– Electric vehicles

– Other applications

Next Generation Battery Performance

GMG's next generation Graphene Aluminium Ion Battery performance data (as tested and calculated on coin cells), as compared to the most commonly available lithium-ion batteries, is shown below in Figure 4, with a list of its beneficial characteristics.

Performance results for the pouch cells could be significantly different and will be communicated upon successfully producing a 1000 mAh+ battery pouch cell, and testing has been completed.

Figure 4: Graphene Aluminium Ion Battery Comparative Performance Data (for coin cells)

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/180189_787c8634f4c2f806_005full.jpg

GMG's 4 critical business objectives are:

Produce Graphene and improve/scale cell production processes

Build Revenue from Energy Savings Products

Develop Next-Generation Battery

Develop Supply Chain, Partners & Project Execution Capability

About GMG

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

GMG has developed a proprietary production process to decompose natural gas (i.e. methane) into its elements, carbon (as graphene), hydrogen and some residual hydrocarbon gases. This process produces high quality, low cost, scalable, 'tuneable' and low/no contaminant graphene suitable for use in clean-technology and other applications. The Company's present focus is to de-risk and develop commercial scale-up capabilities, and secure market applications.

In the energy savings segment, GMG has focused on graphene enhanced heating, ventilation and air conditioning ("HVAC-R") coating (or energy-saving paint), lubricants and fluids. In the energy storage segment, GMG and the University of Queensland are working collaboratively with financial support from the Australian Government to progress R&D and commercialization of graphene aluminium-ion batteries ("G+AI Batteries").

For further information please contact:

Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

www.graphenemg.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements relating to the testing and validation of the graphene quality produced in the Company's production process, the economical sustainability of scaling the graphene and battery production processes, the ongoing improvement of graphene quality from the GMG graphene production process and the G+AI Battery performance, the engineering and development of the coin cell and pouch cell with respect to the current battery performance estimates and calculations, the timing and considerations of potential FIDs, anticipated timelines for commercial production, anticipated next steps for the further development of the Company's products, the development and viability of GMG's production facilities, and the location of GMG's production facilities. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, including, but not limited to, the deployment of the Company's resources, that the Company will not be able to test or validate the battery grade quality of graphene needed for its products, that it will not be economically sustainable to scale the graphene or battery manufacturing processes, that the quality of the graphene manufactured by GMG and the performance of the G+AI Battery will not set out to be as estimated, calculated or improve, that the Company will not be able to further develop the coin cell and pouch cell technologies, and the timing or results of any FID. Such risk factors may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, assumptions regarding the Company's ability to research, develop and test its products within anticipated timelines, and that results of testing and development data will be consistent with anticipated results and estimates, and the market demand for the Company's products. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/180189

(Bloomberg) — Private credit funds are considering jumbo loans to help finance bids for coal mines that BHP Group Ltd. is seeking to offload in Australia, people familiar with the matter said.

Most Read from Bloomberg

The funds are in talks to potentially underwrite financing of $2 billion to $3 billion for competing bids from Indonesian mining contractor Bukit Makmur Mandiri Utama Pt (Buma) and Australian coal producer Stanmore Resources Ltd., according to the people, who asked not to be identified speaking about private matters.

The mines are called Daunia and Blackwater in the northeastern state of Queensland. Buma and Stanmore have made initial bids for at least one of them, the people said. A deal for both mines could be valued at about $5 billion, and the remainder of the financing could be arranged by banks, the people added.

Demand for private credit in Asia and globally has been picking up lately, as the $1.5 trillion market worldwide steps in to help finance deals where banks have often pulled back. In the second quarter globally, 34 new funds raised $71.2 billion, more than double the previous three months, according to data from research firm Preqin. In Asia, where the asset class is still growing from a lower base, firms raised $1.4 billion, up from $180 million in the first quarter.

BHP announced its divestment plan in February for Daunia and Blackwater, which it co-owns with Mitsubishi Corp.

Both Buma and Stanmore have made it through to the next round of bidding, the people said. Whitehaven Coal Ltd. is also still in the running for the mines among others, according to the people.

Stanmore is no stranger to private credit. In November 2021, it tapped $625 million from private credit funds managed by Varde Partners, Canyon Capital Advisors, Farallon Capital Asia Pte, and other credit funds to partially fund its acquisition of BHP’s 80% stake in a coal operation joint venture with Mitsui & Co. in Bowen Basin, Queensland.

The other bidder Buma is already a contractor at the coal mine Blackwater, under a A$540 million contract.

Stanmore, Buma, and Whitehaven declined to comment. BHP didn’t respond to a request for comment on the auction timeline and who made it to the next round of bidding.

–With assistance from James Fernyhough, Rob Verdonck and Davide Scigliuzzo.

(Retops and adds context throughout)

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By Tom Westbrook and Dhara Ranasinghe

SINGAPORE/LONDON (Reuters) – Investors looking for clues about the state of China's economy beyond official data are seeing red warnings flash across a range of informal gauges, prompting many to back out of global assets exposed to the slowdown.

The selling is sucking the wind out of stock markets from London to Bangkok and weighing on China proxies from the Australian dollar to New Zealand dairy prices and shares from luxury goods giant LVMH to miner BHP and casino Las Vegas Sands.

As the post-pandemic period has failed to bring a sustained recovery in consumer spending, or to thaw the near-frozen property market, most analysts now figure the world's second-largest economy is going to miss its 5% growth target this year.

Beneath the headlines, investors are even gloomier with higher-frequency and more arcane data from a shrinking current account surplus to ballooning deposits and soft surveys pointing to a deep-seated confidence problem.

"It's pretty weak," said Sat Duhra, a portfolio manager at Janus Henderson who devises a macro score for countries by tracking seven factors including PMI surveys, real exchange rates, current accounts, growth estimates and liquidity.

"PMIs have been weak, GDP is being revised downward. It's a tricky situation," he said. "And I don't see any point, at this point, in taking a bullish view on China when all of these things are going on."

His fund invests in China, but away from economically sensitive sectors such as banks, property or industrials.

Beyond China, which is the largest trading partner of most of its neighbours and other big economies, souring demand is beginning to take a toll.

New Zealand's Fonterra, the world's biggest dairy exporter, has cut its farm gate milk price forecast twice in a month citing "reduced demand from key importing regions." It previously noted that the largest slowdown was in China.

Last week BHP Group posted its weakest annual profit in three years and manganese-focused spinoff South32 said profit fell by nearly two thirds. New Zealand's a2 Milk Co warned of weak growth in China's infant formula market.

Shares of BHP, S32 and a2 fell.

Seema Shah, chief global strategist at Principal Global Investors in London, sees the slowdown biting in Europe, where investors tend to connect the fortunes of German manufacturers with the those of their Chinese customers.

"We have become a bit more gloomy on Europe," she said, noting China also poses a risk to U.S. equities.

RETREAT

This year's run of bad indicators has wrong-footed investors, who had been positioning for companies such as BHP and currencies such as the Australian dollar and Thai baht to rally as China emerged from the COVID-19 pandemic in a blaze of spending.

Instead, Chinese visitors to top destination Thailand, for example, are barely a third of pre-pandemic levels, the baht is stalled and in Asia only Hong Kong's Hang Seng has fallen further than Thai stocks' 6.5% drop.

Even in Japan, the stock market success story of the year so far, portfolio manager Zuhair Khan at UBP Investments says he's shorting or avoiding companies reliant on China sales.

The scale of the problem, with data showing consumer and producer prices falling and youth unemployment running over 20%, indicates an aggressive policy response is needed, and quickly, he said, something that is so far yet to arrive.

To be sure, although they too have lately retreated, stocks of companies such as casino-operator Las Vegas Sands and luxury-goods seller LVMH are up 11% and 16%, respectively, this year, against a 10% gain for world stocks, and some investors remain bullish.

"We expect group travel to resume in late 2023 and support Chinese spend on luxury goods globally," said Prashant Bhayani, Asia chief investment officer at BNP Paribas Wealth Management.

But it's now a waiting game for valuations to reflect more realistic assumptions.

"The China reopening as a thematic has played out to some extent. However, I think more importantly, it has fallen short of initial expectations," said Jagdeep Ghuman, a portfolio manager for U.S. asset manager Nuveen.

"It’s (now) very much on a case by case basis, driven by valuations. Overall we have seen that reset of expectations play out in the market and so there has been volatility in the shares of these companies."

(Reporting by Tom Westbrook and Rae Wee in Singapore, Dhara Ranasinghe in London and Summer Zhen and Xie Yu in Hong Kong. Editing by Sam Holmes)

Brisbane, Queensland, Australia–(Newsfile Corp. – August 28, 2023) – Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to outline important commercialisation progress and sales development of THERMAL-XR® powered by GMG Graphene.

THERMAL-XR® powered by GMG Graphene

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/178644_57b4434074bb08bd_001full.jpg

THERMAL-XR ® Coating Blending Project | Initial Production & Capabilities

The Company is pleased to announce that it has commissioned its graphene enhanced coating blending plant and it is now operational after making its first 1000 litre blend. This blending plant is expected to have the capacity to produce up to 500,000 litres of THERMAL-XR® RESTORE® coating per annum, subject to graphene production, when operating two blends per eight hour shift, 250 days per year. This capacity enables future service growth well into the future.

GMG Projects & Operations Staff involved in commissioning the first 1000 litre of THERMAL-XR® RESTORE

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/178644_graphenefig2.jpg

GMG has also installed laboratory facilities for quality and control requirements and progressing research and development, to extend and enhance the THERMAL-XR® portfolio into additional industries and applications.

GMG's Managing Director and CEO, Craig Nicol, commented: "We are very excited to commission our own blend plant and to have manufactured 1000 litres of THERMAL-XR® RESTORE as part of our distributor's initial orders, which are subject to in-country regulatory approvals. This is an important step to becoming a globally recognised manufacturer and marketer of energy-saving products."

Since the February 2023 Australian Government approval for GMG to produce and sell TXR at scale, the Company has intensified sales activities that have resulted in distribution agreements in North America, Singapore, Thailand, Indonesia, and South Korea to the Heating, Ventilation and Air-Conditioning-Refrigeration (HVAC-R) market. Furthermore, wider potential industries are being assessed including energy savings applications in Data Centres and for Energy Producers e.g. Liquified Natural Gas Plants, where THERMAL-XR® has the potential to increase production capacity and energy efficiency.

Important initial and forward sales orders have been received from HVAC-R distributors and these are being reviewed against their market introduction timelines and their local country approvals. The application to the USA’s Environmental Protection Agency (EPA) for approval of THERMAL-XR® with all the supporting scientific testing is to be submitted shortly with a statutory 30-day review period. Given the number of approved graphene material products, the Company is confident of an approval.

Total forward sales orders received to date will be communicated to the market in a forth coming update.

The Company has received and is assessing requests by various parties to be Distributors around the world – especially in Europe and Asia for the HVAC-R market. The Company is also working with various large companies on the potential use of THERMAL-XR® in vehicle radiators, solar cells and industrial applications. The Company believes the LNG industry remains a highly attractive opportunity for the use of THERMAL-XR® given the large potential economic and environmental benefit it could provide for LNG plants. A testing program with LNG producers is in the process of being developed and implemented.

About THERMAL-XR® powered by GMG Graphene:

THERMAL-XR® COATING SYSTEM is a unique method of improving the conductivity of corroded heat exchange surfaces and improving and maintaining the performance of new units at peak levels. The process coats and protects heat exchange surfaces while improving and rebuilding the lost corroded thermal conductivity and increasing the heat transfer rate by leveraging the physics of GMG Graphene, resulting in an efficiency improvement and a potential power reduction.

THERMAL-XR RESTORE® is powered by GMG Graphene. PATENT PENDING

About GMG www.graphenemg.com

GMG is a clean-technology company which seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

For further information please contact:

Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the expected benefits and capabilities of the blending plant, including its ability to produce up to 500,000 litres of THERMAL-XR® RESTORE® per annum and that it will service growth well into the future, the developments of extensions and enhancements to the THERMAL-XR® portfolio into a wider range of applications, the potential for THERMAL-XR® to enable energy producers to produce additional energy more efficiently, the continuous requests of parties to be Distributors around the world, the large comparative benefit the use of Thermal XR® could provide for LNG plants, and the timing and communication of forward sales orders to the market.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the ability of the blending plant to produce up to 500,000 litres of THERMAL-XR® RESTORE® per annum and service growth well into the future, the development of extensions and enhancements to the THERMAL-XR® portfolio into a wider range of applications, that energy producers will be able to derive the expected benefits from the Company's products, parties continuing to request to be Distributors around the world, the expected benefits that Thermal XR® could provide for LNG plants, and that the Company will communicate its forward sales orders to the market shortly. Additionally, forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: that the blending plant will not have the capacity to produce up to 500,000 litres of THERMAL-XR® RESTORE® per annum or be able to service growth well into the future, that there will be no developments of extensions or enhancements to the THERMAL-XR® portfolio into a wider range of applications, that parties will not continue to request to be Distributors, that Thermal XR® will not provide comparative benefits for LNG plants, that the Company will not communicate its forward sales orders on the expected timeline, if at all, that energy producers will not derive the expected benefits from the Company's products, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, the failure of the Company to obtain regulatory approvals, attract and retain skilled personnel, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 18, 2022 available for review on the Company's profile at www.sedarplus.ca.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/178644

Key Insights

Institutions' substantial holdings in BHP Group implies that they have significant influence over the company's share price
45% of the business is held by the top 25 shareholders
Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock

A look at the shareholders of BHP Group Limited (ASX:BHP) can tell us which group is most powerful. With 49% stake, institutions possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.

Let's take a closer look to see what the different types of shareholders can tell us about BHP Group.

See our latest analysis for BHP Group

ownership-breakdownWhat Does The Institutional Ownership Tell Us About BHP Group?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

As you can see, institutional investors have a fair amount of stake in BHP Group. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at BHP Group's earnings history below. Of course, the future is what really matters.

earnings-and-revenue-growth

BHP Group is not owned by hedge funds. BlackRock, Inc. is currently the company's largest shareholder with 7.1% of shares outstanding. The second and third largest shareholders are State Street Global Advisors, Inc. and The Vanguard Group, Inc., with an equal amount of shares to their name at 5.1%.

Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

Insider Ownership Of BHP Group

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Our most recent data indicates that insiders own less than 1% of BHP Group Limited. As it is a large company, we'd only expect insiders to own a small percentage of it. But it's worth noting that they own AU$60m worth of shares. In this sort of situation, it can be more interesting to see if those insiders have been buying or selling.

General Public Ownership

The general public– including retail investors — own 47% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.

Next Steps:

I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that BHP Group is showing 2 warning signs in our investment analysis , and 1 of those is concerning…

If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Canada Carbon Inc.

Toronto, Ontario, Canada, Aug. 24, 2023 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the "Company" or "Canada Carbon") (TSX-V:CCB),(FF:U7N1) is is pleased to announce that it has entered into an Amended Surface Access Agreement (the “Surface Access Agreement”) with 9007-2224 Quebec Inc. (the “Landholder”) in respect to its Miller Property located in Grenville Township in Quebec (the “Miller Property”). The Surface Access Agreement, which supersedes the Amended Surface Access Agreement dated August 17, 2018, provides the Company with surface access for another five years commencing on August 17, 2023 (the “Term”) and allows the Company to carry out a regular graphite prospecting and exploration program including, but not limited to, conducting topographic, geological, geochemical and geophysical surveys, conducting underground or surface excavations, explorations and drillings, digging and trenching, and obtaining and testing geochemical or metallurgic samples.

Pursuant to the Surface Access Agreement, and subject to the prior approval of the TSX Venture Exchange, the Company has agreed to pay the Landholder $8,000 in cash (plus applicable tax) in the first year of the Term, and for each subsequent year of the Term and until the Company begins operating the Miller Property as a mine (not including milling for the purposes of testing or milling by a pilot plant) (“Commercial Production”), the Landholder may elect to receive either 40,000 common shares in the capital of the Company, or a payment of $8,000 in cash (plus applicable tax).

Should Canada Carbon begin Commercial Production during the Term, the payments outlined above will cease and the Landholder will be entitled to a 2.5% net smelter royalty upon and subject to the terms of a Royalty Agreement with the Landholder (the “Royalty Agreement”).

The Surface Access Agreement grants the Company an exclusive and irrevocable option to acquire or lease all or part of the Miller Property from the Landholder reasonably necessary for the extraction of mineral substances (the “Option”). If the Company exercises the Option, either by acquiring or leasing all or part of the Miller Property prior to the expiry of the Term, the Term will be extended through the period of Commercial Production.

About Canada Carbon Inc.

Canada Carbon Inc. is a mining exploration and development company focused on the acquisition, exploration and development of graphite deposits. The Company holds a 100% interest in two strategic, past-producing graphite properties located in Quebec: the Miller Graphite Project located in Grenville-Sur-La-Rouge and the Asbury Graphite Mine located in Notre-Dame-du-Laus. Canada Carbon is committed to realizing its potential as a high-quality graphite producer while maintaining the highest standards of social and environmental responsibility. For more information on Canada Carbon's mining activities,please visit our website at www.canadacarbon.com.

CANADA CARBON INC. “Ellerton Castor”Chief Executive Officer and Director Contact Information E-mail inquiries: info@canadacarbon.com P: (905) 407-1212

FORWARD LOOKING INFORMATION This press release contains statements that constitute “forward-looking information” (“forward-looking information”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this press release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking information in this press release includes statements regarding the Miller Property, the Surface Access Agreement and the Royalty Agreement, and other matters related thereto. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include but are not limited to: compliance with extensive government regulations; financial abilities; the ability to develop the Miller Graphite Deposit; domestic and foreign laws and regulations adversely affecting the Company’s business and results of operations; the impact of COVID-19; and general business, economic, competitive, political, and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

A mix of good numbers and higher precious metal prices on cues from China sent these gold and platinum stocks higher.

Toronto, Ontario–(Newsfile Corp. – August 24, 2023) – Honey Badger Silver Inc. (TSXV: TUF) ("Honey Badger" or the "Company") is pleased to provide an update on its ongoing exploration work at its wholly owned Plata Silver Project, Yukon. The project is located in eastern Yukon, adjacent to Snowline Gold Corp.'s Rogue Project. Field work completed this year was undertaken by a crew contracted from Archer Cathro & Associates (1981) Limited and included prospecting, geological mapping, and geochemical sampling. A total of 308 soil and 56 rock chip samples were collected and are being assayed. Assay results will be released when they have been received and interpreted. The objective of this year's field program was to further define the exploration targets at Plata and to define drill targets for future testing.

The Company's CEO, Dorian L. (Dusty) Nicol, commented, "We remain very excited about the exploration potential at our Plata Project. Our confidence in Plata's potential has been fueled by recent announcements by Snowline Gold Corp. from their Rogue Project, adjacent to Plata. Our geologic mapping this year continues to identify mineralization in a geologic setting similar to Rogue, associated with structures that provided pathways for mineralizing fluids from intrusions. We look forward to receiving the assay results from this season's sampling so that we can interpret them and plan the next steps of work. Meanwhile, the field crews have mobilized to our Groundhog and Clear Lake projects."

Multiple new zones of mineralization were observed during the program, associated with previously identified soil geochemical anomalies. Mineralization observed comprised sulphides and iron oxides associated with silicification and quartz-veining. Field observations will be collated with assay data when they become available. This will lead to recommendations for the next phase of work on this project.

The map below shows the location of the Company's Plata Project in relation to Snowline Gold Corp.'s Rogue Project, where significant gold mineralization is being discovered, including a drill intercept of 553.8 metres of 2.48 g/t Au, beginning from surface (Snowline Gold News Release dated August 3, 2023). Mineralization at Rogue is associated with Cretaceous-age intrusive rocks that comprise the Tintina Belt of gold deposits, including the Fort Knox in Alaska and Eagle deposits near Mayo in Yukon. The geologic setting at Plata is similar, with evidence of intrusive rocks of the same age and fracture and vein style mineralization.

Figure 1: Plata Silver Project

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3204/178355_8fb5f3b804ea1bef_001full.jpg

Technical information in this news release has been approved by Heather Burrell, P.Geo., a senior geologist with Archer, Cathro& Associates (1981) Limited, and Qualified Person (QP) for the purpose of National Instrument 43-101.

About Honey Badger Silver Inc.

Honey Badger Silver is a Canadian silver company based in Toronto, Ontario, that is focused on the acquisition, development, and integration of accretive transactions of silver ounces. The Company is led by a highly experienced leadership team with a track record of value creation backed by a skilled technical team. With significant land holdings in southeast and south-central Yukon, including the Plata property 180 kms to the east of the Keno Hill silver district, as well as Ontario's historic Thunder Bay Silver District, Honey Badger Silver is positioning to be a top-tier silver company.

ON BEHALF OF THE BOARD

Dorian L. (Dusty) Nicol, President & CEO

For more information please visit our website www.honeybadgersilver.com or contact Ms. Michelle Savella for Investor Relations | msavella@honeybadgersilver.com | +1 (604) 828-5886

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking information in this news release includes statements regarding: the structure and anticipated benefits of completing the acquisition of the Cachinal Project (including historical resource estimate and possible positive effects on cash-flow); and any other information herein that is not a historical fact may be "forward-looking information". Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time such assumptions and estimates were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Honey Badger to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Such factors include, but are not limited to, risks relating to capital and operating costs varying significantly from estimates; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public documents filed on SEDAR (www.sedar.com) under Honey Badger's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/178355

Shares of South Africa’s Harmony Gold Mining Company (NYSE: HMY) soared 12.4% through 12:20 p.m. ET after the company issued a pre-earnings announcement for full-year fiscal 2023, ended June 30. Boasting that the company has hit the upper end of previous production guidance for producing between 1.4 million and 1.5 million ounces of gold at a cost of less than 900,000 South African Rand per kilogram (that’s $48,687 per kilo, or about $1,391 per ounce), and noting that gold prices have proven higher than previously predicted, Harmony issued new guidance for this fiscal year. Earnings per share are now expected to flip from a loss last year to a profit this year.

(Bloomberg) — BHP Group Ltd., the world’s biggest miner, missed analysts’ forecasts as its full-year profit slumped, with China’s struggling economy weighing on demand for iron ore and other commodities.

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Twelve months after posting its highest-ever profit as prices soared, the deteriorating economic outlook in the world’s biggest metals consumer has seen BHP’s earnings from iron ore, copper, coal and nickel recording double-digit percentage declines. Inflation, particularly in labor costs, also put pressure on profits, the company said Tuesday.

BHP’s plunging earnings mirror those posted by iron ore rival Rio Tinto Group last month, with miners holding their breath for an upswing in China’s economy since Beijing abandoned “Covid Zero” restrictions last November.

A slew of recent data suggest steel and iron ore demand could contract for the rest of the year, with the Chinese property market still in a trough, and authorities are unwilling to encourage massive building despite the slowdown reflected in July’s industrial output.

Read More: Solving China’s Steel Demand Mystery: Energy Daily

China’s near-term outlook was “contingent on the effectiveness of recent policy measures,” Chief Executive Officer Mike Henry said in a statement Tuesday, adding he expected “buoyant growth in India with strong construction activity underpinning an expansion in steelmaking capacity.”

BHP’s underlying attributable profit from continuing operations fell to $13.4 billion in the 12 months to June 2023, the Melbourne-based company said in a regulatory filing. It will pay a final dividend of 80 cents per share, compared with $1.75 the year before.

Still, BHP said it expects China steel production to reach more than 1 billion tons this calendar year, as it did last year. But in the medium term, “China’s demand for iron ore is expected to be lower than it is today as it moves beyond its crude steel production plateau and the scrap-to-steel ratio rises,” it said in the report.

Henry said on a media call Tuesday that he expected China’s economy to “pick up toward the back end of this year.” New-start property development was the biggest drag on steel demand, but “there’s many parts of the Chinese economy that are actually running quite well,” including green technology and the automotive sector.

BHP has put “future facing commodities” copper, nickel and potash at the center of its growth plans, driven by population growth, urbanization and the clean energy transition. Henry said capital expenditure would increase to around $10 billion in the current financial year, up from $7.1 billion last year, as the company invests more in these minerals.

The miner said it’s studying increasing annual iron ore production from its Australian operations to 330 million tons a year, up from 257 million tons now. BHP gave no update on the progress of the sale of two coal mines in Australia’s Queensland state.

(Updates with steel production forecast in seventh paragraph; iron ore expansion plans in ninth)

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Arm IPO

SoftBank-owned (9984.T) chip designer Arm is set to list on the Nasdaq (^IXIC) in the US and will list under the ticker symbol “ARM.”

The UK-based company made the filing to IPO on Monday but didn’t provide a projected share price in its paperwork.

Arm was bought by SoftBank in 2016 in a $32bn (£25bn) deal.

The company develops central processing unit (CPU) products and related technology, and also provides other chips and software development tools.

CPUs are hot property as many of the world’s leading semiconductor companies rely on them to develop their products — and Arm's customers already include Apple (AAPL), Alphabet (GOOG), and Mercedes-Benz (MBG.DE).

“The starting gun being fired on the IPO of Nvidia’s peer Arm on Nasdaq, having snubbed London as a listing destination, may help provide further fuel for the momentum behind the artificial intelligence story,” AJ Bell investment director Russ Mould said.

Microsoft (MSFT)

Microsoft has submitted a restructured proposal to the CMA for approval of its Activision Blizzard (ATVI) deal under UK law after its original $69bn deal was rejected by competition authorities.

In its new proposals, Microsoft will no longer buy the rights to Activision’s games stored in the cloud. Instead, Activision’s games such as Candy Crush will be sold to games publisher Ubisoft (UBI.PA) who will supply the content to Microsoft and its competitors.

That new development means, Microsoft won’t be able to release Activision Blizzard’s games exclusively on its own cloud streaming service, Xbox Cloud Gaming, opening up this offering to the wider market.

“By no longer purchasing the rights to Activision’s cloud games, Microsoft is hoping that this will appease the CMA and address its concerns over competition, potentially allowing the tie-up to cross the line this time. The deal has divided regulators globally, with Microsoft winning the antitrust greenlight in the EU while facing hurdles in the US and the UK," Victoria Scholar, head of investment at Interactive Investor, said.

“When the CMA blocked the deal in April, Microsoft’s president Brad Smith described it as the tech giant’s ‘darkest days’ of working with the UK and said the decision was ‘bad for Britain.’ While today’s update is a step in the right direction towards regulatory approval, it is not a done deal just yet. Next, the CMA said it will ‘carefully and objectively assess the details.”

BHP (BHP.L)

Australia’s biggest mining company BHP, which shifted its primary listing to Australia in 2022, has cut its dividend in half and reported its lowest annual profit in three years — a 37% fall to $13.4bn.

The company noted lower commodity prices and inflationary pressures.

However, BHP said commodity demand has remained relatively robust in China and India “even as developed world economies have slowed substantially”.

“China’s trajectory is contingent on the effectiveness of recent policy measures. We expect buoyant growth in India with strong construction activity underpinning an expansion in steelmaking capacity. More broadly, there is increased recognition of the importance of critical minerals and strategies across the globe to incentivise investment in supply and demand, which provides opportunities and challenges," BHP said.

BHP also said it is continuing with efforts to sell the Daunia and Blackwater coking coal mines in Queensland, Australia.

“The relatively muted reaction on the part of investors to this news reflects an acceptance that last year was something of a one-off as the invasion of Ukraine led to a short-term bump in commodity prices. Today’s results from BHP reflect a move back to something like reality,” Mould said.

Nvidia (NVDA)

Shares in Nvidia closed up nearly 9% at the end of trading in the US on Monday ahead of the US software company’s latest earnings release on Wednesday.

The tech giant, which makes graphics processing units (GPUs), had its stock boosted after HSBC analysts lifted their price target for the company’s stock from $600 to $780 on an increasing sales forecast for fiscal 2024.

It also comes after Morgan Stanley analysts recently said that Nvidia’s stock is the firm’s top pick following its most recent earnings report.

Nvidia, which is now valued at over $1tn (£786.9bn), has seen its shares surge nearly 200% so far this year due to the company positioning itself as a key player in the artificial intelligence (AI) sector.

However, strategists at Morgan Stanley also recently highlighted that the AI bubble could be nearing a peak.

Watch: Zoom stock pops on earnings beat, guidance raise

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When we invest, we're generally looking for stocks that outperform the market average. And the truth is, you can make significant gains if you buy good quality businesses at the right price. For example, long term Southern Copper Corporation (NYSE:SCCO) shareholders have enjoyed a 74% share price rise over the last half decade, well in excess of the market return of around 44% (not including dividends).

Although Southern Copper has shed US$3.8b from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns.

View our latest analysis for Southern Copper

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

Over half a decade, Southern Copper managed to grow its earnings per share at 23% a year. This EPS growth is higher than the 12% average annual increase in the share price. So it seems the market isn't so enthusiastic about the stock these days.

The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image).

earnings-per-share-growth

It's probably worth noting that the CEO is paid less than the median at similar sized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here..

What About Dividends?

When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Southern Copper, it has a TSR of 125% for the last 5 years. That exceeds its share price return that we previously mentioned. The dividends paid by the company have thusly boosted the total shareholder return.

A Different Perspective

We're pleased to report that Southern Copper shareholders have received a total shareholder return of 67% over one year. Of course, that includes the dividend. That's better than the annualised return of 18% over half a decade, implying that the company is doing better recently. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example – Southern Copper has 2 warning signs (and 1 which is a bit unpleasant) we think you should know about.

But note: Southern Copper may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.

(Bloomberg) — There’s a three-way battle underway for the title of the world’s biggest copper producer.

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After buying Australia’s OZ Minerals Ltd., BHP Group is challenging for the mantle at a time when hitherto leader Codelco has seen output slide as it battles to overhaul aging operations in Chile. In fact, the Melbourne-based firm produced more than Codelco last quarter.

“The risk is if Codelco doesn’t pick up production in 2024 and BHP does, then they could overtake the mighty Codelco” in annual terms, said Bloomberg Intelligence analyst Grant Sporre.

Freeport-McMoRan Inc. briefly moved into first spot last year as it ramped up underground mining in Indonesia, although the US firm has seen its share of output fall after handing over half that asset as a condition for signing a new contract. Sporre has Freeport in third in the years ahead, with Codelco just staving off BHP for the crown.

In a presentation Friday, Codelco’s outgoing CEO Andre Sougarret delivered a trajectory that more or less matched Sporre’s forecasts (see chart below). Still, Codelco has been missing targets for years amid project delays that expose it to even lower quality ore.

Most Read from Bloomberg Businessweek

(Bloomberg) — BHP Group Ltd., South32 Ltd. and a unit of Seriti Resources Holdings Ltd. may face a class action from coal miners with lung disease in South Africa who worked at the companies’ operations over the last six decades.

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Richard Spoor, a South African lawyer who has won compensation for gold and asbestos miners with lung disease, filed a case with the country’s High Court on Tuesday seeking permission to launch a class action.

The Southern African Bishops Conference initiated the case and will seek relief for miners who have worked at the operations since 1965 and their descendants, Spoor’s legal firm said in a statement.

“Every breath can be a struggle in the life of a coal miner suffering from coal-mine lung disease,” Spoor’s firm said. “Miners far too often walk away with incurable lung diseases that require life-long treatments they cannot afford. Many have tragically lost their lives.”

The case is the latest attempt to win compensation for miners and communities in southern Africa affected by the operations they worked at or lived near at times of laxer environmental standards. The papers were filed on behalf of 17 miners.

Spoor has won compensation for asbestos miners who worked for now-defunct South African mining titan, Gencor Ltd., and gold miners who worked for companies including Anglo American Plc. Anglo is facing a separate suit over alleged lead poisoning near a mine in Zambia.

“South32 can confirm it has been served with an application for certification of a class action on behalf of certain mine workers at coal mines in South Africa,” the company, which ran coal mines in the country between 2015 and 2021, said in a response to queries. “This matter is currently being considered by the business. We are unable to comment further.”

BHP, which spun off South32, said it’s yet to receive the claim and hasn’t held mining interests in South Africa since spinning off South32 in 2015. It may respond once it has assessed the claim, the company said.

Seriti didn’t respond to queries.

Motley Rice LLC will act as a legal consultant to the miners.

(Updates with South32 comment in eighth paragraph)

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Rio Tinto RIO will build the largest solar power plant in Canada’s northern territories at its Diavik Diamond Mine. This move aligns with RIO’s global decarbonization objectives, which include a 15% reduction in Scope 1 & 2 emissions by 2025, and 50% by 2030. The company has made a commitment to reach net-zero emissions by 2050.The plant will feature more than 6,600 solar panels. In addition to direct sunlight, the bi-facial panels will help generate energy from the light that reflects off the snow which covers Diavik for most of the year.The solar power plant, which is expected to be fully operational in the first half of 2024, will add to Diavik’s renewable energy generation, which already features a wind-diesel hybrid power facility with a capacity of 55.4 MW powering the site. The solar plant is expected to generate around 4,200 megawatt-hours of carbon-free electricity annually for the mine. It will provide up to 25% of Diavik’s electricity during closure work, which will continue till 2029. It will cut diesel consumption at the site by approximately one million liters per year. It will also help lower emissions by 2,900 tons of CO2 equivalent, which is almost same as eliminating the emissions of 630 cars.The Diavik mine, which is fully owned by Rio Tinto, is Canada’s largest diamond producer with an annual production capacity of 3.5 to 4.5 million carats of rough diamonds per annum. The mine started operating in 2003 and produced over 100 million carats of diamonds ever since. Commercial production is expected to end in the first quarter of 2026.In 2022, the company’s Scope 1 and 2 emissions were 30.3Mt CO2e, which was down 2% year over year and marked a reduction of 7% from its 2018 baseline. In the first half of fiscal 2023, RIO’s Scope 1 and 2 emissions were 15.4 Mt CO2e, 1% lower than the last year’s comparable period. The company has spent $95 million on decarbonization projects in the said period.Rio Tinto plans to invest $7.5 billion in capital between 2022 and 2030 to deliver on its decarbonization strategy. The company has made some advancements in its sustainability efforts during the first half of fiscal 2023. Among these, in April 2023, Rio Tinto Iron and Titanium started BlueSmeltingTM demonstration plant at its metallurgical complex in Sorel-Tracy. This is a part of the process to validate the ground-breaking BlueSmeltingTM technology, which aims to decarbonize RTIT's Quebec Operations. The project is part of a partnership between Rio Tinto and the Government of Canada to invest up to C$737 million ($537 million) over the next eight years to decarbonize the Sorel-Tracy facility and to position the business as a center of excellence in critical minerals processing.In June, Rio Tinto announced that its Boron, CA operation has started operating with a fleet running on renewable diesel. This makes it the first open pit mine in the world to manage this feat. Also, during the month, the company signed a Memorandum of Understanding (MoU) with China Baowu, to explore a range of industry-leading new projects in China and Australia in a bid to decarbonize the steel value chain.

Miners are bringing about radical changes to mining operations with the help of technology and automation to increase productivity and efficiency, reduce costs and improve frontline safety. More importantly, these efforts will help the industry reach its sustainability target by cutting down on carbon emissions, which is the need of the hour considering the severity of climate change.BHP Group BHP recently signed a MoU with Toyota Australia, the Australian subsidiary of the Japanese car manufacturer Toyota TM to enhance safety measures and reduce CO2 emissions at the former’s Australian operations. Toyota’s expertise will aid BHP's progress toward its objective to reduce greenhouse gas emissions by 30% by 2030.To decarbonize its operations, BHP has plans to electrify its fleet of 5000 light vehicles in Australia.Vale S.A VALE has also set target to reduce Scopes 1 and 2 absolute greenhouse gas emissions by 33% by 2030, and achieve net zero Scopes 1 and 2 emissions by 2050. Till 2022, Vale has achieved a reduction of 27% in CO2 emissions, compared with the 2017 base levels.Earlier this year, Vale successfully tested a new type of iron ore briquette, adapted for the direct reduction route. This marks a solid breakthrough as it will aid the steel industry's efforts to achieve emission reduction targets. The new type of briquette emits about 80% less CO2 compared to pellets in its manufacture. The briquette can also be used as a charge for the blast furnace.

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Zacks Investment Research

Anglo American plc (LON:AAL) is about to trade ex-dividend in the next four days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Accordingly, Anglo American investors that purchase the stock on or after the 17th of August will not receive the dividend, which will be paid on the 26th of September.

The company's next dividend payment will be US$0.55 per share, on the back of last year when the company paid a total of US$1.29 to shareholders. Looking at the last 12 months of distributions, Anglo American has a trailing yield of approximately 4.7% on its current stock price of £21.51. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.

View our latest analysis for Anglo American

If a company pays out more in dividends than it earned, then the dividend might become unsustainable – hardly an ideal situation. Anglo American paid out 75% of its earnings to investors last year, a normal payout level for most businesses. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. Over the past year it paid out 169% of its free cash flow as dividends, which is uncomfortably high. We're curious about why the company paid out more cash than it generated last year, since this can be one of the early signs that a dividend may be unsustainable.

Anglo American paid out less in dividends than it reported in profits, but unfortunately it didn't generate enough cash to cover the dividend. Were this to happen repeatedly, this would be a risk to Anglo American's ability to maintain its dividend.

Click here to see the company's payout ratio, plus analyst estimates of its future dividends.

historic-dividendHave Earnings And Dividends Been Growing?

Companies with falling earnings are riskier for dividend shareholders. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. With that in mind, we're discomforted by Anglo American's 7.0% per annum decline in earnings in the past five years. Such a sharp decline casts doubt on the future sustainability of the dividend.

The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Anglo American has delivered 4.8% dividend growth per year on average over the past 10 years. Growing the dividend payout ratio while earnings are declining can deliver nice returns for a while, but it's always worth checking for when the company can't increase the payout ratio any more – because then the music stops.

Final Takeaway

Is Anglo American worth buying for its dividend? It's definitely not great to see earnings per share shrinking. The company paid out an acceptable percentage of its income, but an uncomfortably high percentage of its cash flow over the past year. It's not the most attractive proposition from a dividend perspective, and we'd probably give this one a miss for now.

Although, if you're still interested in Anglo American and want to know more, you'll find it very useful to know what risks this stock faces. Case in point: We've spotted 3 warning signs for Anglo American you should be aware of.

Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers.

July 31 (Reuters) – The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

– BHP expects Indian steelmaking boom to drive its coal business

– UK's nuclear power ambitions for 2050 lack clear plan, say MPs

– UK government cuts cost of polluting in latest anti-green move

– UK needs to step up engagement with Africa on security, says foreign secretary

Overview

– BHP Group's chief commercial officer Vandita Pant has said the rapid expansion of India's steel industry is expected to boost the miner's coal business significantly.

– The British government's goal to more than triple its nuclear power generation capacity by 2050 lacks of a strategic plan to achieve it, according to a report by lawmakers on the House of Commons science, innovation and technology committee.

– The UK government has made it cheaper to pollute in Britain compared with the European Union, by watering down reforms to the carbon market, including offering more allowances than expected to polluting industries.

– British foreign minister James Cleverly has said that the country needs to increase its engagement with African nations on "genuinely sustainable security measures", acknowledging that some countries have turned to the Wagner group to meet an "unfulfilled need".

(Compiled by Bengaluru newsroom)

Toronto, Ontario–(Newsfile Corp. – July 31, 2023) – Honey Badger Silver Inc. (TSXV: TUF) ("Honey Badger" or the "Company") announces that Dorian L. (Dusty) Nicol has been appointed as the Company's interim Chief Executive Officer ("CEO"), replacing George Davis. Nicol has been serving as Honey Badger's Chief Operating Officer.

Chad Williams, the Company's Non-Executive Chairman, said, "We are grateful that Dusty has agreed to step into this role. His track record in evaluating mineral deposits and as a corporate executive will be invaluable to Honey Badger as it positions itself for growth in the silver space. Honey Badger has been very active in searching for value-accretive transactions and also preparing for exploration on its prospective existing silver projects while the sentiment in the silver mining sector remains exceptionally weak. We want to be in a position of strength for what we believe will be an inevitable important rise in the price of silver. We look forward to providing news on this front shortly. I have voluntarily agreed to defer 100% of my cash compensation indefinitely until the silver market improves so that Honey Badger can be as financially strong as possible in the interim. We sincerely thank George for his services and wish him the best in his future endeavors."

About Honey Badger Silver Inc.

ON BEHALF OF THE BOARD

Chad Williams, Non-Executive Chairman

For more information please visit our website www.honeybadgersilver.com or contact Ms. Michelle Savella for Investor Relations | msavella@honeybadgersilver.com | +1 (604) 828-5886

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/175402

Southern Copper Corporation (NYSE:SCCO) will increase its dividend from last year's comparable payment on the 23rd of August to $1.00. This will take the dividend yield to an attractive 4.1%, providing a nice boost to shareholder returns.

See our latest analysis for Southern Copper

Southern Copper Is Paying Out More Than It Is Earning

A big dividend yield for a few years doesn't mean much if it can't be sustained. Before making this announcement, the company's dividend was much higher than its earnings. This situation certainly isn't ideal, and could place significant strain on the balance sheet if it continues.

The next 12 months is set to see EPS grow by 6.7%. If the dividend continues on its recent course, the payout ratio in 12 months could be 105%, which is a bit high and could start applying pressure to the balance sheet.

historic-dividendDividend Volatility

The company's dividend history has been marked by instability, with at least one cut in the last 10 years. The annual payment during the last 10 years was $3.71 in 2013, and the most recent fiscal year payment was $3.50. Payments have been decreasing at a very slow pace in this time period. Generally, we don't like to see a dividend that has been declining over time as this can degrade shareholders' returns and indicate that the company may be running into problems.

Southern Copper Might Find It Hard To Grow Its Dividend

With a relatively unstable dividend, it's even more important to evaluate if earnings per share is growing, which could point to a growing dividend in the future. We are encouraged to see that Southern Copper has grown earnings per share at 25% per year over the past five years. Strong earnings is nice to see, but unless this can be sustained on minimal reinvestment of profits, we would question whether dividends will follow suit.

The Dividend Could Prove To Be Unreliable

In summary, while it's always good to see the dividend being raised, we don't think Southern Copper's payments are rock solid. Strong earnings growth means Southern Copper has the potential to be a good dividend stock in the future, despite the current payments being at elevated levels. We would be a touch cautious of relying on this stock primarily for the dividend income.

Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. However, there are other things to consider for investors when analysing stock performance. For example, we've identified 2 warning signs for Southern Copper (1 shouldn't be ignored!) that you should be aware of before investing. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers.

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Anglo American (LON:AAL) First Half 2023 ResultsKey Financial Results

Revenue: US$15.7b (down 14% from 1H 2022).
Net income: US$1.26b (down 66% from 1H 2022).
Profit margin: 8.1% (down from 20% in 1H 2022).
EPS: US$1.04 (down from US$3.03 in 1H 2022).

earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Anglo American EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 1.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to remain flat.

Performance of the British Metals and Mining industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Anglo American that you should be aware of.

Brisbane, Queensland, Australia–(Newsfile Corp. – July 28, 2023) – Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to advise that Scott Richardson has been appointed Interim Chief Financial Officer (CFO) effective 31 July, 2023. The Company is also pleased to advise that the executive search for a permanent CFO is progressing well following the 26th May, 2023 announced departure of the current CFO Frederick Kotzee effective 31 July, 2023.

Scott comes with Interim CFO role experience drawing on over 20 years of finance leadership roles including as CFO, Financial Controller and other financial roles in publicly listed and private companies – including Austin Engineering, Downer Mining, Cleanaway, Macarthur Coal, BGW Group, quantum crypto key company Quintessence Labs and cloud marketing technology company XPON. Scott has a Bachelor of Business (Accounting), Graduate Diploma of Business Administration and is a CPA.

The Company is also pleased to appoint Andrew Small as a Director effective 31 July 2023. Andrew was a Founder and Director of Innogence, a SAP Business Intelligence consultancy in Australia which following significant growth was acquired by the Japanese multinational company NTT Data. Andrew has supported and invested in GMG since 2017, remains a significant shareholder of the Company and is committed to actively supporting the Company's drive to deliver on its plans and set it up for the next stage of maturity. Andrew has a Bachelor of Engineering (Manufacturing Systems) and a Bachelor of Business (Marketing) from Queensland University of Technology.

GMG's CEO Craig Nicol stated, "I'm looking forward to Scott's contributions to a wide range of finance and business areas to support GMG's ongoing development. I am very happy to see Andrew joining the board with his entrepreneurial mindset as we mature into commercial operations. I look forward to working with both of them as we expect to progress the company through a range of planned near term milestones including ramping up TXR sales, meeting our Battery development milestones, and starting up our new graphene manufacturing expansion plant and Thermal XR blending plant over the next 6 months."

Guy Outen, GMG's Chair added, "I'm delighted to welcome Scott and Andrew to GMG. Scott's past Interim CFO and CFO successes in listed companies' reporting, debt and equity financings, and a wide range of finance responsibilities will support continued progress by the Company. I am also very pleased to welcome Andrew to the board as his strong commercial 'scale up' experience will be a great asset over the upcoming high opportunity period for GMG"

GMG's 4 critical business objectives remain to:

Produce Graphene and improve/scale the production process

Build Revenue from Energy Savings Products

Develop Next-Generation Battery

Develop Supply Chain, Partners & Project Execution Capability

About GMG

GMG is a disruptive Australian-based clean-tech company listed on the TSXV (TSXV: GMG) that produces graphene and hydrogen by cracking methane (natural gas) instead of mining graphite. By using the company's proprietary process, GMG can produce high quality, scalable, 'tuneable' and no/low contaminant graphene – enabling demonstrated cost and environmental improvements in a number of world-scale planet-friendly/clean-tech applications. Using this low input cost source of graphene, the Company is developing value-added products that target the massive energy efficiency and energy storage markets. The Company is pursuing additional opportunities for GMG Graphene, including developing next-generation batteries, collaborating with world-leading universities in Australia, and investigating the opportunity to enhance the performance of lubricant oil and performance enhanced HVAC-R coating system.

For further information please contact:

Craig Nicol, Chief Executive Officer & Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications Investor Relations, leo@fcir.ca, +1 647 689 6041

www.graphenemg.com

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding the effective date on which Mr. Kotzee will be leaving the Company, the effective date on which Mr. Richardson will become the Interim Chief Financial Officer (ICFO), the effective date on which Mr. Small will become a director, the contributions Mr. Richardson will make to the company in his capacity as ICFO, the duration of Mr. Richardson's service as ICFO, the maturation of the Company into commercial production, the timing and success of starting up the Company's new graphene manufacturing expansion plant and Thermal XR blending plant, and the ongoing executive search for a new CFO.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things risks relating to the effective date on which Mr. Kotzee will be leaving the Company, the effective date Mr. Richardson will become the ICFO, the effective date Mr. Small will become a director, Mr. Richardson's contributions as ICFO differing from management's current expectations, Mr. Richardson not retaining the position of ICFO until a new CFO is found and appointed, the Company not maturing into commercial operations on the expected timelines, if at all, the Company failing to achieve its planned milestones around starting up GMG's new graphene manufacturing expansion plant and Thermal XR blending plant on the timelines contemplated, if at all, and that the ongoing executive search for a new CFO will be unsuccessful or prolonged.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the effective date on which Mr. Kotzee will be leaving the Company, the effective date Mr. Richardson will become the ICFO, the effective date Mr. Small will become a director, the positive impact that Mr. Richardson, as the ICFO, will have on the Company's development, Mr. Richardson retaining the position of ICFO throughout the ongoing executive search for a new CFO, the Company maturing into commercial production, the timing and content of milestones around the Company's new graphene manufacturing expansion plant and Thermal XR blending plant, and that the ongoing executive search for a new CFO will be successful.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/175196

Investors in Harmony Gold HMY need to pay close attention to the stock based on moves in the options market lately. That is because the Aug 18, 2023 $1.00 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?

Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?

Clearly, options traders are pricing in a big move for Harmony Gold shares, but what is the fundamental picture for the company? Currently, Harmony Gold is a Zacks Rank #3 (Hold) in the Mining – Gold industry that ranks in the Bottom 29% of our Zacks Industry Rank. Over the last 30 days, one analyst has increased the earnings estimate for the current quarter, while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 14 cents per share to 18 cents in that period.Given the way analysts feel about Harmony Gold right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

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Brisbane, Queensland, Australia–(Newsfile Corp. – July 27, 2023) – Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that GMG has signed a THERMAL-XR® distribution agreement with Nu-Calgon Wholesaler, Inc ("Nu-Calgon"). Nu-Calgon is the leading Heating Ventilation Air Conditioning, and Refrigeration (HVAC-R) specialty chemical supplier in North America and will partner with GMG to provide THERMAL-XR® to the HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean.

Nu-Calgon, formerly Calgon Corporation and Calgon Vestal Laboratories, has been a leader in North America's HVAC-R aftermarket for over 70 years. It is strategically headquartered in St. Louis, Missouri, where it distributes its products to thousands of distribution and stocking locations. THERMAL-XR® allows Nu-Calgon to continue distributing HVAC-R coatings to their existing distributors with the added value of graphene-enhanced superior heat transfer and corrosion protection.

GMG is in the process of obtaining USA EPA approval for the THERMAL-XR® and is reviewing the requirements for Canada, Mexico and the Caribbean countries.

GMG's Managing Director and CEO, Craig Nicol, stated: "We are excited to work with one of the best HVAC-R speciality chemical companies in the North America market with the goal of increasing revenue from our Energy Savings solutions – one of our key objectives for 2023. Nu-Calgon has a great distribution network, a system to train contractors and deploy THERMAL-XR® and many years of industry experience. Both parties plan to announce the partnership in more detail as the formal launch date is finalised later this year. I commend the GMG team led by Mark Lock, the General Manager of Sales and GMG's North American Representative Steve Hutchcraft, for their leadership."

DeWight Wallace, Nu-Calgon's President, commented: "We are very pleased to work with GMG on introducing the THERMAL-XR® product into the HVAC-R markets for North America – We are always looking for new and innovative technologies and solutions for the HVAC-R market. Thermal-XR is a great fit and will help contractors provide real energy savings to the end user. We are excited to launch this product through our existing distribution network in early 2024 and look forward to providing its Energy-Saving opportunities for our customers."

Figure 1

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8082/175052_7df32eaf342c1aae_001full.jpg

GMG's 4 critical business objectives are:

Produce Graphene and improve/scale production process

Build Revenue from Energy Savings Products

Develop Next-Generation Battery

Develop Supply Chain, Partners & Project Execution Capability

About Nu-Calgon (www.nucalgon.com)

Nu-Calgon supplies a complete line of specialty chemical products for the HVACR aftermarket that includes: coil cleaners, leak sealants, air purifiers and refrigeration oils, water treatment, ice machine maintenance, and other specialty applications. These products are marketed to air conditioning, heating, refrigeration, and plumbing wholesalers, food service/restaurant suppliers and OEMs.

Nu-Calgon has dedicated factory sales professionals located across the United States and Canada, providing many years of sales and product experience. A state-of-the-art order entry system accesses the Nu-Calgon inventory at the centralised distribution center, enabling prompt, accurate order processing and complete order shipment within 24 hours.

About GMG (www.graphenemg.com)

GMG is a clean-technology company that seeks to offer energy saving and energy storage solutions, enabled by graphene, including that manufactured in-house via a proprietary production process.

For further information, please contact:

Craig Nicol, Chief Executive Officer and Managing Director of the Company at craig.nicol@graphenemg.com, +61 415 445 223
Leo Karabelas at Focus Communications, info@fcir.ca , +1 647 689 6041

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends", "expects" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, the continued engagement and collaboration with Nu-Calgon pursuant to the distribution agreement, Nu-Calgon's plan to purchase GMG's THERMAL-XR® for resale in HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean, the ability of GMG to obtain EPA approval for TXR sales in the USA, the ability of the distribution agreement with Nu-Calgon to result in the benefit's management expects, Nu-Calgon's plans to launch THERMAL-XR in early 2024, the timing and content of future announcements relating to GMG and Nu-Calgon's partnership, and the Company's and Nu-Calgon's planned or contemplated business, development, and activities and the timelines relating thereto. These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements.

Such forward-looking statements are based on a number of assumptions of management, including, without limitation, assumptions regarding the continued engagement with Nu-Calgon pursuant to the distribution agreement, the plans for Nu-Calgon to purchase GMG's THERMAL-XR® for resale in HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean, the ability of GMG to obtain EPA approval for TXR sales in the USA, the ability of GMG to sell THERMAL-XR in Canada, Mexico, and Caribbean countries, the expected benefits of the engagement with Nu-Calgon pursuant to the distribution agreement, the expectation for Nu-Calgon to launch THERMAL-XR in early 2024, that the timing and content of future announcements regarding GMG and Nu-Calgon's partnership will align with management's expectations, and the feasibility of the Company and Nu-Calgon achieving the planned or contemplated business, development, and activities and the timelines relating thereto. Additionally, forward-looking information involve a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of GMG to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: the engagement with Nu-Calgon pursuant to the distribution agreement will not continue as expected, the results of the distribution agreement with Nu-Calgon will differ from current expectations, Nu-Calgon will not purchase GMG's THERMAL-XR® for resale in HVAC-R markets in the United States of America, Mexico, Canada and the Caribbean, GMG will not be able to obtain EPA approval for TXR sales in the USA, the Company will be unable to sell TXR in Canada, Mexico and various parts of the Caribbean, the Company will not benefit from the Nu-Calgon distribution agreement as expected, Nu-Calgon may not launch THERMAL-XR on its expected timeline, the Company's current business objectives and business focus may change, the Company and Nu-Calgon may not achieve the planned or contemplated business, development, and activities and the timelines relating thereto, customer interest and market demand for the use of THERMAL-XR® products will not be as expected, public health crises such as the COVID-19 pandemic may adversely impact the Company's business and the ability of Nu-Calgon to distribute the Company's products as anticipated, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the volatility of global capital markets, political instability, unexpected development and production challenges, unanticipated costs and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated October 18, 2022 available for review on the Company's profile at www.sedar.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/175052

Barclays (BARC.L)

Banking giant Barclays (BARC.L) posted a first-half profit that was in line with expectations on Thursday, coming in at £4.6bn ($5.95bn). The average analyst forecast came in at £4.5bn.

In the same quarter a year ago pre-tax profits were sitting at £3.7bn.

It announced a share buyback of £750m for Q2 – a number which beat analyst expectations of £575m.

Its consumer and credit card business propped up numbers as it battles with dipping revenues in its investment bank during a down period for corporate dealmaking.

Personal Banking income increased 19% to £2.5bn, driven by higher interest rates, partially offset by factors it called "mortgage margin compression and lower current accounts deposit volumes in line with wider market trends and cost of living pressures."

Shell (SHEL.L)

Energy giant Shell (SHEL.L) has felt the sharp end of falling energy prices in the first half of 2023, as its second quarter profits fell 56% to $5bn (£3.86bn). This missed analysts expectations.

It announced a $3bn share buyback programme – a decrease from its $3.6bn programme in the previous quarter. It increased its quarterly dividend by 15% to $0.331 per share.

It explained that adjusted earnings are lower than in Q1 2023 due to "lower prices and trading & optimisation results."

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