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* Extra gas output needed by mid-decade

* First 30 PJ of extra output expected in 2023

* Exxon vying with proposed LNG import terminals (Adds BHP comment, LNG import background)

By Sonali Paul and Sameer Manekar

MELBOURNE, March 17 (Reuters) – Exxon Mobil Corp and BHP Group said on Thursday they will go ahead with a project to boost gas output from their Gippsland Basin Kipper field off southeast Australia, which would help fill a looming gas shortage in the local market.

Exxon's Esso Australia said the project would cost about A$400 million ($291 million) to extract an additional 200 petajoules (PJ) of gas over the coming five years, adding that about 30 PJ will be produced next year.

The country's regulators have warned that eastern Australia faces a gas shortfall from 2026, largely because the ageing gas fields in the Gippsland Basin Joint Venture, which has been the biggest supplier into the market for decades, are drying up.

Esso operates the joint venture in a 50-50 partnership with global miner BHP.

The extra production from the Gippsland Basin will come online ahead of five proposed liquefied natural gas (LNG) import terminals, looking to serve the same market. Only one of those has begun preliminary construction work.

BHP's stake in the Gippsland Basin joint venture is set to go to Woodside Petroleum pending a vote of the Australian company's shareholders in May on a merger with BHP's petroleum business.

BHP will continue to contribute its 50% share of the Gippsland Basin Joint Venture's development spending for as long as it remains a stakeholder, a BHP spokesperson said.

Esso Australia also said it was advancing funding decisions to begin production from the Turrum field in Bass Strait, offshore Victoria.

($1 = 1.3723 Australian dollars) (Reporting by Sameer Manekar in Bengaluru and Sonali Paul in Melbourne; Editing by Uttaresh.V and Rashmi Aich)

Teck Resources Ltd

VANCOUVER, British Columbia, March 17, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck”) announced today the release of our 21st annual Sustainability Report, highlighting our sustainability and ESG performance in 2021 and progress on our sustainability strategy goals.

“Our focus at Teck is on responsibly providing the essential resources needed to improve the global standard of living while caring for people, communities and the environment,” said Don Lindsay, President and CEO. “Our annual Sustainability Report outlines our ESG performance for the year and the progress we’ve made towards achieving the goals of our sustainability strategy.”

Teck’s approach to responsible mining is underpinned by a long-term sustainability strategy, which sets out goals in the areas of Health and Safety, Climate Change, Responsible Production, Our People, Water, Tailings Management, Communities and Indigenous Peoples, and Biodiversity and Reclamation. This includes our recently expanded net-zero climate strategy, which builds on our existing commitment to achieve net-zero emissions across operations by 2050. Under the expanded strategy, we have set a goal to achieve net-zero Scope 2 (purchased electricity) greenhouse gas emissions by 2025 and announced an ambition to achieve net-zero Scope 3 (value chain) emissions by 2050.

“Teck is already one of the world’s lowest carbon-intensity producers of copper, zinc and steelmaking coal, and we are taking significant action to support a cleaner future and further reduce our carbon through our expanded climate strategy,” said Marcia Smith, Senior Vice President, Sustainability and External Affairs.

2021 Sustainability achievements included:

Reduced High-Potential Incident Frequency by 38% from the previous year and Lost-Time Disabling Injury Frequency by 11%
Increased the number of women in senior management to 29% in 2021 from 20% in 2020, with women now comprising 21% of our total workforce (up from 12% in 2011)
Sourced 96% of all electricity requirements from renewable, zero-carbon power sources
Decreased the carbon intensity of operations by 5%, in line with our goal to reduce our carbon intensity by 33% by 2030
Advanced our climate goals, including announcing a zero-emissions haul truck partnership and an agreement to use energy-efficient eco-bulk carriers to ship a portion of our steelmaking coal, which could reduce up to 45,000 tonnes of CO2 per year, equivalent to removing nearly 10,000 passenger vehicles from the road
Set an annual record for reclamation progress in the B.C. Elk Valley, with over 800 hectares of former mining lands revegetated
Significantly advanced the Elk Valley Water Quality Plan in B.C. with the completion of two major projects – the Elkview Saturated Rock Fill expansion and the Fording River South Active Water Treatment Facility. In 2022, we expect to achieve one of the primary goals of the Elk Valley Water Quality Plan of stabilizing and reversing the selenium trend
Advanced construction of a seawater desalination plant at our QB2 copper project in Chile to avoid the use of fresh water in this water-scarce region
Invested $23.9 million in local, regional, national and global programs supporting positive social, economic and environmental outcomes in the areas where we operate

Teck’s 2021 Sustainability Report and Annual Report are available on our website. Other reports available from Teck including our Economic Contribution Report and the TCFD-aligned Climate Change Outlook 2021 report, are also available on the Disclosure Portal.

In 2021, Teck was named to the S&P Dow Jones Sustainability World Index (DJSI) for the 12th consecutive year and ranked #1 in the Metals and Mining industry category on the DJSI for 2021. Teck received an AA rating from MSCI in 2021 and has been a constituent of the MSCI World Leaders ESG index since 2015. Teck is ranked first among North America Metals and Mining companies by Moody’s ESG, rated Prime by ISS ESG and ranked #2 in the Diversified Metals industry by Sustainalytics.

Forward Looking StatementsThis news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words “will”, “estimate”, “expect”, “ambition” and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this news release.

These forward-looking statements include, but are not limited to, statements relating to long- and short-term sustainability goals, including statements relating to our commitment to reduce greenhouse gas emissions, to achieve net zero greenhouse gas emissions or to reduce the carbon intensity of our operations and the actions we intend to take to achieve those commitments and the expected impact or effect of those action; and our expectation that we will achieve the goal of stabilizing and reducing the selenium trend in the Elk Valley.

The forward-looking statements in this report are based on a number of estimates, projections, beliefs and assumptions the management team believed to be reasonable as of the date of this report, though inherently uncertain and difficult to predict, including but not limited to expectations and assumptions concerning: the development, availability, performance and effectiveness of technologies needed to achieve our sustainability goals and priorities; the availability of clean energy sources and zero-emissions alternatives for transportation on reasonable terms; our ability to successfully implement our technology and innovation strategy; the performance of new technologies in accordance with our expectations; our ability to achieve our climate goals and the longer term impacts of those goals on our business; environmental compliance costs generally; effectiveness of additional treatment capacity at scale, operation of water treatment technology and facilities as expected; our ability to implement new source control or mine design strategies on commercially reasonable terms without impacting production objectives; and assumptions regarding the development of our business generally and general economic conditions.

Factors that may cause actual results to vary include, but are not limited to actual climate-change consequences, adequate technology not being available on adequate terms, changes in laws and governmental regulations or enforcement thereof that impact our operations or strategy, inability to achieve anticipated performance of current and new technologies relating to our Elk Valley water treatment efforts, ongoing monitoring may reveal unexpected environmental conditions requiring additional remedial measures, and changes in commodity prices or general economic conditions. We caution you that the foregoing list of important factors and assumptions is not exhaustive. Other events or circumstances could cause our actual results to differ materially from those estimated or projected and expressed in, or implied by, our forward-looking statements.

Inherent in forward-looking statements are risks and uncertainties beyond our ability to predict or control. Further information concerning risks, assumptions and uncertainties associated with these forward-looking statements and our business can be found in our most recent Annual Information Form filed under our profile on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov) under cover of Form 40-F, as well as subsequent filings that can also be found under our profile. We assume no obligation to update forward-looking statements except as required under securities laws.

About TeckAs one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

Teck Media Contact:Chris StannellPublic Relations Manager604.699.4368chris.stannell@teck.com

Teck Investor Contact:Fraser PhillipsSenior Vice President, Investor Relations and Strategic Analysis604.699.4621fraser.phillips@teck.com

Canada Carbon Inc.

TORONTO, March 16, 2022 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the "Company" or "Canada Carbon" or "CCB") (TSX-V:CCB), (OTC: BRUZF), (FF:U7N1) is pleased to announce its first assay results from the rock samples taken as part the 2021 geochemical survey on its Asbury Property (the “Property”) (see news release dated July 21st, 2021). Canada Carbon’s objective was to investigate identified conductors located on the Property to see if they could be explained by graphitic mineralization.

This survey confirmed that all of the tested conductors bear graphite mineralization (Figure 1), while multiple conductors are still to be tested. The confirmed conductors are between 350 and 1,075 metres in length. The 1,075-metre-long conductor contained a grab sample that graded 21.5% Cg and is located in the Northeast section of the Property. This sample is near a potential folding of the graphitic mineralization, which could increase its thickness and provide considerable size. The interpreted fold is also located near the MC-8805 showing, which returned 8.14% Cg over 18.9 metres (St-Pierre, 1988). Historic grab samples in the vicinity of the showing returned 2.67%Cg and 2.31%Cg (Mathieu & Lafrance, 2013). Approximately 250 metres Northeast of the mentioned fold are located two grab samples containing 5.85% Cg and 18.8% Cg.

Only 30% of the conductors have been tested. Those located along the VTEM anomalies are a prime target for the next exploration survey which will consist of trenching and channel sampling along multiple conductors to better define their thickness and volume. Additionally, a ground TDEM survey is already planned for Spring 2022 to cover the conductors. This will better define their location while also defining the areas where the conductors are closest to surface. This, in turn, will allow the Company to optimize a program to efficiently trench the targets.

Chief Executive Officer, Ellerton Castor, said: “The Asbury results are very encouraging. Limited surface exploration work allowed us to better define the potential of the Property with the discovery of high-grade graphite mineralization. We are excited to plan a trenching program that will reveal additional bedrock to our technical team, which will allow us to better investigate the multiple conductors on the Property. We are comforted by the fact that all conductors tested so far, were caused by graphitic mineralization. The Company will also plan bulk samples for the purpose of metallurgical testing to verify that the graphite quality is suitable for commercial usage. It is important to note that the graphite output from the historical Asbury Mine was located in the same geological unit, on the Property. A meeting with the Notre-Dame-du-Laus municipality has already been scheduled to discuss the results and outline our next steps.

Advancing our development plan for the Asbury property is critical to the Company’s core strategic objectives: 1) continue our focus on the nuclear graphite product in order to leverage the innate purity of the Miller Deposit; 2) demonstrate our ability to supply multiple verticals through a robust program of product qualification and metallurgical testing; and 3) provide security of supply to our potential clients through development of multiple deposits."

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Figure 1:: Conductors and Mineralization on the Property

MethodologyAt the SGS Laboratories, rocks samples are prepared by drying, crushing (>3 kg) up to 75% passing 2mm, riffle splitting (250 g) and pulverizing (mild steel) to 85% passing 75µm. Graphite was assayed using the GC_CSA05V package from SGS laboratory, which consists of roasting, HCL leach, combustion and infrared measurement (Leco) with reporting limits of 0.05% Cg to 50% Cg.

Qualified Person This press release was prepared by Steven Lauzier, P.Geo, OGQ; and by Pierre-Alexandre Pelletier, P.Geo OGQ, who are qualified persons as defined under National Instrument 43-101, and who reviewed and approved the geological information provided in this news release.

ReferencesMathieu, G., Lafrance, B., 2013. Rapport des Travaux de Prospection, Projet Asbury. Focus Graphite Inc., GM 67860.

Rive, M., Latulippe, M., Gobeil, A., Duquette, G., Marcoux, D., Vallières, A., 1984. Rapport des Géologues Résidents – 1983. Ministère des Ressources Naturelles., DV 84-06.

St-Pierre, S., 1988. Journeaux de Sondage, Campagne d'Automne 1988, Projet McGill. Stratmin Inc. GM 48577.

CANADA CARBON INC.Ellerton J. CastorChief Executive Officer and Director

Contact InformationE-mail inquiries: info@canadacarbon.comP: (905) 407-1212

“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.”

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

In this article, we discuss 10 stocks to invest in today according to Orkun Kilic's Berry Street Capital. If you want to skip our detailed analysis of Kilic's history, investment philosophy, and hedge fund performance, go directly to 5 Stocks to Invest In Today According to Orkun Kilic's Berry Street Capital.

Orkun Kilic graduated from Harvard Business School with a master's degree in business administration. He began his professional career with Fiba Capital as an Investment Analyst. He also worked as an associate at Morgan Stanley. Orkun Kilic was the managing partner of Paulson Europe LLP and the portfolio manager of the Paulson European Opportunities Fund before forming Berry Street Capital.

Orkun Kilic created Berry Street Capital, a London-based hedge fund, in 2019. Technology, healthcare, financial services, real estate, and essential materials are primary areas in which Berry Street Capital invests. As of the fourth quarter of 2021, the hedge fund's 13F portfolio has about $970.45 million in managed securities.

Some of the essential holdings to analyze based on Orkun Kilic's stock portfolio in the fourth quarter of 2021 are Twitter, Inc. (NYSE:TWTR), Discovery, Inc. (NASDAQ:DISCA), and Cerner Corporation (NASDAQ:CERN), among others.

Twitter, Inc. (NYSE:TWTR) is a new arrival in Orkun Kilic's portfolio, as his hedge fund bought about 37,500 shares of the company in Q4, worth $1.62 million. On March 10, Deutsche Bank analyst Benjamin Black initiated coverage of Twitter, Inc. (NYSE:TWTR), rating the stock as a 'Hold' and giving a price target of $35.

10 Stocks to Invest In Today According to Orkun Kilic’s Berry Street Capital

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Another stock that was added to the Kilic's portfolio in the fourth quarter is Discovery, Inc. (NASDAQ:DISCA), in which he purchased 350,000 shares. Credit Suisse analyst Douglas Mitchelson decreased his price objective on Discovery, Inc. (NASDAQ:DISCA) from $61 to $52 on February 14 and maintained an 'Outperform' rating on the stock.

Berry Street Capital holds 90,000 shares in Cerner Corporation (NASDAQ:CERN), according to its 13F filing for the fourth quarter of 2021. On February 22, Cerner Corporation (NASDAQ:CERN) reported earnings per share of $0.93 for the fourth quarter, exceeding estimates by $0.05. In addition, the company's quarterly revenue was up 3.6% from the prior-year quarter, amounting to $1.45 billion.

Our Methodology

With this background in mind, let’s start our list of 10 stocks to invest in today according to Orkun Kilic's Berry Street Capital. For this list, we considered Kilic's 13F portfolio as of the end of Q4 2021.

Note: All hedge fund data is based on the exclusive group of 900+ funds tracked by Insider Monkey that filed 13Fs for the Q4 2021 reporting period.

Stocks to Invest In Today According to Orkun Kilic's Berry Street Capital10. RR Donnelley & Sons Company (NYSE:RRD)

Berry Street Capital Stake Value: $14,808,000

Percentage of Berry Street Capital's 13F Portfolio: 1.52%

Number of Hedge Fund Holders: 26

An integrated communications provider, RR Donnelley & Sons Company (NYSE:RRD) helps businesses design, manage, deliver, and optimize multichannel marketing and business communications. Chatham Asset Management and RR Donnelley & Sons Company (NYSE:RRD) announced on February 25 that they finalized a deal in which Chatham affiliates bought RRD for $10.85 per share in cash.

Carl Tiedemann and Michael Tiedemann’s TIG Advisors is the most significant stakeholder of RR Donnelley & Sons Company (NYSE:RRD) in our database, with 3.28 million shares worth $36.90 million. In the fourth quarter, Berry Street Capital added RR Donnelley & Sons Company (NYSE:RRD) to its portfolio, buying 1.32 million shares.

Hedge funds are loading up on RR Donnelley & Sons Company (NYSE:RRD), as Insider Monkey’s data shows that 26 hedge funds held stakes in the company as of the end of the fourth quarter of 2021, compared to 14 funds in the preceding quarter.

Apart from Twitter, Inc. (NYSE:TWTR), Discovery, Inc. (NASDAQ:DISCA), and Cerner Corporation (NASDAQ:CERN), RR Donnelley & Sons Company (NYSE:RRD) is also one of the favorite stocks of Berry Street Capital.

9. CyrusOne Inc. (NASDAQ:CONE)

Berry Street Capital Stake Value: $15,701,000

Percentage of Berry Street Capital's 13F Portfolio: 1.61%

Number of Hedge Fund Holders: 43

CyrusOne Inc. (NASDAQ:CONE) is a real estate investment trust that owns and maintains enterprise-class, multi-tenant, carrier-neutral, and single-tenant data center buildings. Elite hedge funds held significant stakes in CyrusOne Inc. (NASDAQ:CONE) in Q4 2021. The fourth quarter database of Insider Monkey indicated that 43 hedge funds were bullish on CyrusOne Inc. (NASDAQ:CONE), up from 27 funds in the prior quarter.

Orkun Kilic loaded up on CyrusOne Inc. (NASDAQ:CONE) in the fourth quarter, increasing his holding in the company by a whopping 205%. Berry Street Capital owns 175,000 shares of the company, worth $15.70 million. On February 16, CyrusOne (NASDAQ:CONE) declared a quarterly dividend of $0.52 per share, in line with its previous payout.

On February 2, TD Securities analyst Jonathan Kelcher downgraded CyrusOne Inc. (NASDAQ:CONE) to 'Tender' from 'Hold', with a $90.50 price objective, after the approval of the REIT's takeover by Global Infrastructure Partners and KKR & Co. Inc. (NYSE:KKR).

8. Pilgrim's Pride Corporation (NASDAQ:PPC)

Berry Street Capital Stake Value: $16,215,000

Percentage of Berry Street Capital's 13F Portfolio: 1.67%

Number of Hedge Fund Holders: 31

In the United States and Mexico, Pilgrim's Pride Corporation (NASDAQ:PPC) makes prepared and fresh chicken products. BMO Capital analyst Kenneth Zaslow upgraded Pilgrim's Pride Corporation (NASDAQ:PPC) to 'Outperform' from 'Market Perform' on March 10, with a $30 price objective, up from $28.

As of the end of the fourth quarter, 31 hedge funds in Insider Monkey's database held stakes in Pilgrim's Pride Corporation (NASDAQ:PPC), an increase compared to 25 funds in the preceding quarter. In addition, Berry Street Capital also strengthened its position in Pilgrim's Pride Corporation (NASDAQ:PPC) by buying an additional 125,000 shares. This makes their stake in Pilgrim's Pride Corporation (NASDAQ:PPC) total 575,000 shares worth $16.22 million.

7. BHP Group Limited (NYSE:BHP)

Berry Street Capital Stake Value: $16,437,000

Percentage of Berry Street Capital's 13F Portfolio: 1.69%

Number of Hedge Fund Holders: 21

BHP Group Limited (NYSE:BHP) is a mining firm that specializes in iron ore, metallurgical coal, and copper exploration, development, production, and processing. On March 10, Deutsche Bank analyst Liam Fitzpatrick raised his price target on BHP Group Limited (NYSE:BHP) to 2,300 GBp from 2,100 GBp and reiterated a 'Hold' rating on the shares.

BHP Group Limited (NYSE:BHP) issued a semi-annual dividend of $3.00 per share on February 23, a 25% drop from the previous payout of $4.00. Orkun Kilic initiated a new stake in BHP Group Limited (NYSE:BHP) in the fourth quarter of 2021, purchasing 275,000 shares of the mining company, worth $16.44 million.

As of the end of the fourth quarter, 21 hedge funds in the database of Insider Monkey reported owning stakes in BHP Group Limited (NYSE:BHP), worth $1 billion. This is compared to 18 funds being bullish on the stock in Q3, with stakes amounting to $899.84 million.

Harding Loevner, in its first quarter 2021 investor letter, mentioned BHP Group (NYSE:BHP). Here is what the fund said:

“Our purchase of Australian mining company BHP is an example of a quality company at a moderate valuation that should deliver attractive long-term returns. We believe the market has undervalued its enduring competitive advantage due to its low-cost iron and copper mining operations which has allowed the company to deliver consistent profits and cash flows across the inevitable ups and downs of the global metals cycle. While the variability of commodity prices prevents BHP from scoring in the top ranks of measured quality, we are willing to bear some of that uncertainty in return for a more attractive valuation given the company’s strong business fundamentals.”

6. Willis Towers Watson Public Limited Company (NASDAQ:WTW)

Berry Street Capital Stake Value: $23,007,000

Percentage of Berry Street Capital's 13F Portfolio: 2.37%

Number of Hedge Fund Holders: 66

Willis Towers Watson Public Limited Company (NASDAQ:WTW) is a multinational advising and solutions firm that helps clients convert risk into opportunity worldwide. Willis Towers Watson Public Limited Company (NASDAQ:WTW) changed its Nasdaq ticker symbol from WLTW to WTW on January 7.

Willis Towers Watson Public Limited Company (NASDAQ:WTW) recently saw a decrease in hedge fund sentiment. The number of long hedge fund positions declined to 66 at the end of the fourth quarter, compared to 75 positions in the previous quarter. First Eagle Investment Management is the most significant stakeholder of Willis Towers Watson Public Limited Company (NASDAQ:WTW) among that group, trimming its stake in the company by 1% during Q4 to 4.74 million shares worth almost $1.13 billion.

Willis Towers Watson Public Limited Company (NASDAQ:WTW) was downgraded to 'Equal Weight' from 'Overweight' by Wells Fargo analyst Elyse Greenspan on February 9, with a price objective of $240, down from $284. According to the analyst, the fourth quarter revealed that Willis Towers Watson Public Limited Company (NASDAQ:WTW) will need time to recover to a level of organic growth akin to its peers.

Watson Public Limited Company (NASDAQ:WTW), like Twitter, Inc. (NYSE:TWTR), Discovery, Inc. (NASDAQ:DISCA), and Cerner Corporation (NASDAQ:CERN), is gaining the attention of Orkun Kilic.

In its third quarter 2021 investor letter, Vltava Fund mentioned Willis Towers Watson Public Limited Company (NASDAQ:WLTW). Here is what the fund said:

“The second position is much larger and was thrown into our hands by an unexpected turn of events. It is the stock of Willis Towers Watson. This is a British company with roots dating back to 1828. WLTW is the third-largest insurance broker in the world. This is a sector with which we are very familiar, as some time ago we held in our portfolio shares of its slightly larger competitor AON.

It was AON in fact that announced last spring it had agreed to merge with WLTW. In the merger, WLTW shareholders would have received AON shares. As is usually the case with such announcements, investors stepped in to conduct what is known as merger arbitrage. In this particular case, they bought WLTW shares and sold short AON shares in order to profit from the fact that the prices of the two stocks did not yet fully reflect the exchange ratio in the merger. Moreover, merger arbitrage commonly makes extensive use of leverage in order to increase profits…” (Click here to see the full text)

Click to continue reading and see 5 Stocks to Invest In Today According to Orkun Kilic's Berry Street Capital.

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Disclose. None. 10 Cheap Nickel Stocks to Invest In Today is originally published on Insider Monkey.

Teck Resources Ltd

VANCOUVER, British Columbia, March 16, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced Highland Valley Copper Operations (HVC) has been awarded the Copper Mark.

Copper Mark is a voluntary assurance framework to promote responsible production practices and demonstrate commitment to the United Nations Sustainable Development Goals. To be verified for Copper Mark, HVC was assessed and independently verified against 32 responsible production criteria including greenhouse gas emissions, community health and safety, respect for Indigenous rights and business integrity.

“Copper is an essential material for the low-carbon future, and our focus is on helping meet the growing global need for copper in an environmentally and socially responsible way,” said Don Lindsay, President and CEO. “We are proud that Highland Valley Copper has been awarded the Copper Mark, demonstrating the operation’s commitment to sustainability and to ensuring customers have the information they need on our performance as a responsible copper producer.”

“We are pleased to welcome HVC among the growing number of sites that have received the Copper Mark,” said Michèle Brülhart, Executive Director of the Copper Mark. “HVC is our first Copper Mark recipient in Canada, and we congratulate them on their commitment to responsible practices.”

Highland Valley Copper Operations is Teck’s first copper operation to achieve certification, with plans for each of Teck’s copper operations to be verified in the future. This includes Carmen de Andacollo and QB2, which is expected to begin production in the second half of 2022. More information about the Copper Mark verification can be found here.

Teck’s approach to operating responsibly is underpinned by a long-term sustainability strategy that sets out goals in the areas of Health and Safety, Climate Change, Responsible Production, Our People, Water, Tailings Management, Communities and Indigenous Peoples, and Biodiversity and Reclamation. Learn more about Teck’s sustainability strategy here.

Forward-Looking StatementsThis news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words “will”, “estimate”, “expect”, “ambition” and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this news release.

These forward-looking statements include, but are not limited to, statements relating to our plans to achieve Copper Mark certification at our other copper operations and the expected timing thereof and statements relating to expected timing for production at our QB2 project.

The forward-looking statements in this news release are based on a number of estimates, projections, beliefs and assumptions the management team believed to be reasonable as of the date of this news release, though inherently uncertain and difficult to predict, including, but not limited to, expectations and assumptions concerning: general business and economic conditions; acts of foreign and domestic governments; receipt of permits and other regulatory and governmental approvals and the timing thereof; our ability to procure equipment and operating supplies and services in sufficient quantities or on a timely basis; the availability of employees; engineering and construction timetables; the impacts of COVID-19 on the construction and development of our QB2 project; and our ongoing relations with our employees and our business and joint venture partners. We caution you that the foregoing list of important factors and assumptions is not exhaustive. Other events or circumstances could cause our actual results to differ materially from those estimated or projected and expressed in, or implied by, our forward-looking statements.

About The Copper MarkThe Copper Mark is an assurance framework to promote responsible practices and demonstrate the copper industry’s contribution to the United Nations Sustainable Development Goals. The Copper Mark uses a rigorous site-level assessment process to independently verify whether individual copper producing sites have responsible production practices.

The Copper Mark is built on a genuine commitment to responsible production as we aim to mitigate the environmental and social impact of the copper industry, and positively contribute to sustainable development goals and the green transition.

The Copper Mark framework involves a robust three-year re-evaluation process conducted by independent external auditors at site-level for participants. Participants commit to continual improvement, building the management systems necessary to ensure ongoing legal compliance. To achieve Copper Mark verification, operations also need to demonstrate efforts to achieve Free, Prior and Informed Consent (FPIC) and maintain trusted, collaborative relationships with local Indigenous communities.

Investor Contact:Fraser PhillipsSenior Vice President, Investor Relations and Strategic Analysis604.699.4621fraser.phillips@teck.com

Media Contact:Chris Stannell Public Relations Manager604.699.4368chris.stannell@teck.com

International Paper Company IP declared that it intends to evaluate strategic alternatives for the possible sale of 50% shareholding interest in the Ilim Group Joint venture (JV) in Russia amid the invasion of Ukraine.The company stated that it has no intention to suspend operations or any initiation of liquidation or bankruptcy proceedings related to Ilim Group.Several companies have been winding up business operations in Russia. Recently, the U.S. President called for an elimination of normal trade relations with Russia, enabling new tariffs to be imposed on Russian imports in response to the Ukraine invasion. The company is donating $0.8 million to support Red Cross and Global Foodbanking Network Ukraine Relief efforts to aid refugees.In 2007, International Paper entered into an agreement with Ilim Holding S.A and formed a 50/50 JV, Ilim Group, which is Russia’s largest integrated pulp and paper manufacturer. Ilim has the three largest pulp and paper mills and two modern corrugated box plants in the European and Siberian regions of Russia. It is also the largest foreign-domestic alliance in the country’s forestry products sector. The company’s total annual volume of pulp and paper production exceeds 3 million tons. International Paper mostly exports pulp products to China through the Ilim JV. In 2021, the company generated equity earnings of $311 million from Ilim.International Paper will gain from the solid demand environment for corrugated packaging and pulp. The company is also witnessing strong demand driven by processed food, beverage, proteins, chemicals, paper tissue and towel. It projects EBITDA to be $3.1-$3.4 billion in 2022 compared with $2.6 billion in 2021. The company expects gross benefits to be $200-$225 million stemming from Building a Better IP initiatives.International Paper continually evaluates its operations for improvement opportunities by focusing on its core businesses, realigning capacity to operate fewer facilities with the same revenue capability, closing high-cost facilities and trimming costs. The company has strategically offloaded businesses in China to focus more on its U.S. operations. It continues to assess disciplined and selective M&A opportunities, particularly in packaging businesses in North America and Europe.Last October, International Paper completed its spin-off of the Printing Papers segment into a standalone, publicly-traded company, Sylvamo SLVM. The company retained up to 19.9% of the shares of the new company, with the intent to monetize its investment and provide additional proceeds to the company within one year.Recently, Sylvamo declared that it has started an orderly suspension of operations in Russia amid the ongoing war. SLVM will continue to measure several options for its operations in Russia, which might include a sale or exit.

Price Performance

International Paper’s shares have fallen 17.7% in the past year compared with the industry’s loss of 8.7%.

Zacks Investment Research

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Zacks Rank & Stocks to Consider

International Paper currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the basic materials space include Teck Resources TECK and Cabot Corporation CBT, both carrying a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Teck Resources has a projected earnings growth rate of 26.1% for the current year. The Zacks Consensus Estimate for TECK's current-year earnings has been revised upward by 33% in the past 60 days.Teck Resources beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters and missed once, the average surprise being 13%. TECK’s shares have surged around 95% in a year.Cabot has a projected earnings growth rate of 15.5% for fiscal 2022. The Zacks Consensus Estimate for CBT’s fiscal 2022 earnings has been revised upward by 8% in the past 60 days.Cabot beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 21.6%. CBT has rallied around 49% in a year.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report International Paper Company (IP) : Free Stock Analysis Report Cabot Corporation (CBT) : Free Stock Analysis Report Teck Resources Ltd (TECK) : Free Stock Analysis Report Sylvamo Corporation (SLVM) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

One company to watch right now is Alpha Metallurgical Resources (AMR). AMR is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock holds a P/E ratio of 3.29, while its industry has an average P/E of 9.30. AMR's Forward P/E has been as high as 1,470.53 and as low as -1,324.11, with a median of 6.35, all within the past year.

Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. AMR has a P/S ratio of 1.09. This compares to its industry's average P/S of 2.49.

Another great Mining – Miscellaneous stock you could consider is Teck Resources (TECK), which is a # 2 (Buy) stock with a Value Score of A.

Teck Resources is trading at a forward earnings multiple of 7.96 at the moment, with a PEG ratio of 0.21. This compares to its industry's average P/E of 9.30 and average PEG ratio of 1.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alpha Metallurgical Resources, Inc. (AMR) : Free Stock Analysis Report Teck Resources Ltd (TECK) : Free Stock Analysis Report To read this article on Zacks.com click here.

Investors worried about the twin threats of inflation and armed conflict on their portfolio should not ignore income as a decent yield can help shore up returns during periods of market volatility.

Jason Hollands, managing director of DIY investing platform Bestinvest, said: "The income on an investment is generally the more reliable – though not guaranteed – component of overall returns, and adds valuable ballast to a portfolio through thick and thin.

"But it can prove especially reassuring during times of volatility."

Here are Hollands' five global fund ideas for income seekers to consider for their 2021/22 ISA.

Redwheel UK Equity Income

This fund – managed by boutique Redwheel (formerly RWC Partners) has a ‘value’ approach of targeting cheap stocks which are typically larger companies. Its holdings include value stalwarts Legal & General (LGEN.L) and Dettol maker Reckitt Benckiser (RKT.L). Another more glamorous stock is Revolution Beauty Group (REVB.L) which produces vegan lipsticks and skincare products.

Revolution Beauty Group performance over the past six months. Chart: Yahoo Finance UK

Evenlode Global Income

This fund invests in a concentrated portfolio of 36 stocks that the managers have targeted because they provide a high return on capital and generate strong free cashflow.

These are typically larger companies and the managers tend to hold them for the long-term. Unlike most global funds which can look more like US funds when you look below the bonnet, Evenlode Global Income is 38% invested in the US, holds a similar amount in Europe and has 21% in the UK. Current holdings include US consumer firm Proctor & Gamble (PG), which owns brands ranging from Pampers to Old Spice, and Swiss pharmaceutical giant Roche (RHHBY). It favours companies delivering sustainable real dividend growth rather than focusing purely on high yielders.

Swiss pharmaceutical giant Roche is known to provide sustainable dividend growth. Chart: Yahoo Finance UK

BlackRock Continental European Income

As well as a high yield this fund target dividend growth and long-term outperformance, and since launch have delivered all three. Its holdings include Danish pharmaceutical firm Novo Nordisk (NVO) and Italian energy group Enel (ENEL.MI). The fund stands comparison not just with the top income funds, but those in the whole European sector.

The fund has been managed since launch in 2011 by Andreas Zoellinger, who has spent almost his entire career at BlackRock. In 2021, Brian Hall joined as co-manager.

Jupiter Japan Income

This is a high-yielding Japan fund that aims to provide long-term capital and dividend growth. It currently yields 2.24%. Japan has historically been a low-yielding market but in recent years reforms have encouraged companies to become more shareholder friendly, with dividend payouts more commonplace.

The Jupiter Japan Income fund invests predominantly in Japanese equities, but does have the freedom to invest 30% of the fund outside of Japan or in other funds. The investment process focuses on finding companies with the ability and willingness to grow dividends.

The fund managers have stressed they do not aim to maximise yield but rather are willing to invest in high-growth areas as long as they offer some yield. Recent purchases included Roland (7944.T) (high-yield with some growth), Tokyo Electron (TOELY) (high-growth with some yield) and Aruhi (7198.T) (high-growth with high-yield).

Chipmaking giant Tokyo Electron has been targeted by investors betting on a semiconductor boom. Chart: Yahoo Finance UK

This fund has provided consistent outperformance relative to other Japanese higher income funds. Since inception it has outperformed the MSCI Japan index 87% of the time.

Schroder Oriental Income

This investment trust, managed by Richard Sennitt, has delivered a growing dividend every year since it launched in 2005. It is currently yielding 4%, with distributions paid quarterly. While it predominantly invests in equities, it also has the flexibility to invest in bonds and preference shares.

The portfolio invests across both developed and emerging Asia, excluding Japan, with the largest country exposures being Taiwan (25%), Australia (17%), Singapore (15%) and Hong Kong (13%). Key sector themes include technology (30%), financials (26%) and real estate (18%). Notable holdings include Taiwan Semiconductor Manufacturing Co. (TSM) (10.2%), Samsung Electronics (SMSN.IL) (7.8%) and Australian mining giant BHP Group (BHP) (4.9%).

Watch: What are SPACS?

Wheaton Precious Metals Corp. WPM reported adjusted earnings per share (EPS) of 29 cents in fourth-quarter 2021, missing the Zacks Consensus Estimate of 30 cents. The bottom line declined 12% year over year.The company generated revenues of $278 million during the reported quarter, down 3% on a year-over-year basis. The downside was caused by a 5% decline in the average realized gold equivalent price, partly offset by a 2% increase in the number of Gold Equivalent Ounces (GEOs) sold. The top line also missed the Zacks Consensus Estimate of $285 million.Wheaton’s gold production was 88,321 ounces, down from the prior-year quarter’s 92,039 ounces. Attributable silver production declined 2.4% year over year to 6,356 ounces and palladium production declined 17% to 4,733 ounces. The company sold 158,864 GEOs during the December-end quarter, up 2% from the prior-year quarter’s 155,665 GEOs.

Wheaton Precious Metals Corp. Price, Consensus and EPS SurpriseWheaton Precious Metals Corp. Price, Consensus and EPS Surprise

Wheaton Precious Metals Corp. price-consensus-eps-surprise-chart | Wheaton Precious Metals Corp. Quote

Prices

In fourth-quarter 2021, the average realized gold price was $1,798 per ounce. The figure was 4.5% lower than the year-ago quarter’s figure. Silver prices averaged $23.36 per ounce in the reported quarter, down 5.5% year on year. Palladium prices fell 18.3% year over year to $1,918 per ounce.

Financial Position

The company had $226 million of cash in hand at the end of 2021 compared with $193 million at the 2020-end. It recorded an operating cash flow of $845 million in 2021 compared with $765 million in 2020. The company fully paid a revolving credit facility of $2 billion.During the fourth quarter, the company announced a quarterly dividend of 15 cents per share, reflecting an increase of 25% from the year-ago quarter’s levels.

Business Update

On Dec 14, Wheaton entered into a new precious metals purchase agreement (PMPA) with Artemis Gold Inc. to acquire silver production from Blackwater Gold Project. The company also entered into an agreement with New Gold Inc. NGD to acquire the existing gold stream from the project. Wheaton will pay New Gold an upfront consideration of $300 million after the gold stream deal’s closure. The company will pay Artemis a total cash consideration of $141 million, payable in four equal installments during the construction of the Blackwater Project.On Dec 22, Wheaton entered into a PMPA with Generation Mining Limited in relation to acquiring gold and platinum production from the Marathon Project.On Jan 17, 2022, Wheaton entered into another PMPA with Alliance Metals International, a subsidiary of Adventus Mining Corporation, to acquire gold and silver streams from the Adventus Curipamba Project.

2021 Performance

Wheaton reported an adjusted EPS of $1.32 in 2021 compared with $1.12 reported in the prior year. Earnings meet the Zacks Consensus Estimate.Sales were up 9.6% year over year to a record $1.20 billion. The top line missed the Zacks Consensus Estimate of $1.21 billion.

Guidance

Wheaton’s attributable production is estimated between 700,000 GEOs and 760,000 GEOs for the current year. Gold production is expected in the band of 350,000-380,000 ounces. Silver production is projected between 23.0 million ounces and 25.0 million ounces, while production of other metals is anticipated in the band of 44,000-48,000 GEOs.

Price Performance

Shares of Wheaton have gained 26.1% in the past year compared with the industry’s growth of 13.1%.

Zacks Investment Research

Image Source: Zacks Investment Research

Zacks Rank & Stocks to Consider

Wheaton currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the basic materials space include Teck Resources TECK and Cabot Corporation CBT, both sporting a Zacks Rank #1 (Strong Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here.Teck Resources has a projected earnings growth rate of 26.1% for the current year. The Zacks Consensus Estimate for TECK's current year earnings has been revised upward by 33% in the past 60 days.Teck Resources beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters and missed once, the average surprise being 13%. TECK’s shares have surged around 95% in a year.Cabot has a projected earnings growth rate of 15.5% for fiscal 2022. The Zacks Consensus Estimate for CBT’s fiscal 2022 earnings has been revised upward by 8% in the past 60 days.Cabot beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 21.6%. CBT has rallied around 49% in a year.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cabot Corporation (CBT) : Free Stock Analysis Report New Gold Inc. (NGD) : Free Stock Analysis Report Teck Resources Ltd (TECK) : Free Stock Analysis Report Wheaton Precious Metals Corp. (WPM) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Teck Resources Ltd (TECK), which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Teck Resources Ltd currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market?

In order to see if TECK is a promising momentum pick, let's examine some Momentum Style elements to see if this company holds up.

Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.

For TECK, shares are up 3.8% over the past week while the Zacks Mining – Miscellaneous industry is up 2.84% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 13.57% compares favorably with the industry's 7.56% performance as well.

While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics — such as performance over the past three months or year — can be useful as well. Over the past quarter, shares of Teck Resources Ltd have risen 33.07%, and are up 73.81% in the last year. On the other hand, the S&P 500 has only moved -4.17% and 11.92%, respectively.

Investors should also take note of TECK's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, TECK is averaging 5,281,146 shares for the last 20 days.

Earnings Outlook

The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with TECK.

Over the past two months, 8 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost TECK's consensus estimate, increasing from $4.28 to $5.56 in the past 60 days. Looking at the next fiscal year, 6 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom Line

Taking into account all of these elements, it should come as no surprise that TECK is a #1 (Strong Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Teck Resources Ltd on your short list.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Teck Resources Ltd (TECK) : Free Stock Analysis Report To read this article on Zacks.com click here.

Investors interested in stocks from the Mining – Miscellaneous sector have probably already heard of Teck Resources Ltd (TECK) and Wheaton Precious Metals Corp. (WPM). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.

Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.

Currently, Teck Resources Ltd has a Zacks Rank of #1 (Strong Buy), while Wheaton Precious Metals Corp. has a Zacks Rank of #3 (Hold). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that TECK has an improving earnings outlook. But this is just one factor that value investors are interested in.

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.

The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.

TECK currently has a forward P/E ratio of 6.64, while WPM has a forward P/E of 32.73. We also note that TECK has a PEG ratio of 0.17. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. WPM currently has a PEG ratio of 6.55.

Another notable valuation metric for TECK is its P/B ratio of 1.02. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, WPM has a P/B of 3.44.

These are just a few of the metrics contributing to TECK's Value grade of B and WPM's Value grade of D.

TECK is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that TECK is likely the superior value option right now.

In this video clip from “The Rank,” recorded on Feb. 14, Motley Fool contributors Matthew Frankel, CFP®, Jason Hall, and Tyler Crowe discuss Teck Resources (NYSE: TECK), a diversified natural resources company that focuses on coal, zinc, energy, and — importantly — copper. Here’s why Teck may be a stock to consider if you can keep up with the cyclical nature of the commodities industry.

For Immediate Release

Chicago, IL – March 2, 2022 – Today, Zacks Investment Ideas feature highlights Teck Resources Ltd. TECK, Sibanye Stillwater Ltd. SBSW and Newmont Corp. NEM.

Metals Stage Rally: Gold and Silver Shine

Metals have been quietly making their way higher as stocks have continued their recent decline. Historically viewed as a hedge against inflation and currency devaluation, precious metals can be a great portfolio diversifier – particularly during times when most equities are falling.

There are numerous ways to gain exposure to precious metals. In addition to owning physical metals, investors can access these commodities through exchange-traded funds, mutual funds, mining company stocks, and the derivatives market. Well-recognized metals include platinum and palladium, but the two most widely followed are gold and silver.

Gold is a unique precious metal known for its extreme durability, malleability, and heat and electricity conduction properties. Most investors are familiar with gold as an input for jewelry-making. While gold is perceived more as a store of value, silver is viewed as more of an industrial metal. Silver has historically been more volatile than gold and is known for its outsized rallies during precious metal bull runs.

While the past few months have been treacherous for passive equity investors, gold and silver have made a stealthy move higher. We can see below that both gold (+3.94%) and silver (+4.34%) have outperformed the S&P 500 (-8.23%) year-to-date.

One of the best ways to target these metals from an investment perspective is to own the stocks of mining companies. These stocks typically outperform the underlying precious metals due to growth in their intrinsic value.

Precious metals do not have the potential for intrinsic value growth as stocks do. The ability of companies to increase their intrinsic value has always enabled stocks to outperform other types of investments. As the intrinsic value of a company grows, the company can increase its production or services which in turn creates more income.

We can see this playing out in 2022, as the three stocks we will discuss below have been handily outperforming both gold and silver. All three companies are part of the Zacks Mining – Miscellaneous industry group, which ranks in the top 40% of all Zacks Ranked Industries. By targeting stocks in the top industry groups, we can dramatically improve our investing success.

Teck Resources Ltd.

Teck Resources is engaged in the exploration, development, and production of natural resources in Asia, Europe, and North America. TECK's primary products include steelmaking coal as well as copper and zinc concentrates. The company also produces gold, silver, germanium, and cadmium, as well as chemicals and fertilizers. TECK Resources was founded in 1913 and is headquartered in Vancouver, Canada.

Higher prices of the company's principal products along with a solid pipeline of projects have contributed to TECK's bullish run. A Zacks Rank #1 (Strong Buy) stock, TECK has exceeded earnings estimates in six of the past seven quarters. Shares of TECK are up nearly 25% just this year alone.

Despite the impressive performance, the stock trades at just a 6.46 forward P/E which makes it relatively undervalued when compared to that of its industry (9.48 forward P/E).

Earnings estimates for the current quarter have seen positive changes as of late. The Q1 consensus estimate has been revised upward by 50.83% to $1.81 in just the past 60 days. TECK is scheduled for its Q1 earnings announcement on April 27th.

Analysts have also increased their full-year EPS estimates for TECK by 30.14% in the past two months. The 2022 Zacks Consensus EPS Estimate now stands at $5.57, translating to potential growth of 23.23% relative to last year. Sales are seen rising 12.15% to $12.05 billion.

Sibanye Stillwater Ltd.

Sibanye Stillwater operates as a precious metals mining company in South Africa, the U.S., Canada, Zimbabwe, and Argentina. SBSW produces gold, platinum, palladium, and rhodium, in addition to by-products such as nickel, copper, and chrome. Sibanye Stillwater was founded in 2013 and is based in South Africa.

A Zacks #2 (Buy) stock, SBSW shares have advanced over 52% since the start of the year. The stock has handily outperformed both the S&P 500 as well as underlying precious metals. Even with the remarkable outperformance, SBSW is relatively undervalued at a 5.3 forward P/E when compared to the 9.48 forward P/E of its industry group.

Analysts are bullish on SBSW and have upped their 2022 EPS estimates by 17.21% in the past 60 days. The Zacks Consensus Estimate now stands at $3.61, reflecting growth of 41.02% versus last year. SBSW sales are projected to climb 26.95% to $9.83 billion.

Newmont Corp.

Newmont is engaged in the exploration and production of gold, copper, silver, zinc and lead. NEM operates primarily in North America, South America, Australia, and Africa. The Colorado-based firm was founded in 1916 and is one of the world's largest producers of gold with several active mines in Peru, Australia, Ghana, and Nevada.

Back in 2019, NEM entered into a deal with Goldcorp to acquire all of the latter's outstanding common shares in a stock-for-stock transaction. NEM has been benefitting from the merger and is projected to generate an annual benefit of approximately $165 million per year. Furthermore, annual pre-tax synergies and full potential benefits for NEM are anticipated to create value of more than $2.5 billion. Shares have risen nearly 7% to kick off the new year.

NEM most recently reported Q4 EPS this past week of $0.78, a +2.63% beat over the $0.76 consensus. Q1 estimates have been revised upward by 31.15% in the past 60 days. The Zacks Consensus Estimate now stands at $0.80, which would represent an 8.11% growth rate relative to the same quarter in 2021. NEM is slated to report its Q1 results on May 5th.

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It's a little-known chemical company that's up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newmont Corporation (NEM) : Free Stock Analysis Report Teck Resources Ltd (TECK) : Free Stock Analysis Report Sibanye Gold Limited (SBSW) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

Firms paid shareholders $1.47tn (£1tn) in dividends last year, the highest total ever recorded, but 2022 is on track to be even better according to the latest Janus Henderson Global Dividend Index.

Global dividends surged 14.7% to reach a new high of $1.47tn, with records broken in a number of countries, including the US, Brazil, China and Sweden.

Nine-tenths of companies globally increased or held their dividends steady as banks and miners delivered three-fifths of the $212bn increase in payouts.

Banks saw dividends jump by 40% — or $50.5bn — driven by restoring payouts to more normal levels given that regulators had curbed distributions in many parts of the world in 2020.

More than one quarter of the annual dividend increase came from miners, which benefited from soaring commodity prices.

Record payments from the miners reflected the strength of their profits — the mining sector distributed $96.6bn over the year, almost double the previous record set in 2019.

That is 10 times more than during the slump in 2015-16, with BHP (BHP) becoming the world’s largest dividend payer.

Consumer discretionary and industrial companies saw dividends increase by 12.8% and 10% respectively, while healthcare and pharmaceutical groups grew their dividends by 8.5%. Technology companies, whose profit growth continued relatively uninterrupted by the pandemic, added $17bn — an increase of 8%.

The global dividend surge was also boosted by record one-off special dividends.

World’s biggest dividend payers. Table: Janus Henderson Global Dividend Index

“A large part of the 2021 dividend recovery came from a narrow range of companies and sectors in a few parts of the world. But beneath these big numbers, there was broad based growth both geographically and by sector," Jane Shoemake, client portfolio manager, global equity income at Janus Henderson, said.

"In the context of the dramatic rebound seen in the banking sector, and the exceptional cyclical surge from mining companies, it would be easy to overlook the encouraging growth seen from those sectors that have delivered consistent increases in recent years, like the technology sector.”

Payouts reached new records in a number of countries including the US, Australia, China and Sweden, but one third of the rebound came from just two countries — Australia and the UK. A combination of surging mining payouts and restored banking distributions made the biggest contribution to growth in the two nations.

In the UK, dividends rose 44.3% on a headline basis in 2021, an increase of $28.9bn. Payouts increased 21.2% ahead of the global average. The total was driven by record special dividends paid by the mining sector, though miners’ regular dividends were also sharply higher.

UK banking dividends meanwhile only jumped back to half their pre-pandemic strength — due mainly to HSBC (HSBA.L) — and oil payouts were lower year-on-year due to the delayed impact of cuts announced in 2020.

More widely, three-quarters of UK companies in the index increased payouts or held them steady. After the 2021 mining boom, banking and recovering oil dividends are forecast to be the main engine of 2022 dividend growth in the UK.

“Having underperformed other equity markets in recent years, the UK equity market looks very attractively valued on both an earnings and dividend yield basis and we have exposure to a number of UK companies that are trading at a significant valuation discount to their international peers,” Shoemake added.

For 2022, Janus Henderson expects global dividends to jump up 3.1% and reach a new record of $1.52tn.

Watch: What are SPACs?

Verso Corporation VRS reported fourth-quarter 2021 adjusted earnings per share of 73 cents per share, which beat the Zacks Consensus Estimate of 67 cents. It marked a turnaround from a loss of $1.84 per share in the prior-year quarter driven by improved sales and operations.The company generated revenues of $328 million in the quarter under review, reflecting year-over-year growth of 4.5%. This was aided by favorable price/mix of $57 million, partially offset by $43 million in decreased sales, primarily attributable to the sale of Duluth and idled Wisconsin Rapids mills. Volume was 341 thousand tons during the quarter, down from 392 thousand tons in the last-year quarter, chiefly due to the sale of Duluth and idled Wisconsin Rapids mills. The top line figure outpaced the Zacks Consensus Estimate of $298 million.Cost of sales was $252 million, down 23% year over year. Gross profit was $76 million in the quarter against a loss of $13 million in the prior-year quarter.

Verso Corporation Price, Consensus and EPS SurpriseVerso Corporation Price, Consensus and EPS Surprise

Verso Corporation price-consensus-eps-surprise-chart | Verso Corporation Quote

Selling, general and administrative expenditure surged 47% year on year to $22 million. Adjusted EBITDA was $74 million in the reported quarter, which skyrocketed 722% from the prior-year quarter. Adjusted EBITDA margin was 22.6% compared with 2.9% in the year-ago quarter. Favorable price/mix, lower net operating expenses due to lower closed/idled mill spend as well as cost reduction initiatives across the mill system aided margins in the quarter. However, lower sales volume, inflationary costs due to purchased pulp, latex, energy and freight as well as higher selling, general and administrative costs negated some of these gains.

Financial Position

Verso’s cash and cash equivalents were $172 million at the end of 2021 compared with $137 million at the end of 2020. Operating cash flow was $180 million in 2021, marking a significant improvement from the outflow of $62 million in the prior year. The company’s long-term debt was $3 million as of Dec 31, 2021, down from $4 million as of Dec 31, 2020.On Dec 19, 2021, Verso entered into a definitive merger agreement with BillerudKorsnäs AB. Per the deal, BillerudKorsnäs AB has agreed to acquire all of the outstanding shares of Verso for a purchase price of $27.00 per share in cash.

Share Price PerformanceZacks Investment Research

Image Source: Zacks Investment Research

Over the past year, Verso’s share price has soared 111.6% against the industry’s decline of 7.2%.

Zacks Rank & Stocks to Consider

Verso currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the basic materials space include Teck Resources TECK, Nutrien NTR and Allegheny Technologies Incorporated ATI. All of these stocks carry a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.Teck Resources has a projected earnings growth rate of 21.5% for the current fiscal year. The Zacks Consensus Estimate for TECK's current fiscal year earnings has been revised upward by 28% in the past 60 days.Teck Resources beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters and missed once, the average surprise being 13%. TECK’s shares have surged around 71% in a year.Nutrien has a projected earnings growth rate of 70% for the current year. The Zacks Consensus Estimate for NTR's current-year earnings has been revised 17% upward in the past 60 days.Nutrien beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters and missed once, the average surprise being 60.3%. NTR has rallied around 54% in a year.Allegheny has an expected earnings growth rate of 661.5% for the current year. The Zacks Consensus Estimate for ATI's current-year earnings has been revised upward by 46% in the past 60 days.Allegheny beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average surprise being 127.2%. ATI has rallied around 24% over a year.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Allegheny Technologies Incorporated (ATI) : Free Stock Analysis Report Verso Corporation (VRS) : Free Stock Analysis Report Teck Resources Ltd (TECK) : Free Stock Analysis Report Nutrien Ltd. (NTR) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

In this article, we look at why billionaire Stanley Druckenmiller just dumped 10 stocks from his portfolio. You can skip our comprehensive analysis of Duquesne Capital's history, investment philosophy, and hedge fund performance and go directly to Billionaire Stanley Druckenmiller Just Dumped These 5 Stocks.

Meta Platforms, Inc. (NASDAQ:FB), Moderna, Inc. (NASDAQ:MRNA), and Zoom Video Communications, Inc. (NASDAQ:ZM) were a few of the most prominent holdings that were dumped during the fourth quarter by famed investor Stanley Druckenmiller, who believes the current market bubble is bigger than the dot-com era one.

Stanley Druckenmiller is the billionaire founder of New York-based Duquesne Capital, which was closed to outside investors in 2010. The firm, which was initially launched in 1981, now functions as a family office that manages Druckenmiller’s substantial wealth, which is estimated by Bloomberg to be $10.4 billion.

Druckenmiller has sounded alarm bells in recent months about what he believes is a mammoth bubble in the market that has crept across “every asset on the planet”, he is quoted as saying during an interview with fellow hedge fund titan Seth Klarman at the Boston Investment Conference in November.

Druckenmiller also took issue with the fed’s stimulus efforts, saying they were further contributing to the bubble’s inflation. However, he did praise the Fed’s move to drop forward guidance, which he believes will allow the latest economic data to guide more effective policymaking.

Given his stance on the market, it’s not surprising that Druckenmiller’s family office sold off several notable holdings during Q4, including Meta Platforms, Inc. (NASDAQ:FB). The social media giant’s long-term metaverse initiative, which lost a shocking $10 billion in Q4, certainly doesn’t appear to align with Druckenmiller’s shorter-term investment philosophy of trying to imagine the world in 18 months and who the winners and losers might be during that timeframe.

Druckenmiller also sold off 14 other former holdings during Q4, the bulk of which we’ll analyze in this article.

Billionaire Stanley Druckenmiller Just Dumped These 10 Stocks

Stan Druckenmiller

Our Methodology

We follow hedge funds like Duquesne Capital because Insider Monkey’s research has uncovered that their consensus stock picks can deliver outstanding returns.

The following list of stocks were the largest holdings sold off by Stanley Druckenmiller’s family office during Q4 according to its 13F filing for the reporting period of December 31, 2021. The positions are ranked in order of their former value in Duquesne’s portfolio.

All hedge fund data is based on the exclusive group of 900+ funds tracked by Insider Monkey that filed 13Fs for the Q4 2021 reporting period.

Billionaire Stanley Druckenmiller Just Dumped These 10 Stocks10. Nektar Therapeutics (NASDAQ:NKTR)

Number of Hedge Fund Shareholders: 24

Druckenmiller unloaded his entire 1-million share position in Nektar Therapeutics (NASDAQ:NKTR) during Q4 less than a year after first taking a stake in the company. Druckenmiller ended up taking a loss on the investment, as NKTR shares have trended downwards throughout the last year and sit more than 90% off their all-time highs hit in 2018.

Other hedge funds have also been unloading Nektar Therapeutics (NASDAQ:NKTR) shares in recent quarters, as 24 funds were long the stock on December 31, down from 31 funds in late 2018. Lee Ainslie’s Maverick Capital held the largest NKTR position at the end of 2021 among those 24 funds at 5.82 million shares, with the stock ranking as one of the 5 Healthcare Stocks to Buy According to Lee Ainslie’s Maverick Capital.

SVB Leerink analyst Daina Graybosch cut the firm’s price target on Nektar Therapeutics (NASDAQ:NKTR) to $18 from $19 on November 8 while maintaining a ‘Market Perform’ rating on the shares. Graybosch believes that the company’s Phase III trial for Bempeg has a higher likelihood of failure in its lead indications than typical late-stage trials.

That is likely one of the reasons why Druckenmiller didn’t like the near-term potential for Nektar Therapeutics shares, just as he appears to have lost near-term conviction in Meta Platforms, Inc. (NASDAQ:FB), Moderna, Inc. (NASDAQ:MRNA), and Zoom Video Communications, Inc. (NASDAQ:ZM).

9. StoneCo Ltd. (NASDAQ:STNE)

Number of Hedge Fund Shareholders: 35

Druckenmiller also unloaded Brazilian fintech company StoneCo Ltd. (NASDAQ:STNE) from his family office’s portfolio during Q4, selling off his entire stake of 382,100 shares just one quarter after purchasing them. Druckenmiller again chose to cut his losses on an ill-timed investment before more damage could be done, as STNE shares have continued to sink, down by 83% since the middle of 2021.

StoneCo Ltd. (NASDAQ:STNE) shares have been battered by the recent investor defection from high-growth stocks, as well as rising treasury yields, some of which rose to their highest levels in two years earlier this year. StoneCo can’t lay the blame entirely on outside factors however, as its third quarter financial results, which included its EPS falling by more than half year-over-year, also disappointed investors.

Other hedge funds have also been abandoning StoneCo Ltd. (NASDAQ:STNE) recently, as hedge fund ownership of the stock has dropped by nearly 25% over the last two quarters.

8. Farfetch Limited (NYSE:FTCH)

Number of Hedge Fund Shareholders: 47

Farfetch Limited (NYSE:FTCH) represents another short-lived position in the 13F portfolio of Duquesne Capital, with the position being initiated in the second quarter of 2021. In Q4, the family office sold off all 629,470 of its shares in the company. Hedge fund ownership of the e-commerce fashion retailer has tumbled by 30% over the last two quarters.

As with the previous two holdings, Farfetch Limited (NYSE:FTCH) shares have fallen throughout much of the last year, save for a brief spike in mid-November that may have offered a prime selling window for Druckenmiller, though it’s unknown when during Q4 his position was unloaded.

Farfetch Limited (NYSE:FTCH) shares have also rebounded slightly in the last week after the company’s fourth quarter results revealed some encouraging operational improvements. The company’s EBITDA surged by more than 250% year-over-year during the quarter to $36.1 million, and it guided for further EBITDA margin growth and greater revenue growth in 2022. Nonetheless, FTCH shares remain down by over 64% in the last year.

In its Q4 2021 investor letter, the RiverPark Large Growth Fund predicted strong long-term growth for Farfetch. Here is what it had to say about the company:

“Farfetch: FTCH shares struggled in 2H21 as consumer behavior remains hard to forecast, supply chain disruptions continue to be elevated, and Apple’s App Tracking Transparency changes make customer outreach difficult and more expensive. Despite these headwinds, which we believe to be transitory, Farfetch still reported 28% gross merchandise volume growth, 33% revenue growth, and 43% gross profit growth.

In March, we had established a small position in this leading online luxury fashion retail platform. The company is benefitting from the secular trends of growing ecommerce, the global market for personal luxury goods, and emerging market growth, particularly in China. Luxury fashion has much lower online penetration than general ecommerce, and Farfetch is differentiated because it has developed longstanding relationships with image conscious luxury product companies. Because of this focus, Farfetch has both higher average order values and higher take rates relative to peers, driving higher gross margins. We believe the company can grow revenue and EBITDA more than 20% and 50% per year, respectively, for the foreseeable future. With its extremely low capital needs—capital expenditures were less than 2% of revenue last year—we expect the company’s free cash flow to grow even faster.”

7. Formula One Group (NASDAQ:FWONK)

Number of Hedge Fund Shareholders: 46

46 hedge funds are long Liberty Media Formula One Series C (NASDAQ:FWONK) as of December 31, up from 40 a quarter earlier, but Druckenmiller’s family office isn’t one of them. It sold off its 485,800 shares during Q4, closing the position it had opened a year earlier. Liberty Media Formula One Series C (NASDAQ:FWONK) shares gained 70% between the start of Q4 2020 and the end of 2021, so the holding was a successful one for Druckenmiller.

While Druckenmiller may not see much more room for share price growth in the coming 18 months, hedge funds, in general, appear to be bullish on the changes being made by the Liberty Media Formula One Series C (NASDAQ:FWONK)’s management as well as the racing league’s untapped potential that’s been hindered by the ongoing effects of Covid-19.

6. Teck Resources Limited (NYSE:TECK)

Number of Hedge Fund Shareholders: 41

Duquesne Capital sold off its Teck Resources Ltd (USA) (NYSE:TCK) holding 1.04 million shares during Q4, closing the position in the Canadian mining company that it opened in the third quarter of 2020. Teck Resources is near its all-time high in hedge fund ownership, as 41 funds were shareholders at the end of 2021.

With coal prices on the rise, Teck Resources Ltd (USA) (NYSE:TCK) is reportedly considering selling off a 10% stake in its metallurgical coal business, which could be worth close to $800 million.

Teck Resources Ltd (USA) (NYSE:TCK) is coming off its strongest quarter ever, pulling in CAD2.54 ($1.99) in EPS, a greater than 400% jump year-over-year, while revenue soared to CAD4.41 billion ($3.45 billion), a 72% year-over-year increase. The company also set quarterly and annual records for adjusted EBITDA.

However, with the company’s shares up by 74% over the last year, Druckenmiller’s decided to move on, casting Teck Resources into the same pit of former holdings that also contains Meta Platforms, Inc. (NASDAQ:FB), Moderna, Inc. (NASDAQ:MRNA), and Zoom Video Communications, Inc. (NASDAQ:ZM), as you’ll see in the conclusion of this article.

Click to continue reading and see Billionaire Stanley Druckenmiller Just Dumped These 5 Stocks.

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Disclosure: None. Billionaire Stanley Druckenmiller Just Dumped These 10 Stocks is originally published at Insider Monkey.

Brisbane, Queensland, Australia–(Newsfile Corp. – March 1, 2022) – Graphene Manufacturing Group Ltd. (TSXV: GMG) ("GMG" or the "Company") is pleased to announce that GMG and Wood have agreed to a non-binding Letter of Intent, with the aim to agree on the terms of binding agreements for Wood to design and deliver major graphene manufacturing expansion projects.

Wood will support GMG in scaling up and automating its proprietary natural gas to graphene manufacturing process. The parties' intent is for Wood to become GMG's engineering, design and construction contractor for GMG's near and long-term graphene manufacturing facility needs in Australia and overseas.

Graphene is one of the main components enabling the GMG and University of Queensland graphene aluminium-ion battery ("G+AI Battery") technology. In 2017 and 2018, GMG developed and proved its proprietary graphene production process to produce graphene from natural gas (i.e. methane). This process produces high quality and scalable graphene, suitable for use in clean-technology applications, including G+AI Batteries. GMG's arrangement with Wood is intended to support scaling and automation of the graphene production process to meet graphene supply requirements for GMG's targeted G+AI Battery division.

A Letter of Intent was earlier signed with Bosch (news release 25 October 2021) for the design and delivery of targeted G+AI Battery manufacturing plants. GMG and Wood will work in collaboration with Bosch to create an aligned production process from graphene manufacturing through to final G+AI Battery products across the Company's facilities.

GMG's Managing Director and CEO, Craig Nicol, commented: "We are proud and excited to be collaborating with Wood who are a major, world leading engineering company with a significant focus on the energy transition. As we have told our shareholders, one of our key current activities is engagement with customer and industry partners for G+AI Battery development and this is another example of that progression. In parallel we are also building up our internal battery and graphene engineering capability further through a recruitment programme that is underway. Together with the partnership already established with Bosch this is another important step towards GMG's goal to become a major global supplier of G+AI Batteries as we continue to de-risk the commercial scale up of this technology."

About Wood

Wood is a global leader in consulting and engineering across energy and the built environment, helping to unlock solutions to some of the world's most critical challenges. Wood provides consulting, projects and operations solutions in more than 60 countries, employing around 40,000 people. www.woodplc.com

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 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

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 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 timing, completion and the final terms and conditions of binding agreements to be entered into between Wood and the Company; Wood's role as a technical development partner and the impacts and benefits arising therefrom, including facility needs; GMG's ability to produce its products and the benefits arising from such products; and the commercial progress and technical characteristics of certain products.

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 related to the deployment of the Company's resources, including that GMG and Wood will be unable to agree on terms and conditions for binding agreements; that such terms and conditions will differ from the Company's expectations; that results and impacts arising binding agreements between GMG and Wood will differ from the Company's expectations; changes to regional and global market trends; and that the Company will be unable to research, develop and produce certain products and technologies.

In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, assumptions regarding the Company's ability to enter into binding agreements with Wood on the terms consistent with the Company's expectations; that benefits and impacts arising from binding agreements between the Company and Wood will be consistent with the Company's expectations; the Company's ability to research, develop and test its products within anticipated timelines; and market demand for the Company's products.

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/115227

Teck Resources Ltd TECK reported fourth-quarter 2021 adjusted earnings per share (EPS) of $2.02, missing the Zacks Consensus Estimate of $2.04. The bottom line surged 470% from the prior-year quarter, driven by higher prices of its principal products. These were partly offset by lower sales volumes, higher operating costs and the strengthening of the Canadian dollar.Including one-time items, the company reported EPS of $2.17 against the prior-year quarter’s loss per share of 67 cents.Net sales amounted to $3,495 million, surging 78% year over year. The top line also missed the Zacks Consensus Estimate of $3,695 million.The steelmaking coal sales volumes declined 23% year over year to 5.1 million tons and were lower than the company’s guidance owing to logistics chain disruptions resulting from the floods in British Columbia (B.C) and extremely cold weather in late December. Of this, the company sold 1.8 million tons of steelmaking coal to China. The copper sales volume declined 11% year over year in the fourth quarter due to the unfavorable impact of B.C floods on Highland Valley Copper (HVC) sales volume. Zinc sales volume declined 11% year on year owing to a late start to the shipping season, weather-related delays at Red Dog and operational issues at Trail operation.The gross profit, before depreciation and amortization, came in at $1,968 million compared with the year-ago quarter’s $701 million. The gross margin came in at 56.3% compared with the year-ago quarter’s 35.6%. The adjusted EBITDA was $2,001 million, up 210% from the year-earlier period’s levels. The EBITDA margin came in at 57% in the fourth quarter compared with the year-earlier quarter’s 33%.

Teck Resources Ltd Price, Consensus and EPS SurpriseTeck Resources Ltd Price, Consensus and EPS Surprise

Teck Resources Ltd price-consensus-eps-surprise-chart | Teck Resources Ltd Quote

Segment Performance

The Steelmaking Coal segment reported sales of $1,813 million, reflecting a year-over-year jump of 174%. The segment reported an operating profit of $1,185 million against the operating loss of $70 million in the prior-year quarter.The Copper segment’s net sales climbed 16% year over year to $733 million in the December-end quarter. The segment’s operating profit was $532 million in the reported quarter compared with the year-ago quarter’s $305 million.The Zinc segment’s net sales were up 38% year over year to $783 million during the reported quarter. The segment’s operating profit surged 133% to $175 million during this period.The Energy segment’s net sales surged 55% year over year to $167 million in the fourth quarter. The segment incurred an operating loss of $30 million compared with the prior-year quarter’s $510 million.

Financials

Teck Resources generated a cash flow of $3,760 million from operating activities in 2021 compared with $1,231 million in 2020. The company had cash and cash equivalents of $1,133 million at the end of 2021 compared with $354 million at 2020-end. Total debt was $6,403 million at the end of 2021 compared with $5,470 million at the end of the prior year.

Project Updates

The progression of its flagship QB2 copper growth was completed 77% during the fourth quarter. Teck Resources continues to expect the first production in the second half of 2022.

2021 Performance

Teck Resources reported an adjusted EPS of $4.52 in 2021 compared with 78 cents reported in the prior year. Earnings beat the Zacks Consensus Estimate of $4.39. Including one-time items, the bottom line came in at $4.25 against a loss of $1.21 per share in 2020.Sales were up 61% year over year to $10.74 billion. The top line missed the Zacks Consensus Estimate of $10.89 billion.

Guidance

Teck Resources expects steelmaking coal production between 24.5 million tons and 25.5 million tons for 2022. Copper production is anticipated within 273,000-290,000 tons. Zinc production is projected between 630,000 tons and 665,000 tons. The company estimates Bitumen production for 2022 between 12 million barrels and 14.4 million barrels.For first-quarter 2022, the company expects sales of zinc in concentrate in the range of 130,000-150,000 tons at Red Dog. Steelmaking coal sales are projected to be 6.1-6.5 million tons for the first quarter. The company will continue to prioritize the available spot sales to China. The sales to Chinese customers are priced at the CFR China price assessments, which are higher than the FOB Australia price assessments, thereby boosting its overall realized price.

Price Performance

The company’s shares have soared 67.8% in the past year compared with the industry’s rally of 8.3%.

Zacks Investment Research

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Zacks Rank & Stocks to Consider

Teck Resources currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the basic materials space include Commercial Metals Company CMC, AdvanSix Inc ASIX and Allegheny Technologies Incorporated ATI. While CMC and ASIX sport a Zacks Rank #1 (Strong Buy), ATI carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.Commercial Metals has a projected earnings growth rate of 62% for the current fiscal year. The Zacks Consensus Estimate for CMC's current fiscal year earnings has been revised upward by 23% in the past 60 days.Commercial Metals beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters and missed once, the average surprise being 13.1%. CMC’s shares have surged around 44.7% in a year.AdvanSix has an expected earnings growth rate of 14.6% for the current year. The Zacks Consensus Estimate for ASIX’s current-year earnings has been revised upward by 9.7% in the past 60 days.AdvanSix beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters, the average surprise being 23.6%. ASIX has appreciated around 30.1% in a year.Allegheny has an expected earnings growth rate of 661.5% for the current year. The Zacks Consensus Estimate for ATI's current-year earnings has been revised 45.6% upward in the past 60 days.Allegheny beat the Zacks Consensus Estimate for earnings in each of the trailing four quarters, the average being 127.2%. ATI has rallied around 20.9% over a year.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Allegheny Technologies Incorporated (ATI) : Free Stock Analysis Report Commercial Metals Company (CMC) : Free Stock Analysis Report Teck Resources Ltd (TECK) : Free Stock Analysis Report AdvanSix (ASIX) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

Global mining company Anglo American (AAL.L) posted record full year earnings of $20.6bn (£15.3bn) and more than tripled its annual payout to shareholders, as soaring commodity prices boosted profits.

The mining giant’s earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 111% to $20.6bn, from $9.8bn in 2020, with profits attributable to shareholders rising to $8.6bn.

Anglo American has set aside $2.1bn as final dividend, equal to $1.18 per share, after already paying out $4.1bn, including $1bn special dividend and $1bn buyback.

Including dividends and buybacks announced alongside half-year results in July, Anglo will return more than $6.2bn to investors for the 2021 financial year, a record for the 104-year-old company.

“These are clearly the strongest results we have ever posted,” outgoing CEO Mark Cutifani said.

Cutifani will step down in April after nearly a decade at the helm and hand over to Duncan Wanblad, currently the company's director of strategy and business development.

Supply restraints have sent commodity prices to record highs over the past year, which have boosted profits across the sector.

“Prices have been very much driven by supply struggling to keep up with that demand. And I think that will probably be with us for another year or two,” Cutifani said.

Copper production was unchanged at 647,200 tonnes from 647,400 tonnes in 2020, while iron ore production increased by 3.4% to 63.8 million tonnes from 61.7 million tonnes, as easing COVID restrictions provided a better output from Kumba Iron Ore.

Anglo American shares are up 3%.Chart: Yahoo Finance UK

The company cut its 2022 copper production guidance to 660,000-750,000 metric tons from the previous range of 680,000-760,000 tons. Anglo American said this was driven by reduced workforce availability in Peru due to the spread of the Omicron variant, which hampered progress at its Quellaveco project.

The firm also said it was planning to ramp up investment in its Woodsmith project, near Whitby in Yorkshire.

“In a year of two distinct halves, we recorded strong demand and prices for many products as economies recouped lost ground, spurred by government stimulus,” Cutifani said.

“Copper and PGMs [platinum group metals] – essential to the global decarbonisation imperative – and premium quality iron ore for greener steelmaking, supported by an improving market for diamonds, all contributed to a record financial performance.”

Net debt had dropped to $3.8bn by the end of 2021 from $5.5bn a year earlier while capital expenditure rose 48% to $565m as spending on projects deferred in 2020 because of the coronavirus pandemic picked up again.

Since 2017, Anglo has returned $12.2bn to shareholders and invested $18bn in the business.

Mining companies have been delivering record profits and cash returns. This week Rio Tinto (RIO) declared $16.8bn in dividends, the second biggest in UK corporate history. Glencore (GLEN.L) and BHP (BHP) also recorded strong results and handed bumper payouts to investors.

Watch: How does inflation affect interest rates?

Teck Resources Ltd

Additional buybacks to be considered regularly

VANCOUVER, British Columbia, Feb. 23, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that its Board of Directors has approved an amended dividend policy, declared a dividend and authorized the repurchase of up to $100 million of Class B subordinate voting shares in 2022.

Under the new dividend policy, the annual base dividend has been increased from $0.20 per share to $0.50 per share. In accordance with the new dividend policy and Teck’s Capital Allocation Framework, Teck’s Board of Directors declared an eligible dividend of $0.625 per share on its outstanding Class A common shares and Class B subordinate voting shares, to be paid on March 31, 2022, to shareholders of record at the close of business on March 15, 2022, consisting of the $0.125 per share quarterly base dividend and a supplemental dividend of $0.50 per share.

In addition to the dividend payment, the Board has granted management the authority to purchase up to $100 million of Class B subordinate voting shares annually. Additional buybacks will be considered regularly. Taking into account the new annual base dividend in 2022, the supplemental dividend, and assuming the $100 million in share repurchases, these initiatives represent approximately $635 million in aggregate of dividends and potential share repurchases.

All share repurchases are expected to be made in accordance with Teck’s previously announced normal course issuer bid program, or any renewal thereof, or by such other means as may be permitted under applicable securities laws. The current program authorizes Teck to purchase up to 40 million Class B subordinate voting shares through the period ending November 1, 2022. Any repurchases following that date may depend on regulatory approval of a renewed normal course issuer bid program. Teck intends to purchase shares opportunistically. The company will determine the timing of any purchases, and may repurchase fewer or a greater number of shares, subject to the requirements of the issuer bid program and applicable securities laws.

Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the Unites States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the Securities Act (Ontario). Forward-looking statements and information can be identified by statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or achieved. Forward-looking statements include statements regarding concerning Teck’s intention to make purchases of Class B subordinated voting shares, and Teck’s expectations regarding the amount of funds to be spent to purchase Class B subordinated voting shares, the expectation that up to $100 million, or any, Class B subordinated voting shares will be repurchased annually, and the intention to continue the annual base dividend of $0.50 per share.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Teck to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

Factors that may cause actual results to vary include, but are not limited to, the ability to acquire Class B Shares in the market through the normal course issuer bid and in compliance with regulatory requirements, share price volatility, negative changes to commodity prices, availability of funds to purchase shares, alternative uses for funds and other risk factors impacting Teck’s business as detailed in Teck’s annual information form and in its public filings with Canadian securities administrators and the U.S. Securities and Exchange Commission. Declaration of dividends is at the discretion of the Board and dividends, as well as share repurchases, are subject to conditions under corporate law. Any of the foregoing may have the result of restricting future dividends or share repurchases. Teck does not assume the obligation to revise or update these forward-looking statements after the date of this document, except as may be required under applicable securities laws.

Investor Contact:Fraser PhillipsSenior Vice President, Investor Relations & Strategic Analysis604.699.4621fraser.phillips@teck.com

Media Contact:Chris Stannell Public Relations Manager604.699.4368chris.stannell@teck.com

Teck Resources Ltd

VANCOUVER, British Columbia, Feb. 23, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that three additional independent directors have been appointed to the Board. Mr. Masaru Tani was appointed effective December 17, 2021 and Mr. Paul Schiodtz and Ms. Sarah Strunk have been appointed effective February 23, 2022.

Masaru Tani has held various positions with Sumitomo Metal Mining Co., Ltd. since 1984 and is currently Qualified Executive of Sumitomo Metal Mining Co., Ltd and the President of Sumitomo Metal Mining Canada Ltd. and based in Vancouver. He replaced Mr. Eiichi Fukuda, who retired effective December 2, 2021. Teck would like to thank Mr. Fukuda for his many contributions during his years of service on the Board.

Sarah Strunk is Chair of the Board of Directors of the law firm Fennemore Craig, where she has represented numerous clients in the mining and natural resource industry over the past three decades. She practices business and finance law, with an emphasis on mergers and acquisitions, corporate governance, international sales contracts, and exploration projects. Ms. Strunk was previously Corporate Counsel to the copper and molybdenum division of Cyprus Amax Minerals Company. She has served on the Board of the Arizona Mining Association and was a trustee of the Rocky Mountain Mineral Law Foundation. Ms. Strunk is based in Coronado, California.

Paul Schiodtz is Chairman of the Board of Directors of the Asociacion Chilena de Seguridad, the largest worker health and safety organization in Chile. He has worked as an executive in the forestry, methanol and mining industries in Chile, the United States and Canada. He is a council member of the Sociedad de Fomento Fabril and the former Chair of the Chile-Canada Chamber of Commerce and the Chilean Chemical Industry Association. Mr. Schiodtz is based in Santiago, Chile.

Investor Contact:Fraser PhillipsSenior Vice President, Investor Relations & Strategic Analysis604.699.4621fraser.phillips@teck.com

Media Contact:Chris Stannell Public Relations Manager604.699.4368chris.stannell@teck.com

Mining stocks, among the stock market’s best groups lately, are in focus this week with earnings from Teck, Vale and Rio Tinto.

Teck Resources Ltd

VANCOUVER, British Columbia, Feb. 24, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) President and Chief Executive Officer Don Lindsay will be presenting at BMO Capital Markets’ 31st Annual Global Metals & Mining conference on Monday, February 28, 2022 at 2:00 p.m. Eastern/11:00 a.m. Pacific time. The investor presentation will include information on company strategy, financial performance, and outlook for the company’s business units.

The presentation will be webcast through the following link at: https://bmo.qumucloud.com/view/2022-gmm-teck.

Alternatively, the webcast with supporting slides will be available on Teck’s website at: www.teck.com.

Investor Contact:Ellen LaiCoordinator, Investor Relations604.699.4257ellen.lai@teck.com

Media Contact:Chris Stannell Public Relations Manager604.699.4368chris.stannell@teck.com

Teck Resources Ltd (TECK) came out with quarterly earnings of $2.02 per share, missing the Zacks Consensus Estimate of $2.04 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -0.98%. A quarter ago, it was expected that this company would post earnings of $1.07 per share when it actually produced earnings of $1.49, delivering a surprise of 39.25%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Teck Resources Ltd , which belongs to the Zacks Mining – Miscellaneous industry, posted revenues of $3.5 billion for the quarter ended December 2021, missing the Zacks Consensus Estimate by 6.72%. This compares to year-ago revenues of $1.96 billion. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Teck Resources Ltd shares have added about 23% since the beginning of the year versus the S&P 500's decline of -11.3%.

What's Next for Teck Resources Ltd?

While Teck Resources Ltd has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Teck Resources Ltd: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.50 on $3.02 billion in revenues for the coming quarter and $5.18 on $11.81 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining – Miscellaneous is currently in the top 39% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Silica Holdings (SLCA), has yet to report results for the quarter ended December 2021. The results are expected to be released on February 25.

This commercial silica producer is expected to post quarterly loss of $0.30 per share in its upcoming report, which represents a year-over-year change of -15.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Silica Holdings' revenues are expected to be $255.1 million, up 12.2% from the year-ago quarter.

(Adds details on forecast)

Feb 24 (Reuters) – Canadian miner Teck Resources Ltd reported a better-than expected fourth-quarter profit on Thursday, driven by higher prices for copper and steelmaking coal.

Demand for copper and coal has risen as global economies recover further from pandemic lows. Copper prices rose 25% in 2021, also boosted by tight supplies, falling inventories and a pick-up in electric vehicle sales, while coal prices hit record a high in the final quarter of last year.

Teck said its average price realized for copper rose about 35% year-on-year in the fourth quarter, while production fell 7% to 72,600 tonnes, hurt by lower output from its Carmen de Andacollo mine as a result of lower ore grades. Realized steelmaking coal prices more than tripled to $351 per tonne.

Copper production for 2022 is expected at 273,000 tonnes to 290,000 tonnes, compared with 287,000 tonnes last year. Steelmaking coal sales are seen between 6.1 million tonnes and 6.5 million tonnes for the first quarter, compared with 6.2 million tonnes in the same period of 2020.

The miner is exploring options for its metallurgical coal business, including a sale or spinoff that could value the unit at as much as $8 billion, according to media reports.

The company's adjusted quarterly profit of C$2.54 per share topped analysts' estimate of C$2.39 per share, according to Refinitiv IBES.

($1 = 1.2787 Canadian dollars) (Reporting by Rithika Krishna in Bengaluru; Editing by Subhranshu Sahu)

Rio Tinto (RIO.L) posted bumper annual profits and said it would pay shareholders a record final dividend of $7.7bn (£5.6bn) as it cashes in on soaring commodity prices.

Profits surged 72% on 2020, reaching the highest levels in the company's 149-year history, as iron ore earnings roughly doubled.

The firm paid out a total dividend for 2021 worth $16.8bn – a record for the miner and one of the largest in UK corporate history.

The FTSE 100 (^FTSE) mining giant announced it reaped annual underlying earnings of $21.4bn in 2021 thanks to surging iron ore prices and strong demand from China.

Underlying ebitda (earnings before interest, tax deprecation, and amortisation) rose 58% compared to 2020 to $37.7bn, on revenue of $63.5bn. It ended the year with a net cash position of $1.6bn.

Ebitda is a measure tracked by analyst, and the results were broadly in line with market expectations

Iron ore hit a record of over $230 a tonne in May, however, prices in the commodity have been volatile.

The commodity retreated to the mid $80s in the second half of last year as China reined in the output of its steel makers to meet stricter environmental standards. The market has since rallied, touching $150 earlier in 2022 after monetary easing and relaxed climate targets raised confidence in robust Chinese steel output in the coming year.

Rio Tinto CEO Jakob Stausholm said "the recovery of the global economy, driven by industrial production, resulted in significant price strength for our major commodities" and allowed for the results.

The London-based group expects the cost of production at its Pilbara iron ore business in the range of $19.50 to $21 per ton in 2022, compared to $18.60 per ton in 2022.

Looking ahead it expects capital expenditure of about $8bn this year, rising to around $9bn to $10bn in 2023 and 2024.

Shares in the company declined 0.2% on Wednesday morning in London.

Graph: Yahoo Finance

It comes as the Anglo-Australian miner is reeling from a damning report detailing a culture of racism and harassment and claims of sexual assault at the company.

Stausholm who took the reins at the company just over a year ago, published the report and has also been working to overhaul the miner's reputation after it destroyed an ancient Aboriginal site in 2020.

Rio Tinto also announced plans to diversify its business. "Our agenda is an ambitious, multi-year journey which we are determined to deliver and we have already taken the first steps, with underground operations under way following the Oyu Tolgoi agreement and a binding agreement to acquire the Rincon lithium project in Argentina," Satusholm said.

Mining companies have emerged as dividend-paying stalwarts of the London stock market since the coronavirus pandemic.

Glencore (GLEN.L), the world’s biggest miner, announced a $4bn payout, while BHP (BHP) recently posted strong results and declared a record $7.6bn half-year dividend, and Chile-focused miner Antofagasta (ANTO.L) reported a record dividend of $1.4bn earlier this week.

Watch: Why are gas prices rising?

(Adds rescheduling of Wednesday assembly due to lack of quorum)

By Tatiana Bautzer and Marta Nogueira

SAO PAULO/RIO DE JANEIRO, Feb 23 (Reuters) – Samarco Mineracao faces a possible creditor standoff at a meeting which has been scheduled for March 10 to vote on debt restructuring proposals which would allow the Brazilian iron ore miner to exit bankruptcy protection.

Creditors of the iron ore joint venture between Vale SA and BHP Group were expected to vote on Wednesday on the latest proposals to restructure some $5 billion in financial debt.

But due to a lack of quorum, the meeting was rescheduled, Samarco said in a statement. A final vote will now be held on to March 10, the eve of the deadline for Samarco's restructuring, regardless of the number of creditors present.

Samarco faces uncertainty on another front too as federal and state authorities have been in talks with it since last year on potential reparations related to a deadly dam burst in 2015, while state prosecutors in Minas Gerais said they expect to begin discussing total amounts by next month.

Documents released by the court-appointed administrators of Samarco's bankruptcy proceedings show that its creditors have demanded payment of 100% of the debt due, with accrued interest in new bonds guaranteed by the shareholders Vale and BHP.

Samarco, for its part, has proposed in December a 75% discount to bondholders, with the payment in bonds that will mature in 2041. Another alternative would be to convert the debt into equity, with creditors reaching a stake above 15%.

Advisors to bondholders, who requested anonymity, say their clients will vote down Samarco's current proposal. .

An ad hoc creditors group on Tuesday proposed that former Vale and Nexa Resources executive Tito Martins should become chairman in "a fundamental step" towards a "New Samarco".

Simon Duncombe, vice-president for Brazil Non-Operated Joint Ventures at BHP, said this proposal will not change the situation, adding that while creditors are likely to demand the appointment of new executives, Samarco "doesn't have a management problem".

Earlier this month, Vale signed a 20-year production agreement with Samarco that is expected to add $5.1 billion in net revenue by 2042 and bring forward its iron ore output goal.

If its creditors decide to reject Samarco's proposal, Brazilian law allows them to put forward alternative plans.

In that case, Duncombe said Vale and BHP would demand the right to vote in an assembly of creditors, which include asset managers York, Ashmore, Canyon, Maple Rock and Solus.

Samarco's bondholders are represented by law firms Padis Mattar Advogados, Ferro, Castro Neves (FCDG) and Davis Polk and advised by investment bank Houlihan Lokey.

Samarco is represented by JPMorgan Chase, Vale by Moelis and BHP by Rothschild. (Reporting by Tatiana Bautzer in Sao Paulo and Marta Nogueira in Rio de Janeiro; Editing by Alexander Smith)

By Tatiana Bautzer and Marta Nogueira

SAO PAULO/RIO DE JANEIRO, Feb 23 (Reuters) – Samarco Mineracao faces a possible creditor standoff at meetings starting on Wednesday to vote on debt restructuring proposals which would allow the Brazilian iron ore miner to exit bankruptcy protection.

Creditors of the iron ore joint venture between Vale SA and BHP Group are expected to vote on the latest proposals to restructure some $5 billion in financial debt.

But the two sides remain far apart and if the meeting lacks a quorum, a final vote will be held on March 10, the day before the current deadline for Samarco's restructuring.

Advisors to bondholders, who requested anonymity, say their clients will vote down Samarco's current proposal.

An ad hoc creditors group on Tuesday proposed that former Vale and Nexa Resources executive Tito Martins should become chairman in "a fundamental step" towards a "New Samarco".

Earlier this month, Vale signed a 20-year production agreement with Samarco that is expected to add $5.1 billion in net revenue by 2042 and bring forward its iron ore output goal.

If its creditors decide to reject Samarco's proposal, Brazilain law allows them to put forward alternative plans.

In that case, Duncombe said Vale and BHP would demand the right to vote in an assembly of creditors, which include asset managers York, Ashmore, Canyon, Maple Rock and Solus.

Samarco's bondholders are represented by law firms Padis Mattar Advogados, Ferro, Castro Neves (FCDG) and Davis Polk and advised by investment bank Houlihan Lokey.

Samarco is represented by JPMorgan Chase, Vale by Moelis and BHP by Rothschild. (Reporting by Tatiana Bautzer in Sao Paulo and Marta Nogueira in Rio de Janeiro; Editing by Alexander Smith)

(Bloomberg) — Teck Resources Ltd. is exploring the sale of a minority stake in its metallurgical coal business as it seeks to take advantage of surging prices for the commodity, people familiar with the matter said.

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