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London, United Kingdom–(Newsfile Corp. – August 26, 2025) – The mining industry's most influential names are heading to London this December, as BHP, Rio Tinto, Vale, and Freeport-McMoRan confirm their participation in Resourcing Tomorrow 2025 — the global meeting place for mining, energy, and resource transition leaders.

Joining these industry giants on stage are leading innovators and regional champions including Alcoa, Anglo Gold Ashanti, Barrick, Eldorado Gold, Gemfields Group, Kenmare Resources, McEwen Mining, Pan American Silver, Sandstorm Gold Royalties, and Wheaton Precious Metals. View all confirmed mining companies here.

As the anchor event of London Mining Week, Resourcing Tomorrow plays a critical role in driving global collaboration, investment, and innovation across the mining sector. With over 2,000+ c-level attendees expected from across 100+ countries, the 2025 edition promises to be one of the most impactful yet.

Timed just weeks after COP30 in Brazil, Resourcing Tomorrow offers a powerful platform for the industry to respond, align, and act on the commitments made to global climate and sustainability goals. This is where the mining world converges — not just to talk about change, but to deliver it.

The 2025 programme will tackle the key forces reshaping the mining landscape, with themes including:

Critical mineral strategies
Global geopolitics and supply chains
ESG leadership and investment
Cross-sector innovation and technology adoption

Speakers include:

Mark Bristow, President & Chief Executive Officer, Barrick
Mark Cutifani, Chair, Vale Base Metals
Maximo Pacheco, Chairman, Codelco
Katie Jackson, Chief Executive – Copper, Rio Tinto
Carol Plummer, Senior Vice President Sustainability, People and Culture, Agnico Eagle Mines
Marley Palin, Head of Xplor & Portfolio, Innovation & Strategy, BHP
Bill Cobb, Vice President and Chief Sustainability Officer, Freeport McMoRan
Victoria Peacey, President, Resolution Copper
Brent Bergeron, Senior Vice President Corp Affairs and Sustainability, Pan American Silver
Nolan Watson, President and Chief Executive Officer, Sandstorm Gold Royalties
Faisal Al Othaim, Chairman, Saudi Gold Refinery
Patrick Drouin, President and Chief Sustainability Officer, Wheaton Precious Metals International

With the pace of change accelerating, Resourcing Tomorrow will spotlight the leaders, projects, and technologies securing the minerals that power our world — from clean energy to digital transformation.

Join us in London this December as we shape the future of mining together.

To register or learn more, visit resourcingtomorrow.com.

Marketing Contact: Jessica Cooper jessica.cooper@resourcingtomorrow.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263921

If you are weighing your next move with BHP Group stock, you are far from alone. The stock has been on a steady climb lately, gaining 1.3% over the past week, 4.5% for the last month, and an impressive 8.3% in the past year. Looking back even further, BHP Group has rewarded patient investors with an 80.8% gain over five years. This naturally draws attention when deciding whether to buy more, hold, or perhaps even take some profit off the table. There is plenty of recent news impacting investor sentiment. On the positive side, BHP is taking a leadership role in an ambitious consortium exploring carbon capture initiatives across Asia. This is a strategic play that could enhance the company's future prospects and its alignment with cleaner industry trends. Of course, there have been challenges, too. Legal headlines about longstanding settlements related to the Mariana dam disaster put a spotlight on risk, which can sway opinions on what is already a closely watched stock. So, is BHP Group undervalued? According to the standard six-check valuation score, the company clocks in at 2 out of 6. This indicates that while it is undervalued by some measures, investors may want a closer look before making a move. Next, we will break down how these different valuation approaches stack up, and keep an eye out for a more insightful way to cut through the noise at the end of the article. BHP Group scores just 2/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.

Approach 1: BHP Group Cash Flows

A Discounted Cash Flow (DCF) model estimates what a company is really worth by projecting its future cash flows and then discounting them back to today. This helps investors judge if the current stock price is attractive.

For BHP Group, the company reported a Last Twelve Months Free Cash Flow of $10.4 billion. Analysts project that annual free cash flow will decrease slightly over the coming years, with estimates dropping to $7.2 billion by 2028 and, based on extrapolations, reaching around $6.4 billion in 2035.

Based on these projections, the DCF calculation produces an estimated intrinsic value of $37.35 per share. When compared to BHP Group's share price, the model suggests the stock is trading at a 14.2% premium. This means it is 14.2% overvalued by this approach.

Result: OVERVALUED

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for BHP Group.

BHP Discounted Cash Flow as at Aug 2025

Our DCF analysis suggests BHP Group may be overvalued by 14.2%. Find undervalued stocks based on DCF analysis or create your own screener to find better value opportunities.

Approach 2: BHP Group Price vs Earnings

The Price-to-Earnings (PE) ratio is one of the most widely used valuation multiples, especially for profitable companies like BHP Group. It offers a straightforward way to compare how much investors are willing to pay for each dollar of earnings. Generally, companies with better growth prospects and lower risk trade at higher PE ratios, while those facing uncertainty or slower growth are valued at lower multiples.

Currently, BHP Group trades at a PE ratio of 15.56x. This is slightly higher than the industry average of 14.42x for the Metals and Mining sector but below its peer average of 17.60x. These benchmarks provide helpful context but do not tell the whole story, as they overlook unique growth rates, risk profiles, and company fundamentals.

That is where Simply Wall St's "Fair Ratio" comes in. The Fair Ratio (20.01x) is tailored for BHP by considering its earnings growth forecasts, profitability, industry landscape, company size, and risk factors. By taking these important factors into account, the Fair Ratio gives a more nuanced and accurate reflection of what a fair valuation multiple should be, rather than relying solely on industry peers or averages.

With BHP's current 15.56x PE trailing the 20.01x Fair Ratio, the stock appears to be undervalued using this approach.

Result: UNDERVALUED

ASX:BHP PE Ratio as at Aug 2025

PE ratios tell one story, but what if the real opportunity lies elsewhere? Discover companies where insiders are betting big on explosive growth.

Upgrade Your Decision Making: Choose your BHP Group Narrative

Earlier we mentioned that there is an even better way to understand valuation. Let us introduce you to Narratives. Simply put, a Narrative is your personal story or perspective on a company, brought to life by linking your assumptions about BHP Group's future revenue, profit margins, and fair value to a forecast that you can track.

Narratives allow you to connect the company's broader story with concrete financial forecasts and a resulting fair value, all within an easy-to-use tool on Simply Wall St's Community page, which is used by millions of investors worldwide.

With Narratives, you can quickly see how your view of BHP’s prospects compares to others. You can make buy or sell decisions by comparing your Fair Value to the current share price.

As new news or earnings are released, Narratives are automatically refreshed, giving you real-time context to adjust your view.

For example, one investor might believe BHP’s ambitious copper growth justifies a Fair Value above A$41. Another may see risks from debt or commodity price swings and set their Fair Value much lower. Ultimately, Narratives help you make sense of what really matters to you as an investor.

Do you think there's more to the story for BHP Group? Create your own Narrative to let the Community know!

ASX:BHP Community Fair Values as at Aug 2025

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include BHP.AX.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

(Updates shares.) Apollo Silver (APGO.V) said Monday it expanded its team focused on the Calico s

Apollo Silver (APGO.V) said Monday that it expanded its team focused on the Calico silver project in

Apollo Silver Corp.

Company amends Langtry option and prepares to advance exploration and resource development programs

VANCOUVER, British Columbia, Aug. 25, 2025 (GLOBE NEWSWIRE) — Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce a number of positive developments at its Calico Silver Project (“Calico” or the “Calico Project”) located in San Bernardino County, California.

Highlights:

Appointment of Senior Project Manager: Tony Gonzales, P.Geo., with over 35 years of mineral exploration experience, including leading roles at BHP and Fission Uranium, joins as Senior Project Manager with a focus on advancing Calico.
Langtry Option Extension: The Company has executed an amendment to one of its Option to Purchase Agreements for the Strachan portion of the Langtry Property, extending its right to acquire up to 100% of that portion of the property by an additional nine (9) years.
Waterloo Permit Extension: The Company has received approval for a third extension of the Temporary Use Permit (“TUP”) for the Waterloo Property, which allows for exploration drilling activities for the next twelve (12) months.
Strengthening of Technical Advisors: The Company has engaged George Kenline, PG, CHg, CEG, a California-licensed Engineering Geologist and Hydrogeologist, and Genesg, a consulting firm with global expertise specializing in permitting, stakeholder relations, sustainability, and ESG leadership, to its technical advisory team for Calico.

Appointment of Senior Project Manager

To support the advancement of Calico, Apollo is also pleased to announce the appointment of Tony Gonzales, P. Geo., as Senior Project Manager.

Tony brings more than 35 years of mineral exploration experience, including nearly two decades with mining giant BHP. He was instrumental in advancing the EKATI Diamond Mine from exploration through to production, holding senior positions such as Senior Exploration Geologist, Technical Specialist (R&D), and Superintendent of Exploration.

As Project Manager at Fission Energy, Tony oversaw advanced exploration of the J Zone uranium deposit at Waterbury Lake. He later served as Senior Project Manager for Fission Uranium, contributing to both the discovery and advancement of the award-winning Triple-R deposit. Tony was also a key member of the team that discovered F3 Uranium’s JR-Zone in Northern Saskatchewan.

Ross McElroy, President and CEO of Apollo, commented, “Calico consists of a major, high confidence silver resource surrounded by one of the most prospective land packages in the region. Thanks to the success of prior work programs, we already have an exciting list of exploration targets, including high-grade silver, gold, and barite. Now, with the appointment of Tony Gonzales, we have one of the industry’s top exploration team leaders to take Calico into its next phase of growth.”

Langtry Option Extension

The Company has entered into an amendment (the “Amendment”) to its Option to Purchase Agreement with David K. Strachan as Trustee of the Bruce & Elizabeth Strachan Revocable Living Trust dated July 25, 2007 (“Strachan”). Under the original agreement, the Company was required to make a payment equal to the greater of US$5.2 million or the spot price of 220,000 troy ounces of silver, less any option payments made to date, by December 24, 2025, in order to acquire 100% interest in 20 patented and 2 unpatented mineral claims (the “Strachan Property”) within the Langtry Property, part of the Company’s larger Calico Project. The Langtry deposit, the majority of which is located on the Strachan Property, has a 2022 inferred Mineral Resource Estimate of 19.3 M tonnes at a grade of 81 g/t Ag for a total of 50 M oz of Ag using a 50 g/t silver cut-off (see news release dated February 9, 2022).

The Amendment extends the option period expiry date from December 24, 2025 to December 24, 2034; increases the purchase price to the greater of US$7.0 million or the spot price of 250,000 troy ounces of silver (the “Amended Purchase Price”), less any option payments made to date; and provides for annual option maintenance payments to be made over the duration of the eight-year extension totaling US$3.9 million, all of which can be credited against the Amended Purchase Price upon exercise.

To date, the Company has made a total of US$500,000 in option maintenance payments, which can be credited against the Amended Purchase Price upon exercise.

Waterloo Permit Extension

The Company has received approval from the San Bernardino County Land Use Services Department for its third extension of its TUP, allowing the Company to conduct exploration drilling at Waterloo for the next twelve (12) months

Technical Advisory Additions

The Company has entered into an Advisory Agreement with George Kenline to act as an independent technical advisor to the Company. Mr. Kenline is a California licensed Engineering Geologist and Hydrogeologist with extensive experience in environmental review processes. In particular, he has deep expertise in the permitting of mineral resource extraction, water supply development, reclamation, and habitat restoration in the County of San Bernardino, California. For over 15 years, he led as the Mining Engineering Geologist/Environmental Compliance Manager for the San Bernardino County’s Land Use Services Department Mining Section as the County’s Mining/Engineering Geologist.

Additionally, Apollo has also strengthened its project development team by engaging Genesg, a consulting firm with global expertise in permitting, stakeholder engagement, sustainability, and ESG Leadership, to support the Company as it advances Calico towards project development.

Qualified Person

The scientific and technical data contained in this news release was reviewed and approved by Isabelle Lépine, M.Sc., P.Geo., Apollo’s Director, Mineral Resources. Ms. Lépine is a registered professional geologist in British Columbia and a QP as defined by NI 43-101 and is not an independent of the Company.

About Apollo Silver Corp.

Apollo is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite credits – a critical mineral essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroyPresident and CEO

For further information, please contact:

Email: info@apollosilver.com Telephone: +1 (604) 428-6128

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

This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation he expected benefits of the Strachan Option Extension; the timing, scope, and success of planned exploration activities, including at the Waterloo Project; the potential for silver, gold, and barite mineralization; the contributions of newly appointed personnel and advisors to the advancement of Calico; and the Company’s ability to advance, develop, and permit the Calico Project. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and Ba; the demand for silver, gold and Ba; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in 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 forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why Investors Should Pay Attention to This Value Stock

Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.

Freeport-McMoRan (FCX)

Based in Phoenix, AZ, Freeport-McMoRan Inc., formerly Freeport-McMoRan Copper & Gold Inc., is engaged in mineral exploration and development; mining and milling of copper, gold, molybdenum and silver; as well as the smelting and refining of copper concentrates. The company conducts its operations primarily through its principal operating subsidiaries, PT Freeport Indonesia (PT-FI), Freeport Minerals Corporation and Atlantic Copper. PT Freeport Indonesia’s principal asset is Papua, Indonesia-based Grasberg mine, which contains the world’s largest copper and gold reserves.

FCX boasts a Value Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Freeport-McMoRan are trading at a forward earnings multiple of 24.2X , as well as a PEG Ratio of 0.8, a Price/Cash Flow ratio of 13.9X, and a Price/Sales ratio of 2.4X.

Value investors don't just pay attention to a company's valuation ratios; positive earnings play a crucial role, too. Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased $0.1 to $1.75. FCX has an average earnings surprise of 10.4%.

FCX should be on investors' short list because of its impressive earnings and valuation fundamentals, a good Zacks Rank, and strong Value and VGM Style Scores.

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

Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

(Reuters) -BHP, the world's largest miner, is leading a global consortium of steelmakers to explore carbon capture, utilisation and storage (CCUS) opportunities across Asia, project manager Hatch said on Monday.

The group, comprising ArcelorMittal Nippon Steel India, JSW Steel, Hyundai Steel, Chevron Corp and Mitsui & Co, will assess the deployment of CCUS in "hard-to-abate" sectors, such as steelmaking.

The one-year pre-feasibility study will focus on the potential to develop large-scale projects in Asia, which could repurpose or store captured carbon dioxide.

While carbon capture technologies are relatively mature, they face cost and regulatory hurdles in many Asian markets.

The consortium will evaluate how shared infra can cut costs, aggregate sufficient volumes of carbon dioxide for storage or reuse and distribute risks across companies.

"By leveraging shared knowledge and resources with our partners, we are investing in support for innovative solutions, like the potential of CCUS, that we see as an essential part of decarbonising hard-to-abate sectors such as steelmaking," said Ben Ellis, BHP's vice president of marketing sustainability.

The study is expected to conclude at the end of 2026, with findings to be made public.

(Reporting by Shivangi Lahiri in Bengaluru; Editing by Sumana Nandy)

Pan American Silver Corp. (NYSE:PAAS) is one of the most undervalued Canadian stocks to buy now. On August 6, Pan American Silver Corp. announced the immediate appointment of Pablo Marcet to its Board of Directors. The appointment is part of the company’s board renewal strategy and commitment to governance and operational excellence.

Mr. Marcet brings over 35 years of international experience in the mining industry, with a focus on exploration, development, and operations across the Americas and Africa. His expertise includes geology, environmental management, mine operations, stakeholder engagement, and mergers and acquisitions.

Pan American Silver Appoints Mining Veteran Pablo Marcet to Board of Directors

He has held senior leadership positions at companies such as Orosur Mining, Waymar Resources, Northern Orion Resources, and spent 15 years at BHP, with a primary focus on Latin America. Mr. Marcet is currently the Executive Director of Piche Resources and the founder and President of Geo Logic, which is a mining consultancy firm.

Pan American Silver Corp. (NYSE:PAAS) explores, mines, develops, extracts, processes, and refines mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. It explores for silver, gold, zinc, lead, and copper deposits.

While we acknowledge the potential of PAAS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Disclosure: None. This article is originally published at Insider Monkey.

By Lucila Sigal

SAN JUAN (Reuters) -Argentina holds rich copper deposits in the mountainous north along the Chilean border, but, unlike its mining powerhouse neighbor, has not built power lines and roads needed for new projects backed by miners such as BHP and Rio Tinto.

President Javier Milei's austerity campaign to clamp down on inflation and debt means the South American country is up against bigger challenges than most countries to build the infrastructure needed by mines worldwide.

Unconventional ideas, such as sharing infrastructure between miners or paying for it with royalties, will likely be part of the solution.

"The government said it won't provide any funding, but that doesn't mean it isn't responsible for getting things done," said Roberto Cacciola, president of Argentina's mining chamber, who is urging authorities to step up efforts to ensure infrastructure gets built.

Argentina exports gold, silver, and lithium but has not produced copper since 2018.

Milei's administration, as well as governors who control local development, are banking on copper to help stabilize the country's volatile economy, just as mining companies worldwide seek to boost output to cover a looming supply gap for the metal widely used in construction and electric vehicles.

A federal official said the government is assessing infrastructure needs nationwide and identifying ways the private sector could play a role.

Eight copper projects in Argentina could bring total mining export value to $15.4 billion by 2030, according to a government forecast.

That would more than triple last year's figure and make the sector one of the country's largest net foreign exchange earners. Copper projects alone could reel in $5.2 billion by 2030, if they reach the government's projection of producing 521,000 metric tons a year.

The copper projects are concentrated in the northern province of San Juan, which some call the "Vaca Muerta of copper," an allusion to Argentina's shale oil and gas field the size of Belgium.

San Juan enacted a compensation program in 2022 that could help get infrastructure built. It allows mining companies that develop road or energy infrastructure to be repaid with mining royalties if provincial legislators deem the project a "public utility." Miners normally pay royalties to governments.

The Vicuna project, from global miner BHP and Canada's Lundin, hopes to use the provision, said Vicuna's Argentina director Jose Morea.

"That speeds up investments that the private sector is currently in a position to make … which the provincial government would probably have to defer otherwise," he said in an interview.

Vicuna consists of two mines, Filo del Sol and the more advanced Josemaria, which could become one of the region's first projects to start production. The $5-billion mine will need a 220-kilometer (137-mile) road – a distance of about two or three hours by car – to reach operations at an altitude of 4,200 meters (13,780 feet) in the Andes Mountains.

It will also require a high-voltage power transmission line at a scale that could support a large city.

SHARING INFRASTRUCTURE

Some miners are exploring other ways to reduce costs. McEwen Mining's Los Azules is looking at sharing infrastructure with nearby projects and has consulted the Inter-American Development Bank about infrastructure loans.

Some business leaders want the government to turn over more projects, such as railways and road maintenance, to the private sector through public tenders or public-private partnerships, said Nicolas Munoz, a copper supply analyst at consultancy CRU.

"It's feasible to think that private companies will assume these costs and see a business opportunity," Munoz said.

There are already signs of interest from the mining sector, such as global miner Rio Tinto, which recently took over U.S.-based Arcadium's lithium mines in Argentina and is developing another of its own in the country.

According to a public register of lobbyist meetings, Rio held a meeting with Argentina's mining secretary in June after expressing interest in bidding for the state's Belgrano Cargas railway, which the government said in February it would privatize.

Rio Tinto did not have an immediate comment.

Rio Tinto is also backing McEwen's Los Azules and Aldebaran's Altar copper projects through shares owned by its leaching technology arm, Nuton.

Some governors are still looking to the federal government to take part of the burden. Governor Gustavo Saenz of Salta, where Canada's First Quantum Minerals wants to develop the Taca Taca copper mine, said aqueducts, roads, and gas pipelines will pay off.

"We need them to give us … everything necessary so that those who want to come and invest can do so," he said this week at the Argentina Copper 2025 conference in San Juan.

(Reporting by Lucila Sigal, Writing by Daina Beth Solomon, Editing by Rod Nickel)

Energy stocks were mixed late Thursday afternoon, with the NYSE Energy Sector Index down 0.1% and th

(Reuters) -Global miners BHP Group and Vale have offered around $1.4 billion to settle a class action lawsuit in the United Kingdom tied to one of Brazil's worst-ever environmental disasters, the Financial Times reported on Thursday.

The lawsuit stems from the collapse in 2015 of the Mariana dam in southeastern Brazil, owned and operated by the Samarco joint venture of BHP and Vale. The disaster prompted legal action from hundreds of thousands of people.

BHP is currently facing a London lawsuit that claimants' lawyers have valued at up to 36 billion pounds ($48.29 billion).

The proposed settlement includes around $800 million in compensation for victims and $600 million to cover legal costs associated with the High Court proceedings, the report said, citing people familiar with the matter.

The offer was reportedly made during a June meeting in New York with Pogust Goodhead, the British law firm representing the claimants, and their primary financial backer, U.S. hedge fund Gramercy, the report said.

BHP and Vale did not immediately respond to Reuters' requests for comment.

In October last year, BHP described allegations that a focus on profit over safety contributed to the disaster as "far-fetched and unjustified".

($1 = 0.7454 pounds)

(Reporting by Rishav Chatterjee in Bengaluru; Editing by Mohammed Safi Shamsi)

Freeport-McMoRan Inc.’s FCX second-quarter 2025 results show increases in sales volumes. Its copper sales volumes increased around 9% year over year, reaching 1,016 million pounds, primarily driven by shipment timing. The company sold 522,000 ounces of gold, reflecting around 45% year-over-year growth. FCX also sold 22 million pounds of molybdenum, up about 4.8% from the year-ago quarter.Freeport has provided a tepid copper sales volume outlook for the third quarter, which suggests flat to modestly lower volumes on a sequential basis. FCX expects copper sales volumes of 990 million pounds, indicating a 4% year-over-year decline. It has also provided a weaker gold and molybdenum sales volumes guidance of 350,000 ounces and 18 million pounds, respectively, reflecting sequential and year-over-year declines. The lack of growth in volumes may impact the company’s performance. Sales volume growth underpins Freeport’s ability to leverage higher copper and gold prices, maintain margin expansion and deliver on targets for 2025. Despite gains in realized prices, volume growth would be critical to sustain revenues and margins in the coming quarters.

Among FCX’s peers, Southern Copper Corporation SCCO logged lower copper sales volumes in the second quarter, which weighed on its top line. Southern Copper sold 224,063 tons of copper in the quarter, declining 3% year over year. Southern Copper, however, saw higher molybdenum sales volumes, which rose 2.7% year over year. BHP Group Limited BHP saw higher year-over-year copper sales in the fourth quarter of fiscal 2025 (ended June 30, 2025). BHP Group’s copper sales for the quarter rose roughly 1% to 526 kt. This led BHP Group’s total copper sales to 2,053.3 kt for fiscal 2025, which marks a 14% year-over-year growth.

The Zacks Rundown for FCX

Shares of Freeport-McMoRan are up 4.7% year to date against the Zacks Mining – Non Ferrous industry’s decline of 1.1%.

Zacks Investment Research

Image Source: Zacks Investment Research

From a valuation standpoint, FCX is currently trading at a forward 12-month earnings multiple of 18.9, a modest 1% premium to the industry average of 18.69X. It carries a Value Score of A.

Zacks Investment Research

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for FCX’s 2025 and 2026 earnings implies a year-over-year rise of 20.3% and 31.9%, respectively. The EPS estimates for 2025 and 2026 have been trending higher over the past 60 days.

Zacks Investment Research

Image Source: Zacks Investment Research

FCX stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

BHP Group Limited Sponsored ADR (BHP) : Free Stock Analysis Report

Southern Copper Corporation (SCCO) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

MELBOURNE (Reuters) -Rio Tinto joined peer BHP on Thursday to play down Australia's prospects of building out a "green iron" sector that would help decarbonise the steel industry because the country lacks the economic incentives to do so.

Australia is the world's largest supplier of seaborne iron ore and has been striving to build a role as a reliable source of green metals. In February the government allocated A$1 billion ($652.4 million) to support the manufacture of green iron and its supply chains.

Since Australia's iron ore is mostly too low-grade to be directly processed into steel with renewable energy, it needs an additional processing step. When this is undertaken with hydrogen made from renewable energy instead of coal, the product is called hydrogen direct reduced iron (DRI) or "green iron", a low-carbon base for making green steel.

"Today I don't believe there is an economic incentive for anybody to move to a hydrogen DRI," Rio Tinto's chief technical officer Mark Davies said.

The technology was unproven, and there were complications moving from existing processes using natural gas to hydrogen, he told a business lunch in Melbourne.

"And doing it in Australia is expensive. It's an expensive place to build stuff," he said.

Major miner BHP said last month it was too costly for Australia to build a "green iron" industry, even after the country and China agreed to jointly work to decarbonise the steel supply chain, responsible for nearly a 10th of global emissions.

A global carbon price of "a couple of hundred dollars" would be needed to create that incentive, Davies later told a press briefing.

($1 = 1.5328 Australian dollars)

(Reporting by Melanie Burton;Editing by Alison Williams)

By Melanie Burton

MELBOURNE (Reuters) -So far this earnings season, large miners are paying out their lowest dividends in years, as mineral prices slip and they need to retain cash for their massive development projects, while trying to keep a lid on costs.

Rio Tinto, Anglo American and Glencore have all reported lower half year earnings, with BHP expected to continue the trend when it reports on August 19.

After years of strong China-driven profits backed by COVID-19- and Russia-linked supply snags, they are now operating against a backdrop of lower profits, high capital spending plans, or a full-scale restructuring in the case of Anglo American.

That is capping what the miners are willing to return to shareholders, analysts and fund managers said.

Prices of key commodities iron ore and coal have dropped around 13% since the start of the year. Miners are instead doubling down on projects for copper, which is up 8% this year on expected energy transition demand, but it still remains too small a part of their portfolios to offset losses elsewhere.

Many of the large diversified miners are in the most capital intensive stage of development they have been in for a long time, and that is unlikely to change in the near term, said Brenton Saunders, a portfolio manager at Pendal Group in Sydney.

“In the absence of a move higher in commodity prices, payouts are likely going to stay relatively depressed,” Saunders added.

Growth projects by the majors include BHP's Jansen potash mine in Canada where it will spend up to $7.4 billion for the first stage of development, from a previous estimate of $5.7 billion, it said last month.

Rio Tinto expects to spend more than $13 billion on iron ore mines to replace depleted ones in Western Australia in the next three years alone. Anglo is busy selling off its coal and diamond divisions while Glencore has been hit by low prices for its key commodity coal.

Glencore on Wednesday reported a 14% drop in first-half earnings due to weaker coal prices and lower copper production, and an increase in net debt. The company kept its dividend unchanged and did not announce further share buybacks.

It said would it maintain its base dividend of $0.05 per share, equal to the previous half-year period, which was its lowest since 2021.

Rio Tinto last week reported its smallest first-half underlying profit since 2020 and lowest interim dividend in seven years, given the drop in iron ore prices and rising costs at its Australian business.

Anglo American reported a $1.9 billion loss in the first half of 2025, reduced its dividend to the lowest in at least five years, and said restructuring efforts continued.

Analysts expect BHP will set its full-year payout at $1.02, which would be the lowest in eight years.

(Reporting by Melanie Burton. Additional reporting by Pratima Desai in London and Rajasik Mukherjee in Bengaluru; Editing by Christian Schmollinger)

Piedmont Lithium Inc. – Sponsored ADR (PLL) came out with a quarterly loss of $0.44 per share versus the Zacks Consensus Estimate of a loss of $0.36. This compares to a loss of $0.69 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -22.22%. A quarter ago, it was expected that this company would post a loss of $0.5 per share when it actually produced a loss of $0.71, delivering a surprise of -42%.

Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

Piedmont Lithium Inc. – Sponsored ADR, which belongs to the Zacks Mining – Miscellaneous industry, posted revenues of $11.86 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.93%. This compares to year-ago revenues of $13.23 million. The company has topped consensus revenue estimates two times 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.

Piedmont Lithium Inc. – Sponsored ADR shares have lost about 4% since the beginning of the year versus the S&P 500's gain of 7.9%.

What's Next for Piedmont Lithium Inc. – Sponsored ADR?

While Piedmont Lithium Inc. – Sponsored ADR has underperformed 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 Piedmont Lithium Inc. – Sponsored ADR was 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 #2 (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 the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.38 on $34 million in revenues for the coming quarter and -$1.68 on $103.2 million 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 bottom 29% 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.

Compass Minerals (CMP), another stock in the broader Zacks Basic Materials sector, has yet to report results for the quarter ended June 2025. The results are expected to be released on August 11.

This minerals producer is expected to post quarterly loss of $0.13 per share in its upcoming report, which represents a year-over-year change of +87.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Compass Minerals' revenues are expected to be $208.57 million, up 2.8% from the year-ago quarter.

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Company Logo

Driving factors in the copper market include rising construction, renewable energy, and electric vehicle demand in emerging economies. Asia Pacific leads, with major investments in infrastructure and electronics.

Dublin, Aug. 06, 2025 (GLOBE NEWSWIRE) — The "Copper Market Size, Share & Trends Analysis Report By Type (Primary Copper, Secondary Copper), By Product (Wire, Tube, Foil), By End Use (Industrial Equipment, Transport, Infrastructure), By Region, And Segment Forecasts, 2025 – 2030" report has been added to ResearchAndMarkets.com's offering.The global copper market size is anticipated to reach USD 339.95 billion by 2030 and is projected to grow at a CAGR of 6.5% from 2025 to 2030.

Copper is essential in the construction sector due to its excellent conductivity, corrosion resistance, and durability. It is extensively used in wiring, plumbing, roofing, and heating systems. As emerging economies like India, Vietnam, and several African nations continue to invest heavily in smart cities, transportation networks, and modern housing, the demand for copper in residential and commercial construction is expected to grow substantially over the coming years.Another major driver is the transition toward renewable energy and electrification. Solar and wind power installations require large quantities of copper for turbines, photovoltaic cells, inverters, and power grid connections. According to the International Energy Agency (IEA), renewable energy investments reached record levels in 2024, particularly in Asia Pacific, Europe, and North America. Moreover, developing smart grids and battery storage systems-critical for integrating intermittent renewable sources-heavily depend on copper wiring and components. This energy shift is fundamentally altering copper consumption patterns globally.The rise of electric vehicles (EVs) and supporting infrastructure is another powerful growth catalyst. EVs use up to four times more copper than traditional internal combustion engine vehicles, particularly in batteries, electric motors, wiring harnesses, and thermal management systems. Charging stations, which are expanding rapidly in Europe, the U.S., and China, also rely on copper for energy transmission. As governments introduce stricter emission norms and incentives to boost EV adoption, the automotive industry's copper demand is projected to increase exponentially through 2030 and beyond.Technological advancements in electronics and communication also contribute significantly to copper industry growth. Copper is vital in printed circuit boards, connectors, semiconductors, and high-frequency data cables used in smartphones, data centers, IoT devices, and 5G infrastructure. As the global economy becomes increasingly digital, the proliferation of electronic devices and cloud computing continues to fuel the demand for high-purity copper products. This segment is particularly strong in East Asia, where consumer electronics manufacturing is concentrated.Moreover, the increased focus on sustainability and circular economy practices has increased interest in copper recycling. Recycled or secondary copper requires far less energy to produce and reduces the environmental impact of mining. As industries prioritize carbon neutrality and material efficiency, recycling copper from scrap metal, obsolete electronics, and decommissioned infrastructure are expected to rise. This supports demand and enhances supply chain resilience amid fluctuating ore grades and geopolitical uncertainties. These factors create a strong long-term growth outlook for the global copper industry.Copper Market Report Highlight

Based on type, the primary copper segment led the market with the largest revenue market share of 84.8% in 2024, due to its high purity, widespread availability from large-scale mining operations, and critical application in industries requiring superior conductivity, such as electrical infrastructure, automotive, and renewable energy systems.
The wire segment led the market with the largest revenue share of 61.7% in 2024, driven by the extensive use of copper wire in power transmission, residential and commercial electrical systems, electronics, and the rapidly expanding electric vehicle and renewable energy sectors that require efficient and reliable conductivity solutions.
Based on end use, the infrastructure segment is anticipated to register at the fastest CAGR of 7.0% over the forecast period, due to increasing global investments in smart grids, transportation networks, renewable energy integration, and urban development projects, all of which require significant copper inputs for electrical systems, communication lines, and energy distribution frameworks.
Asia Pacific dominated the market with the largest revenue share of 74.7% in 2024, due to the presence of major copper-consuming economies like China and India, rapid industrialization, large-scale infrastructure development, and the region's leadership in electronics manufacturing, renewable energy installations, and electric vehicle production.

Why should you buy this report?

Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
Competitive Landscape: Explore the market presence of key players worldwide.
Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.

Key Topics Covered: Chapter 1. Methodology and ScopeChapter 2. Executive Summary 2.1. Market Outlook2.2. Segmental Outlook2.3. Competitive OutlookChapter 3. Market Variables, Trends, and Scope 3.1. Global Copper Market Outlook3.2. Industry Value Chain Analysis3.3. Technology Overview3.4. Regulatory Framework3.5. Market Dynamics3.6. Industry Trends3.7. Porter's Five Forces Analysis3.8. PESTLE AnalysisChapter 4. Copper Market: Type Estimates & Trend Analysis 4.1. Copper Market: Type Movement Analysis, 2024 & 20304.2. Primary Copper4.3. Secondary CopperChapter 5. Copper Market: Product Estimates & Trend Analysis 5.1. Copper Market: Product Movement Analysis, 2024 & 20305.2. Wire5.3. Rods, Bars & Sections5.4. Flat Rolled Products5.5. Tube5.6. FoilChapter 6. Copper Market: End Use Estimates & Trend Analysis 6.1. Copper Market: End Use Movement Analysis, 2024 & 20306.2. Industrial Equipment6.3. Transport6.4. Infrastructure6.5. Building & Construction6.6. Consumer & General Products6.7. OthersChapter 7. Copper Market: Regional Estimates & Trend Analysis 7.1. Regional Analysis, 2024 & 2030Chapter 8. Competitive Landscape 8.1. Recent Developments & Impact Analysis, By Key Market Participants8.2. Company Categorization8.3. Heat Map Analysis8.4. Vendor Landscape8.5. List of prospective end-users8.6. Strategy Initiatives8.7. Company Profiles

AngloAmerican
Antofagasta
Aurubis
BHP
Codelco
Freeport-McMoRan
Glencore
GRUPO MEXICO
Jiangxi Copper Corporation
KGHM
Rio Tinto
Teck Resources Limited

For more information about this report visit https://www.researchandmarkets.com/r/hpa2wg

About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

By Lucila Sigal

SAN JUAN, Argentina (Reuters) -BHP and Lundin plan to soon apply for a new Argentine investment incentives scheme for their Vicuna copper project, but other miners fear they may get left out before the program's cut-off date a year from now, executives said at a mining conference this week.

Argentina's Large Investment Incentive Regime, or RIGI, which went into effect in October under President Javier Milei, offers lengthy tax breaks and access to international dispute courts for investments exceeding $200 million. It will be in place through July 2026 with a possible one-year extension.

Mining companies celebrated the measure as much-needed assurance to move ahead with copper projects in a volatile economy with restrictive capital controls, giving the sector its first big boost in decades.

Jose Morea, who leads BHP and Lundin's Vicuna project, said the two companies plan to announce the project's expected investment early next year.

Speaking on Tuesday at the Argentina Copper 2025 conference in San Juan province, where most of Argentina's copper projects are concentrated, Morea said Vicuna would file an application in the "short term" for some of the investment to receive benefits under RIGI.

But other copper projects are in the early exploration stages, such as Aldebaran Resources' Altar, and are not ready to start heavy spending that could qualify for RIGI. Altar aims to present a preliminary economic assessment in September, said Javier Roberto, the head of Altar in Argentina.

"How do we manage projects that are a bit behind and face a closing RIGI window — even assuming the national executive grants an extension and we reach June 2027?" Roberto said.

Only two mining projects have received RIGI benefits so far, both in lithium. Only one copper project, McEwen Mining's Los Azules, has applied for the program.

Executives pointed to the uncertainty around Argentina's glacier preservation law as another potential investment obstacle because they said much of the legislation is open to interpretation.

"We need a decree that tells us exactly what's allowed, what's not, and what must be preserved," Roberto said.

(Reporting by Lucila Sigal; Writing by Daina Beth Solomon; Editing by Leslie Adler)

Innospec (IOSP) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.39 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +7.69%. A quarter ago, it was expected that this specialty chemicals company would post earnings of $1.4 per share when it actually produced earnings of $1.42, delivering a surprise of +1.43%.

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

Innospec, which belongs to the Zacks Chemical – Diversified industry, posted revenues of $439.7 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.78%. This compares to year-ago revenues of $435 million. The company has topped consensus revenue estimates three times 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.

Innospec shares have lost about 27.9% since the beginning of the year versus the S&P 500's gain of 7.6%.

What's Next for Innospec?

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

Ahead of this earnings release, the estimate revisions trend for Innospec was unfavorable. 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 #4 (Sell) for the stock. So, the shares are expected to underperform 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 the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.28 on $452.1 million in revenues for the coming quarter and $5.47 on $1.82 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, Chemical – Diversified is currently in the bottom 7% 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.

One other stock from the same industry, Compass Minerals (CMP), is yet to report results for the quarter ended June 2025. The results are expected to be released on August 11.

Compass Minerals' revenues are expected to be $208.57 million, up 2.8% from the year-ago quarter.

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(Updates with BHP Group’s response in fourth and fifth paragraphs.) BHP Group (BHP) and Vale (VAL

The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Compass Minerals (CMP) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Basic Materials peers, we might be able to answer that question.

Compass Minerals is a member of the Basic Materials sector. This group includes 238 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Compass Minerals is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for CMP's full-year earnings has moved 25% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Our latest available data shows that CMP has returned about 77.2% since the start of the calendar year. At the same time, Basic Materials stocks have gained an average of 8.8%. As we can see, Compass Minerals is performing better than its sector in the calendar year.

Posco (PKX) is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 26%.

Over the past three months, Posco's consensus EPS estimate for the current year has increased 2.9%. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Compass Minerals belongs to the Chemical – Diversified industry, a group that includes 29 individual companies and currently sits at #235 in the Zacks Industry Rank. On average, stocks in this group have lost 16.8% this year, meaning that CMP is performing better in terms of year-to-date returns.

On the other hand, Posco belongs to the Steel – Producers industry. This 19-stock industry is currently ranked #208. The industry has moved +18.4% year to date.

Compass Minerals and Posco could continue their solid performance, so investors interested in Basic Materials stocks should continue to pay close attention to these stocks.

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Mining giants Rio Tinto and BHP were among the plays that fell hard in Wednesday’s stock market, pulled lower as copper prices plummeted after President Donald Trump signed a proclamation ordering tariffs on copper imports, citing national security concerns. U.S. copper prices continued to slide Thursday. The White House announced Wednesday they will impose universal 50% tariffs on semifinished copper products and copper-intensive derivative products.

By Sam Tobin

LONDON (Reuters) -BHP and Vale are facing a London lawsuit from the law firm representing hundreds of thousands of people over Brazil's worst environmental disaster, alleging the companies sought to cheat the firm out of legal fees by procuring settlements.

BHP said it rejected the allegations "in their entirety" and would contest them. Vale declined to comment.

Pogust Goodhead, which represents the claimants in an ongoing case against BHP over the 2015 collapse of the Fundao dam in Mariana, southeastern Brazil, says it will seek 1.3 billion pounds ($1.7 billion) for unpaid fees.

The firm was representing more than 600,000 Brazilians in the case at London's High Court. A June presentation by BHP and Vale's Samarco joint venture – which owned and operated the dam – said around 130,000 people had settled.

In a legal letter sent on Pogust Goodhead's behalf, lawyers representing the firm allege BHP, Vale and Samarco pressured claimants to "settle their claims at far below their true value".

Pogust Goodhead also alleges that a 170 billion-reais ($30.3 billion) compensation agreement which Brazil signed with BHP, Vale and Samarco in October 2024 prevented claimants from discussing the deal with the firm or paying its legal fees.

The firm says it has also incurred an extra $1 billion in borrowing costs to finance the English case over the dam's collapse.

BHP DENIES ALLEGATIONS

"We reject Pogust Goodhead's claims and allegations in their entirety and dispute their factual and legal basis," a BHP spokesperson said in a statement.

"These allegations and threatened claims are entirely without merit and BHP rejects and will vigorously contest them."

The BHP spokesperson pointed to last year's compensation deal, saying: "We continue to believe Brazil is the most appropriate, effective, and efficient place for compensation for the Fundao dam failure from Samarco to be delivered."

Pogust Goodhead's threat of legal action – in a so-called "letter before action" that is required as part of the process – is the latest development in the litigation, after the High Court last month ruled BHP should face a full contempt of court hearing for funding parallel litigation in Brazil.

BHP, meanwhile, still awaits judgment following a trial of the underlying lawsuit over the dam collapse, in which Pogust Goodhead said it was seeking damages of up to 36 billion pounds.

When the dam burst in 2015, it unleashed a wave of toxic sludge that killed 19 people, left thousands homeless, flooded forests and polluted the length of the Doce River.

The trial began in October and finished in March. BHP denies liability and says the case duplicates legal proceedings and reparation and repair programs in Brazil.

(Reporting by Sam Tobin. Additional reporting by Clara Denina. Editing by Mark Potter)

By Clara Denina and Nqobile Dludla

LONDON (Reuters) -Global miner Anglo American (AAL.L) on Thursday reported a $1.9 billion loss in the first half, reduced its dividend, and said restructuring efforts continued, including divestment of its coal and ailing diamond units.

The London-listed miner has been selling or spinning off non-core assets to focus on copper and iron ore since bigger rival BHP's (BHP.L) failed attempt to take it over last year.

Anglo demerged its platinum business in May and on Thursday said its nickel and steelmaking coal assets were discontinued operations, with their sale agreed but not yet completed.

The company declared an interim dividend of $0.07 per share, down from $0.42 a year earlier, reflecting negative earnings at the platinum and coal divisions, and no contribution from diamond unit De Beers.

It posted a $1.9 billion loss for the first half, about triple its $672 million loss in the same period a year ago.

Core earnings or EBITDA of $3 billion for its copper, iron ore and De Beers businesses was above the $2.9 billion expected by analysts.

Anglo American, which expects copper to make up more than 60% of EBITDA post-restructuring, joined rival diversified miners Rio Tinto and BHP in reporting lower results, partly as global trade tensions have weighed on prices of most industrial metals this year.

CEO Duncan Wanblad said he expects "some material inflationary increases in the cost of goods over time," adding that the direct impact of rising tariffs for Anglo was limited.

Anglo's shares were down 4.6% in mid-morning trading.

DE BEERS

Wanblad said a formal process for the sale of De Beers, although complicated by a slump in global diamond prices, was advancing, with the second round of bids from interested buyers expected in the next month.

De Beers's spin-off and eventual listing is the other option for Anglo American, which values it at $4.9 billion after recording $3.5 billion in impairments over the past two years.

"A trade sale would be the preferred option, but the trade sale has to happen to the right group of buyers… work is carrying on in parallel in terms of setting up the business for an IPO at the right time," Wanblad said on Thursday.

Net debt stood at $10.8 billion, below analysts' consensus estimate of $11.6 billion. Anglo expects this to come down once it starts to receive the proceeds from the nickel and coal asset sales and the 19.9% it still holds in the platinum business Valterra (VALT.L), formerly Amplats.

Wanblad did not give details about the timing of the sale of its remaining stake in Valterra, valued at $2.6 billion.

Despite a production halt caused by a fire at one of the mines included in the $3.78 billion sale to Peabody Energy in April, the miner still expects the transaction to be finalized.

Peabody in May issued a Material Adverse Change (MAC) notice to Anglo American, arguing the fire and closure of the mine were a significant negative development that potentially allowed the buyer to terminate the agreement.

"It's really down to Peabody to decide what they intend to do with that now," Wanblad said.

Analysts at Jefferies said that while an arbitration process would be a negative for both companies, a "revised negotiated deal that may include contingent deferred payments relating to a Moranbah restart is possible."

(Reporting by Clara Denina and Nqobile Dludla; Editing by Jon Boyle and Bernadette Baum)

SSR Mining SSRM continues to face significant impact on operations, cash flows and financial condition following the suspension of operations at its Çöpler mine in Türkiye. The mine’s operations have been suspended since Feb. 13, 2024, following a significant slip on the heap leach pad. SSRM has since been focusing on remediation and care and maintenance activities.

Çöpler was a key contributor to SSRM’s output, producing 220,999 gold equivalent ounces in 2023 and accounting for 31% of its total gold production in the year. The company recorded gold production of 21,827 ounces from Çöpler in the first quarter of 2024. Consequently, contributions to revenues from Çöpler for 2024 dipped to 7%, down from 31% in 2023 and 2022.

SSR Mining continues to work closely with the relevant authorities to advance the restart of the Çöpler mine. While the company remains confident and committed to resuming operations, it is uncertain when it will materialize. Despite the lost output from Çöpler, SSRM projects gold production between 320,000 and 380,000 ounces in 2025 with contributions from Seabee, Marigold and CC&V, higher than the 275,013 ounces produced in 2024.

In the first quarter of 2025, remediation and reclamation spend totaled $5 million and care and maintenance costs totaled $35.8 million, including $20.6 million in cash care and maintenance costs. As of March 31, 2024, the company had estimated a preliminary cost range of $250-$300 million for future reclamation and remediation costs related to Çöpler, in addition to the approximately $22.5 million incurred during the first quarter of 2024. SSRM recorded reclamation and remediation costs of approximately $272.9 million during 2024 as a result of the Çöpler incident.

Leach pad failures, where the structures holding mining waste and solutions fail, or similar incidents like tailing dams collapsing, can significantly impact mining companies, leading to financial losses, operational shutdowns, environmental damage and reputational harm. These failures often result in costly cleanup efforts and lawsuits.

One of the most notable cases is the Brumadinho dam disaster, which occurred on Jan. 25, 2019, when a tailings dam at Vale S.A.’s VALE Córrego do Feijão iron ore mine collapsed.

Earlier in 2015, the collapse of the dam at the iron ore mine in 2015 owned by Samarco, a joint venture between Vale and BHP Group BHP, near the city of Mariana in southeastern Brazil, unleashed a wave of tailings and resulted in casualties. Both VALE and BHP have faced intense scrutiny. The companies have since committed billions toward remediation, including reparations, rebuilding communities and restoring ecosystems.

SSRM’s Price Performance, Valuation & Estimates

Year to date, SSRM shares have gained 73.2%, outpacing the industry's 16.1% growth. In comparison, the Basic Materials sector has risen 12.6%, while the S&P 500 has moved up 8%.

Zacks Investment Research

Image Source: Zacks Investment Research

SSR Mining is currently trading at a forward 12-month price-to-earnings multiple of 6.75X compared with the industry average of 14.86X.

Zacks Investment Research

Image Source: Zacks Investment Research

The consensus mark for 2025 earnings is pegged at $1.21 per share, indicating a year-over-year surge of 332%. The estimate for 2026 of $2.21 indicates an increase of 82.9%.

The Zacks Consensus Estimate for SSR Mining’s earnings for 2025 has moved up 11.01% over the past 60 days. The same for 2026 has moved up 18.2%.

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Image Source: Zacks Investment Research

SSRM stock currently carries a Zacks Rank #3 (Hold).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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BHP Group (BHP) and Vale (VALE) are facing a lawsuit in London filed by law firm Pogust Goodhead, wh

Boulder Housing Partners

BOULDER, Colo., July 31, 2025 (GLOBE NEWSWIRE) — Boulder Housing Partners (BHP) today announced it has been awarded $205,000 from the Colorado Department of Early Childhood (CDEC), administered through Parent Possible, to implement the Home Instruction for Parents of Preschool Youngsters (HIPPY) program. This evidence-based home visiting program is designed to empower parents as their children’s first and most important teachers, fostering early literacy and school readiness for families within BHP communities.

"Boulder Housing Partners is deeply committed to providing opportunities for our residents to thrive. The HIPPY program is a critical component of these efforts, specifically aimed at helping families flourish and strengthening our support for children aged 2-5," said Karin Stayton, director of Resident Services at Boulder Housing Partners. "This funding to bring HIPPY to our communities is a significant step forward in ensuring our youngest residents have a strong start. We are excited to offer this proven model that supports parents in fostering their children's educational journey right from the beginning, aligning perfectly with our mission to create vibrant and supportive communities."

Parent Possible is a Colorado-based non-profit organization dedicated to supporting parents and caregivers through high-quality, evidence-based home visiting programs. HIPPY is one of its flagship initiatives, with a demonstrated track record of improving child outcomes and strengthening families.

"BHP’s established presence and deep understanding of the families they serve make them an ideal partner,” said Brian Conly, executive director of Parent Possible. “Evidence shows investing in early childhood development through programs like HIPPY yields long-term benefits for children, families and entire communities. We look forward to seeing the positive impact this program will have in Boulder."

The HIPPY program at Boulder Housing Partners will begin serving 26 families this fall. While open to all BHP households, the program will focus on serving families the Bringing School Home program who live in BHP’s deeply affordable housing communities. Trained home visitors will work with participating families, providing weekly in-home sessions that include role-playing educational activities and providing books and materials. The program also offers group meetings, connecting parents with a network of support and additional community resources.

Key Benefits of the HIPPY Program:

Improved School Readiness: Children enter kindergarten better prepared with essential literacy, numeracy and social-emotional skills.
Empowered Parents: Parents gain confidence and skills as their child's primary educator.
Strengthened Parent-Child Relationships: The program encourages positive interaction and bonding through learning activities.
Increased Parental Involvement: HIPPY fosters greater engagement in children's education and community life.

Families interested in learning more about the HIPPY program and eligibility are encouraged to email "Bringing School Home" at BSH@boulderhousing.org.

About Boulder Housing Partners: Boulder Housing Partners (BHP) is the housing authority for the City of Boulder. BHP’s mission is to provide quality, affordable housing, inspire vibrant communities, and create the opportunity for change in people’s lives. BHP builds, owns, and manages a diverse portfolio of 2,000 housing options and provides supportive services to help residents achieve stability and self-sufficiency. Learn more at https://boulderhousing.org/

About Parent Possible: Parent Possible promotes and delivers high-quality, evidence-based home visiting services to ensure that all Colorado children, regardless of circumstance, are ready to succeed in school and in life. Parent Possible supports a network of partner organizations across the state to implement proven programs like HIPPY, fostering strong families and healthy child development. Learn more at https://parentpossible.org/hippy/

Contact:

Melissa SprinkleHawke Mediamsprinkle@hawkemedia.com

Brian Conly, Executive DirectorParent Possiblebrian@parentpossible.org

FMC (FMC) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +16.95%. A quarter ago, it was expected that this chemical producer would post earnings of $0.08 per share when it actually produced earnings of $0.18, delivering a surprise of +125%.

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

FMC, which belongs to the Zacks Agriculture – Operations industry, posted revenues of $1.05 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 8.82%. This compares to year-ago revenues of $1.04 billion. The company has topped consensus revenue estimates three times 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.

FMC shares have lost about 13.5% since the beginning of the year versus the S&P 500's gain of 8.3%.

What's Next for FMC?

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

Ahead of this earnings release, the estimate revisions trend for FMC was mixed. 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 #3 (Hold) for the stock. So, the shares are expected to perform in line with 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 the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.90 on $1.09 billion in revenues for the coming quarter and $3.34 on $4.17 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, Agriculture – Operations is currently in the bottom 13% 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, Alico (ALCO), has yet to report results for the quarter ended June 2025.

This agribusiness and land management company is expected to post quarterly loss of $0.35 per share in its upcoming report, which represents a year-over-year change of -29.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Alico's revenues are expected to be $16.9 million, up 24.2% from the year-ago quarter.

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FMC Corporation (FMC) : Free Stock Analysis Report

Alico, Inc. (ALCO) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

OVERLAND PARK, Kan., July 29, 2025–(BUSINESS WIRE)–Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, will release its third-quarter fiscal 2025 results Monday, Aug. 11, 2025, after the markets close. The company’s president and CEO, Edward C. Dowling Jr., and CFO, Peter Fjellman, will discuss these results on a conference call on Tuesday, Aug. 12, 2025, at 9:30 a.m. ET.

Access to the conference call will be available via webcast at investors.compassminerals.com or by dialing 1-800-715-9871. Callers must provide the conference ID number 7896827. Outside of the U.S. and Canada, callers may dial 1-646-307-1963. An audio replay of the conference call will be available on the company’s website.

About Compass Minerals

Compass Minerals (NYSE: CMP) is a leading global provider of essential minerals focused on safely delivering where and when it matters to help solve nature’s challenges for customers and communities. The company’s salt products help keep roadways safe during winter weather and are used in numerous other consumer, industrial, chemical and agricultural applications. Its plant nutrition products help improve the quality and yield of crops while supporting sustainable agriculture. Compass Minerals operates 12 production and packaging facilities with more than 1,800 employees throughout the U.S., Canada and the U.K. Visit compassminerals.com for more information about the company and its products.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250729233257/en/

Contacts

Investor Contact Brent CollinsVice President, Treasurer & Investor Relations+1.913.344.9111InvestorRelations@compassminerals.com

Media Contact Kevin GabrielSenior Director, Corporate Affairs+1.913.344.9265MediaRelations@compassminerals.com

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Why Investors Should Pay Attention to This Value Stock

Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.

Freeport-McMoRan (FCX)

FCX sits at a Zacks Rank #3 (Hold), holds a Value Style Score of B, and has a VGM Score of A. Compared to the Mining – Non Ferrous industry's P/E of 20.4X, shares of Freeport-McMoRan are trading at a forward P/E of 22.8X. FCX also has a PEG Ratio of 0.7, a Price/Cash Flow ratio of 12.5X, and a Price/Sales ratio of 2.2X.

Many value investors pay close attention to a company's earnings as well. For FCX, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $1.67 per share for 2025. Per share FCX boasts an average earnings surprise of 10.5%.

With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding FCX to their portfolios.

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Freeport-McMoRan Inc. (FCX) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

SANTIAGO (Reuters) – Chilean state-run copper miner Codelco said on Monday that it had reached an agreement with BHP for the multinational firm to explore the "Anillo" mining property.

BHP will spend up to $40 million to explore the area, Codelco said in a statement. BHP could form a tie-up with Codelco to mine there if there is evidence of a favorable business case, Codelco added.

(Reporting by Fabian Cambero; Editing by Brendan O'Boyle)

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