Norway just raised the stakes over deep sea mining
The Jan. 9 determination makes Norway the first country to formally authorize seabed mining activities in its waters.
Newcrest Mining (ASX: NCM) on Friday posted a 22.2% increase in annual profit, buoyed by robust gold and copper sales volumes from its flagship Cadia mine in New South Wales.
Australia’s biggest listed gold miner posted an underlying profit of $561 million for the full year ended June 30, compared with $459 million a year earlier.
The Melbourne-headquartered company declared a final dividend of 14.5 cents per share, up from 11 cents a year earlier.
(By Rashmi Ashok; Editing by Maju Samuel)
Comments