Transocean Ltd., the owner of the Deepwater Horizon rig that exploded while drilling in the U.S. Gulf of Mexico in 2010, reinstated dividend payments following pressure from billionaire shareholder Carl Icahn.
Barrick Gold Corp. is betting growth will come from Nevada, where the world’s largest producer scored its first big success three decades ago, after more than $9 billion in writedowns and cost overruns in the past two years on projects from the Andes to Zambia.
Charter costs for ships that carry iron ore are unlikely to rebound to levels that might stoke investor interest in companies’ shares as Chinese demand for the steelmaking raw material slows, said Dahlman Rose & Co.
Returns for the largest oil tankers on the industry’s busiest trade route, linking the Middle East and Asia, plunged the most this year as traders booked the ships they needed for January with vessels left to spare.
Charter rates for Capesize ships, the biggest iron-ore carriers, fell for a second day as a storm forced ports to close in Australia, disrupting supplies from the leading global exporter of the commodity.