Latest news with #DynoNobel
CTV News
02-08-2025
- CTV News
Forest fire smoke hampers search for missing Sudbury blueberry picker
An overnight search for a missing blueberry picker in Greater Sudbury ended happily around 7 a.m. July 31 when he was spotted walking along Kirkwood Mine Road. (File) An overnight search for a missing blueberry picker in Greater Sudbury ended happily around 7 a.m. July 31 when he was spotted walking along Kirkwood Mine Road. The search began just after 9 p.m. July 30, when police received a report that the 26-year-old man had gone blueberry picking in the area of Garson Lake Road but had not been seen since 9:30 p.m. Sudbury blueberries Blueberry picking is popular this time of year in Greater Sudbury. (File) 'Given the time of day, poor visibility due to wildfire smoke, dense bush conditions, and the fact that the individual did not have a cellphone or known direction of travel, officers deployed a remotely piloted aircraft system (a drone) to assist in the search,' police said in a social media post. The drone searched throughout the night, but failed to find the missing man. Then he was spotted around 7 a.m. the next morning. 'Employees of Dyno Nobel working at a mine site on Kirkwood Mine Road -- southwest of the man's last known location -- spotted the missing man walking along the mine road,' police said. 'He was in good health and was promptly escorted to police officers on scene. Thanks to the coordinated efforts of all involved, the 26-year-old man was safely reunited with his loved ones.' Safety tips The incident serves as a reminder to follow certain safety tips when going to pick blueberries or hiking in remote areas. Always tell someone your plan – where you're going, what direction your travelling and what time you expect to return. Try to stay within cellphone range, and leave your vehicle on the same side of the road as your picking area. A GPS is handy to have and police urge everyone to download the what3words app and learn how it works. 'It can help first responders pinpoint your exact location,' police said. 'Wear appropriate clothing and footwear for the terrain and weather. Carry a first aid kit and any necessary prescription medications. Pack water and snacks to stay hydrated and energized.' If you do get lost, stay where you are, police said. 'Remaining in place increases your chances of being found quickly,' the post said. 'Whether you're hiking, exploring, or picking berries, take the steps to make your outdoor adventure a safe one.'
CTV News
01-08-2025
- CTV News
Sudbury police use drone to search for missing blueberry picker
An overnight search for a missing blueberry picker in Greater Sudbury ended happily around 7 a.m. July 31 when he was spotted walking along Kirkwood Mine Road. (File) An overnight search for a missing blueberry picker in Greater Sudbury ended happily around 7 a.m. July 31 when he was spotted walking along Kirkwood Mine Road. The search began just after 9 p.m. July 30, when police received a report that the 26-year-old man had gone blueberry picking in the area of Garson Lake Road but had not been seen since 9:30 p.m. Sudbury blueberries Blueberry picking is popular this time of year in Greater Sudbury. (File) 'Given the time of day, poor visibility due to wildfire smoke, dense bush conditions, and the fact that the individual did not have a cellphone or known direction of travel, officers deployed a remotely piloted aircraft system (a drone) to assist in the search,' police said in a social media post. The drone searched throughout the night, but failed to find the missing man. Then he was spotted around 7 a.m. the next morning. 'Employees of Dyno Nobel working at a mine site on Kirkwood Mine Road -- southwest of the man's last known location -- spotted the missing man walking along the mine road,' police said. 'He was in good health and was promptly escorted to police officers on scene. Thanks to the coordinated efforts of all involved, the 26-year-old man was safely reunited with his loved ones.' Safety tips The incident serves as a reminder to follow certain safety tips when going to pick blueberries or hiking in remote areas. Always tell someone your plan – where you're going, what direction your travelling and what time you expect to return. Try to stay within cellphone range, and leave your vehicle on the same side of the road as your picking area. A GPS is handy to have and police urge everyone to download the what3words app and learn how it works. 'It can help first responders pinpoint your exact location,' police said. 'Wear appropriate clothing and footwear for the terrain and weather. Carry a first aid kit and any necessary prescription medications. Pack water and snacks to stay hydrated and energized.' If you do get lost, stay where you are, police said. 'Remaining in place increases your chances of being found quickly,' the post said. 'Whether you're hiking, exploring, or picking berries, take the steps to make your outdoor adventure a safe one.'
The Advertiser
31-07-2025
- Business
- The Advertiser
'Economic death spiral' fear over ailing copper smelter
The north Queensland economy is facing an "economic death spiral" and the loss of 17,000 jobs without an immediate government bailout for mining giant Glencore's copper operations, regional leaders have warned. A delegation, including members of Katter's Australian Party, is in Canberra lobbying the federal government for funding to allow Glencore's copper smelter at Mt Isa to remain open. Last week, Glencore told staff it was preparing to put the smelter and Townsville copper refinery into care and maintenance until market conditions improve. The Swiss company closed its underground copper mine at Mt Isa this week, costing almost 500 direct jobs. Mt Isa Mayor Peta MacRae said the end of the mine's 100-year history was "devastating in itself". "But to hear that our smelter could potentially be going into care and maintenance, along with the refinery in Townsville, would put our economic ecosystem into a death spiral," she said on Thursday. "Without our smelter, there's no sulfuric acid for the phosphate, and without that phosphate and fertiliser, you will not have the agricultural industry in Queensland." Five hundred jobs are also under threat at Dyno Nobel's Phosphate Hill operations near Mt Isa, with a strategic review under way because high gas prices have made fertiliser production increasingly uneconomical. Glencore predicts its smelter and the Townsville copper refinery will lose $2.2 billion over the next seven years, and a decision to close them could come as soon as September. It was "no overestimation" to say that this would cost 17,000 direct and indirect jobs, Ms MacRae said, putting Townsville at an unemployment rate of 18 per cent, "which is simply unacceptable". Townsville Enterprise chief executive Claudia Brumme-Smith said the Queensland delegation had a "big day" of meetings with industry and government on Thursday to try to secure immediate support. "We don't have a lot of time. It's five minutes to midnight, and we need a deal right now," she said. Federal MP Bob Katter said there would be retribution at the ballot box, if the government allowed Mt Isa to vanish without a trace. "North Queenslanders have an enviable record in completely destroying politicians who treat us like this. So if you think that's a threat, I absolutely promise you it's a threat." Glencore head of corporate affairs Cassandra McCarthy told the ABC "we're running out of time". "It's not just about Glencore, it's about supporting the other miners in the region as well. And that's why we think it's worthy that the government looks at a solution that supports a region, not just the smelter." The Queensland and federal governments have indicated they want to strike a deal to keep the smelter open, but discussions are still under way. Queensland Treasurer David Janetzki said the federal government had a significant role to play in the negotiations "and it will be a national disgrace if the federal government and Glencore are not at the table negotiating". "The federal government must be part of a short-term solution while they develop a long-term strategy," he said. Glencore smelter employee Cameron Gibson said the industry was "pretty close to my heart" because his father had worked at the Mt Isa operation for 33 years and he had been there for 32 years. "This is not about a company, it's not about politics, this is about saving a community, it's about saving rural and remote Australia," he said. "The royalties that the governments get out of places like Mt Isa … that will stop, and that will create a cash flow problem for the governments and all levels." The north Queensland economy is facing an "economic death spiral" and the loss of 17,000 jobs without an immediate government bailout for mining giant Glencore's copper operations, regional leaders have warned. A delegation, including members of Katter's Australian Party, is in Canberra lobbying the federal government for funding to allow Glencore's copper smelter at Mt Isa to remain open. Last week, Glencore told staff it was preparing to put the smelter and Townsville copper refinery into care and maintenance until market conditions improve. The Swiss company closed its underground copper mine at Mt Isa this week, costing almost 500 direct jobs. Mt Isa Mayor Peta MacRae said the end of the mine's 100-year history was "devastating in itself". "But to hear that our smelter could potentially be going into care and maintenance, along with the refinery in Townsville, would put our economic ecosystem into a death spiral," she said on Thursday. "Without our smelter, there's no sulfuric acid for the phosphate, and without that phosphate and fertiliser, you will not have the agricultural industry in Queensland." Five hundred jobs are also under threat at Dyno Nobel's Phosphate Hill operations near Mt Isa, with a strategic review under way because high gas prices have made fertiliser production increasingly uneconomical. Glencore predicts its smelter and the Townsville copper refinery will lose $2.2 billion over the next seven years, and a decision to close them could come as soon as September. It was "no overestimation" to say that this would cost 17,000 direct and indirect jobs, Ms MacRae said, putting Townsville at an unemployment rate of 18 per cent, "which is simply unacceptable". Townsville Enterprise chief executive Claudia Brumme-Smith said the Queensland delegation had a "big day" of meetings with industry and government on Thursday to try to secure immediate support. "We don't have a lot of time. It's five minutes to midnight, and we need a deal right now," she said. Federal MP Bob Katter said there would be retribution at the ballot box, if the government allowed Mt Isa to vanish without a trace. "North Queenslanders have an enviable record in completely destroying politicians who treat us like this. So if you think that's a threat, I absolutely promise you it's a threat." Glencore head of corporate affairs Cassandra McCarthy told the ABC "we're running out of time". "It's not just about Glencore, it's about supporting the other miners in the region as well. And that's why we think it's worthy that the government looks at a solution that supports a region, not just the smelter." The Queensland and federal governments have indicated they want to strike a deal to keep the smelter open, but discussions are still under way. Queensland Treasurer David Janetzki said the federal government had a significant role to play in the negotiations "and it will be a national disgrace if the federal government and Glencore are not at the table negotiating". "The federal government must be part of a short-term solution while they develop a long-term strategy," he said. Glencore smelter employee Cameron Gibson said the industry was "pretty close to my heart" because his father had worked at the Mt Isa operation for 33 years and he had been there for 32 years. "This is not about a company, it's not about politics, this is about saving a community, it's about saving rural and remote Australia," he said. "The royalties that the governments get out of places like Mt Isa … that will stop, and that will create a cash flow problem for the governments and all levels." The north Queensland economy is facing an "economic death spiral" and the loss of 17,000 jobs without an immediate government bailout for mining giant Glencore's copper operations, regional leaders have warned. A delegation, including members of Katter's Australian Party, is in Canberra lobbying the federal government for funding to allow Glencore's copper smelter at Mt Isa to remain open. Last week, Glencore told staff it was preparing to put the smelter and Townsville copper refinery into care and maintenance until market conditions improve. The Swiss company closed its underground copper mine at Mt Isa this week, costing almost 500 direct jobs. Mt Isa Mayor Peta MacRae said the end of the mine's 100-year history was "devastating in itself". "But to hear that our smelter could potentially be going into care and maintenance, along with the refinery in Townsville, would put our economic ecosystem into a death spiral," she said on Thursday. "Without our smelter, there's no sulfuric acid for the phosphate, and without that phosphate and fertiliser, you will not have the agricultural industry in Queensland." Five hundred jobs are also under threat at Dyno Nobel's Phosphate Hill operations near Mt Isa, with a strategic review under way because high gas prices have made fertiliser production increasingly uneconomical. Glencore predicts its smelter and the Townsville copper refinery will lose $2.2 billion over the next seven years, and a decision to close them could come as soon as September. It was "no overestimation" to say that this would cost 17,000 direct and indirect jobs, Ms MacRae said, putting Townsville at an unemployment rate of 18 per cent, "which is simply unacceptable". Townsville Enterprise chief executive Claudia Brumme-Smith said the Queensland delegation had a "big day" of meetings with industry and government on Thursday to try to secure immediate support. "We don't have a lot of time. It's five minutes to midnight, and we need a deal right now," she said. Federal MP Bob Katter said there would be retribution at the ballot box, if the government allowed Mt Isa to vanish without a trace. "North Queenslanders have an enviable record in completely destroying politicians who treat us like this. So if you think that's a threat, I absolutely promise you it's a threat." Glencore head of corporate affairs Cassandra McCarthy told the ABC "we're running out of time". "It's not just about Glencore, it's about supporting the other miners in the region as well. And that's why we think it's worthy that the government looks at a solution that supports a region, not just the smelter." The Queensland and federal governments have indicated they want to strike a deal to keep the smelter open, but discussions are still under way. Queensland Treasurer David Janetzki said the federal government had a significant role to play in the negotiations "and it will be a national disgrace if the federal government and Glencore are not at the table negotiating". "The federal government must be part of a short-term solution while they develop a long-term strategy," he said. Glencore smelter employee Cameron Gibson said the industry was "pretty close to my heart" because his father had worked at the Mt Isa operation for 33 years and he had been there for 32 years. "This is not about a company, it's not about politics, this is about saving a community, it's about saving rural and remote Australia," he said. "The royalties that the governments get out of places like Mt Isa … that will stop, and that will create a cash flow problem for the governments and all levels." The north Queensland economy is facing an "economic death spiral" and the loss of 17,000 jobs without an immediate government bailout for mining giant Glencore's copper operations, regional leaders have warned. A delegation, including members of Katter's Australian Party, is in Canberra lobbying the federal government for funding to allow Glencore's copper smelter at Mt Isa to remain open. Last week, Glencore told staff it was preparing to put the smelter and Townsville copper refinery into care and maintenance until market conditions improve. The Swiss company closed its underground copper mine at Mt Isa this week, costing almost 500 direct jobs. Mt Isa Mayor Peta MacRae said the end of the mine's 100-year history was "devastating in itself". "But to hear that our smelter could potentially be going into care and maintenance, along with the refinery in Townsville, would put our economic ecosystem into a death spiral," she said on Thursday. "Without our smelter, there's no sulfuric acid for the phosphate, and without that phosphate and fertiliser, you will not have the agricultural industry in Queensland." Five hundred jobs are also under threat at Dyno Nobel's Phosphate Hill operations near Mt Isa, with a strategic review under way because high gas prices have made fertiliser production increasingly uneconomical. Glencore predicts its smelter and the Townsville copper refinery will lose $2.2 billion over the next seven years, and a decision to close them could come as soon as September. It was "no overestimation" to say that this would cost 17,000 direct and indirect jobs, Ms MacRae said, putting Townsville at an unemployment rate of 18 per cent, "which is simply unacceptable". Townsville Enterprise chief executive Claudia Brumme-Smith said the Queensland delegation had a "big day" of meetings with industry and government on Thursday to try to secure immediate support. "We don't have a lot of time. It's five minutes to midnight, and we need a deal right now," she said. Federal MP Bob Katter said there would be retribution at the ballot box, if the government allowed Mt Isa to vanish without a trace. "North Queenslanders have an enviable record in completely destroying politicians who treat us like this. So if you think that's a threat, I absolutely promise you it's a threat." Glencore head of corporate affairs Cassandra McCarthy told the ABC "we're running out of time". "It's not just about Glencore, it's about supporting the other miners in the region as well. And that's why we think it's worthy that the government looks at a solution that supports a region, not just the smelter." The Queensland and federal governments have indicated they want to strike a deal to keep the smelter open, but discussions are still under way. Queensland Treasurer David Janetzki said the federal government had a significant role to play in the negotiations "and it will be a national disgrace if the federal government and Glencore are not at the table negotiating". "The federal government must be part of a short-term solution while they develop a long-term strategy," he said. Glencore smelter employee Cameron Gibson said the industry was "pretty close to my heart" because his father had worked at the Mt Isa operation for 33 years and he had been there for 32 years. "This is not about a company, it's not about politics, this is about saving a community, it's about saving rural and remote Australia," he said. "The royalties that the governments get out of places like Mt Isa … that will stop, and that will create a cash flow problem for the governments and all levels."
Perth Now
31-07-2025
- Business
- Perth Now
'Economic death spiral' fear over ailing copper smelter
The north Queensland economy is facing an "economic death spiral" and the loss of 17,000 jobs without an immediate government bailout for mining giant Glencore's copper operations, regional leaders have warned. A delegation, including members of Katter's Australian Party, is in Canberra lobbying the federal government for funding to allow Glencore's copper smelter at Mt Isa to remain open. Last week, Glencore told staff it was preparing to put the smelter and Townsville copper refinery into care and maintenance until market conditions improve. The Swiss company closed its underground copper mine at Mt Isa this week, costing almost 500 direct jobs. Mt Isa Mayor Peta MacRae said the end of the mine's 100-year history was "devastating in itself". "But to hear that our smelter could potentially be going into care and maintenance, along with the refinery in Townsville, would put our economic ecosystem into a death spiral," she said on Thursday. "Without our smelter, there's no sulfuric acid for the phosphate, and without that phosphate and fertiliser, you will not have the agricultural industry in Queensland." Five hundred jobs are also under threat at Dyno Nobel's Phosphate Hill operations near Mt Isa, with a strategic review under way because high gas prices have made fertiliser production increasingly uneconomical. Glencore predicts its smelter and the Townsville copper refinery will lose $2.2 billion over the next seven years, and a decision to close them could come as soon as September. It was "no overestimation" to say that this would cost 17,000 direct and indirect jobs, Ms MacRae said, putting Townsville at an unemployment rate of 18 per cent, "which is simply unacceptable". Townsville Enterprise chief executive Claudia Brumme-Smith said the Queensland delegation had a "big day" of meetings with industry and government on Thursday to try to secure immediate support. "We don't have a lot of time. It's five minutes to midnight, and we need a deal right now," she said. Federal MP Bob Katter said there would be retribution at the ballot box, if the government allowed Mt Isa to vanish without a trace. "North Queenslanders have an enviable record in completely destroying politicians who treat us like this. So if you think that's a threat, I absolutely promise you it's a threat." Glencore head of corporate affairs Cassandra McCarthy told the ABC "we're running out of time". "We really need to know in the next couple of weeks whether there is going to be enough support on the table to allow us to continue to operate," she said. "It's not just about Glencore, it's about supporting the other miners in the region as well. And that's why we think it's worthy that the government looks at a solution that supports a region, not just the smelter." The Queensland and federal governments have indicated they want to strike a deal to keep the smelter open, but discussions are still under way. Queensland Treasurer David Janetzki said the federal government had a significant role to play in the negotiations "and it will be a national disgrace if the federal government and Glencore are not at the table negotiating". "The federal government must be part of a short-term solution while they develop a long-term strategy," he said. Glencore smelter employee Cameron Gibson said the industry was "pretty close to my heart" because his father had worked at the Mt Isa operation for 33 years and he had been there for 32 years. "This is not about a company, it's not about politics, this is about saving a community, it's about saving rural and remote Australia," he said. "The royalties that the governments get out of places like Mt Isa … that will stop, and that will create a cash flow problem for the governments and all levels."
Yahoo
14-07-2025
- Business
- Yahoo
Dyno Nobel's (ASX:DNL) investors will be pleased with their favorable 96% return over the last five years
If you want to compound wealth in the stock market, you can do so by buying an index fund. But you can do a lot better than that by buying good quality businesses for attractive prices. For example, the Dyno Nobel Limited (ASX:DNL) share price is up 46% in the last five years, slightly above the market return. Zooming in, the stock is actually down 1.4% in the last year. Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. Dyno Nobel's earnings per share are down 31% per year, despite strong share price performance over five years. The impact of extraordinary items on earnings, in the last year, partially explain the diversion. Essentially, it doesn't seem likely that investors are focused on EPS. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics. In contrast revenue growth of 5.9% per year is probably viewed as evidence that Dyno Nobel is growing, a real positive. It's quite possible that management are prioritizing revenue growth over EPS growth at the moment. The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers). We like that insiders have been buying shares in the last twelve months. Even so, future earnings will be far more important to whether current shareholders make money. So it makes a lot of sense to check out what analysts think Dyno Nobel will earn in the future (free profit forecasts). As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for Dyno Nobel the TSR over the last 5 years was 96%, which is better than the share price return mentioned above. This is largely a result of its dividend payments! Dyno Nobel provided a TSR of 1.5% over the last twelve months. But that was short of the market average. If we look back over five years, the returns are even better, coming in at 14% per year for five years. It's quite possible the business continues to execute with prowess, even as the share price gains are slowing. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. For instance, we've identified 1 warning sign for Dyno Nobel that you should be aware of. There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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.
