CHART: New wave of selling hits world's top five public mining companies Friday as the commodity slump slashes market valuations to 60–88% below 2011 highs.
The company, already the worst performer in the FTSE 100 index in 2015, has lost almost 60% of its value since the beginning of the year.
Premier Colin Barnett says the mining downturn has bottomed but warns the next 12 months will be risky for minerals companies.
Billions wiped from mining sector as Chinese manufacturing activity contracts to a six-and-half year low.
Consolidation is set to sweep Australia's struggling coal sector over the next six to 12 months, as diversified majors lose patience with depressed coal prices and companies choose M&A instead of navigating a political and environmental minefield to develop new projects.
Thousands of firms scramble for new customers in the US: ‘it’s been catastrophic’
With the only exception of gold, production numbers for most other commodities mined in the Central African nation are also expected to decline this year.
The miner has responded to deteriorating market conditions by slashing spending and cutting jobs, mostly at its North American operations.
Authorities say the $2.5 billion illicit mining industry is creating a parallel economy that is deemed to damage the business of those who operate legally.
Commodity investing legend says the Chinese market is on its way to "finding a good bottom."
The sale follows last month’s touted deal with Stanmore Coal, which bought Vale's Isaac Plains coal mine for just a dollar.
Despite current adverse conditions, advisory firm Behre Dolbear is recommending mining stakeholders to focus on markets that have been able to ride the wave relatively well so far.
The Energy Information Administration (EIA) recently released data on the history of America’s energy supply, sorted by the share of each energy source.
New South Wales planning authorities say a scaled-back plan to extend the life of Anglo’s Drayton South open-cut mine in the Hunter Valley can be approved, but with certain conditions.
As prices for the company's four key "pillar" commodities —iron ore, metallurgical coal, copper and oil and gas — have all dropped to multi-year lows in the past 12 months.
We're not in 2008 – plotting global economic growth against commodity prices shows metals and mining sell-off is disconnected from realities on the ground.
The price for the two assets could rise to $500m from $200m, depending on an eventual recovery of copper prices and the execution of an expansion plan for the Mantoverde mine.
The answer is NO, according to the leader of The Greens, Richard Di Natale.
The company said is not keen on Rio Tinto's thermal coal assets, currently up for sale.
The US has suspended the futures market on the Nasdaq index, as panicking traders have driven it down 5% — the maximum allowed under Wall Street rules.
One of the darkest events in the martial-law era of Poland in the early 1980s will soon be available to the public.
Today may be the end of this trend of divergence. US equities are at a precipice: fueled by low rates and quantitative easing for years, they have finally started to tumble from record highs.
Chinese rail freight tonnage – a key indicator for economic activity and the commodities trade – has plunged by 10.2% this year.
SNL Energy Research analyzes the top coal basins in select regions amid predictions of further pain for the global coal industry, including mine closures, liquidations and bankruptcies.
First Nation support for resource projects has become increasingly important to their success.
Hundreds of thousands of dollars of infrastructure projects have been put on hold in Western Australia's mining heartland.
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