CEO Andrew Mackenzie tells shareholders while output is still increasing at no. 3 producer, it's been three years since new spending was approved.
Billionaire iron ore tycoon Gina Rinehart loses fight to keep secret court proceedings in family dispute over ownership of Roy Hill and Hope Downs iron ore mines.
Iron ore price down more than 7% over two sessions to just above $70 as supply swamps China just as steel consumption falls for the first time in 14 years.
Deal should help bolster Australia's already strong links to Asia and the ongoing 'rebalancing' of the nation's growth towards the non-mining sectors.
A recent lawsuit in British Columbia is the latest example of an emerging trend in which plaintiffs are seeking to hold parent companies liable in negligence in relation to the actions of their foreign subsidiaries.
Closing the mine will cost $650 million to $700 million over the next five years.
Being eligible for “enhanced Government of Canada economic diplomacy.”
Drops to June 2009 levels on the way to $70 a tonne after Chinese house prices fall for sixth month in a row.
The mine and rail project in Queensland's Galilee Basin is expected produce 60 million tonnes of thermal coal a year.
Disgraced Brazilian tycoon on trial for insider trading has signed development deals with a South Korean pharmaceutical company and a dog cloning scientist.
The world's largest iron ore producer said the new division head will focus on increasing efficiencies.
The partnership dates back to 1987, in the early stages of the development of the Chinese steel industry.
The news comes barely a day after the miner announced it was scrapping the sale of its Nickel West division.
Mining companies today face a complexity of problems: spiraling costs, government intervention, deepening pits, lower ore grades, lack of community trust, and declining productivity are just some of the issues.
Chinese steel mills restart production but ore demand remains modest.
Decline was in line with S&P/TSX Composite index, which also plummeted 15% during the quarter.
The survey revealed significant concern among business leaders that current mining policy presents a challenge to their supply chain and that reform is necessary.
Century Iron Mines Corporation (“Century” or the “Company”) is pleased to announce positive assay results for the first two batches of samples from its 2014 drilling program (the “Drilling Program”) at the Sunny Lake Properties, which are located about 50 kilometres northwest of Schefferville, Québec.
To keep the lights on 30% of juniors need to raise money within six months, 59% within a year new survey shows.
After two and a half years in decline, the mining equipment market turned up slightly in the third quarter.
Twiggy says BHP and Rio threaten Australia's relationship with Beijing by bankrupting Chinese iron ore producers. China's steelmakers may disagree.
A global survey of over 5,300 job seekers sheds some light on the issues in the war for talent which the Mining sector continues to face.
Mining equipment market to grow at compound annual rate of 8.42% to $134 billion through 2019 surpassing the market for construction equipment.
Find out about the indicators Holmes watches to read the market's pulse, and why a +/- 35% move for gold doesn't keep him awake at night.
In new federal suit, estranged children seeks greater share of Gina Rinehart's most prized assets – Hope Downs and $10 billion Roy Hill iron ore mines.
A simple rule of thumb is that price changes have a two-to-one impact on the bottom line, while cost changes have a one-to-one impact.
Get Mining News and Alerts
sent to your inbox daily