Steel prices up on rumours Beijing has ordered deep production cuts at steelmakers as far away as 500km from Chinese capital ahead of massive military parade.
Nautilus Minerals Inc. announces that contract for the detailed design of the Solwara 1 dewatering plant to be used on the Company’s Production Support Vessel has been awarded to the Brisbane office of the DRA Group.
A fresh survey of mining industry leaders is predicting more mine closures and job cuts as the prices of commodities like iron ore and coal decline.
As 85% of Chinese thermal coal producers and 35% of miners focused on the metallurgical kind are now running at a loss.
“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”
Mark Fellows, director of metals consulting at SNL Metals & Mining, explains why permitting delays happen, what they’re costing our economy and how to fix it.
Global miners could be at risk of losing valuable exploration and operating licences unless they step up their efforts to award work to suppliers in the locality of contracts.
The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.
Seaborne with 62% content delivered to Qingdao dropped 0.7% to $51.76 a ton, its sharpest drop in two weeks.
As industry giants such as Rio Tinto PLC and BHP Billiton Ltd. dig up ever more of the steelmaking ingredient for export, the resulting supply glut has caused prices to slump.
The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.
Kumba Iron Ore’s board has put a halt to paying a dividend in the half year to June and has moved to overhaul its operations as it grapples with a double whammy of tumbling iron ore prices and rising costs.
Not a typical cycle.
This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.
The Arkyd 3 Reflight (A3R) will spent its three-month orbiting mission sending back data to a group of scientists based at the firm’s headquarters in Redmond, WA.
The price of iron ore is holding above $50 for now, but a contraction in Chinese steel output will see producers increasingly fight for market share.
We lost nearly everyone on that journey which began so optimistically—and naively.
It would be the first time since 2009 that Anglo has to cut dividends.
Perhaps. But when a sector is so downtrodden that it barely shrugs at major global economic events, there is little left to lose.
With this impairment BHP will have written down its oil and gas business by more than $4 billion since 2011.
The availability of cheap money has seen boards postpone hard decisions about uneconomic capacity says Macquarie in new report.
For investors, there’s no place like home. Data shows that investors are heavily sector-biased based on where they live.
Despite the rosy outlook from Australia’s top iron ore producers, they are all facing staggering demand from their biggest customer — China.
Chinese import price for 62% iron content fines at the port of Qinqdao lost $5.01 or 10.01% of its value to $44.59 a tonne, the largest percentage drop on record.
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