Federal government, two states sue iron ore giants over devastation from dam burst that washed mud 600km down Brazil's second largest river system.
Big three close to falling victim to their own scorched earth strategy.
Company confirms that the Institute for Water Management in Minas Gerais (IGAM) found levels of arsenic, lead and other toxic elements many times higher than the legal maximums along the river.
The Amrun mine is expected to open in 2019 and initially produce 22.8 million metric tons of bauxite a yera.
The UN’s human rights agency also said the companies did not take enough measures to prevent the disaster.
While the law lets citizens mine, sell and own riches mined in space, it does not grant sovereignty, ownership, exclusive rights or jurisdiction over any celestial body.
But when will the bear end?
New study says in a post-China boom world geological shortage becomes a stronger driver of prices than demand – and even coal will need new mines.
HSBC downgraded the company to 'reduce' from 'hold' and highlighted that Anglo's precarious cash flow situation may force it to cancel its dividend.
The miner is likely to cut its iron ore output target for the year from 376 million tonnes to 355 mt, says independent investment bank BTG Pactual.
Chorus predicting iron ore in the $30s before the end of the year grow louder as Chinese buying dries up.
The news came as the price of iron ore continues its month-long retreat, diving to a fresh 10-year low Tuesday to $43.69, according to The Metal Bulletin index.
After five trying years, RAB Capital Founder and President Philip Richards sees the light at the end of the tunnel.
The unequivocal dismissal of the case with prejudice on Friday 20th of November 2015, by the Honorable Judge Richard Berman, bars Rio from re-pleading its case and represents a significant victory for BSGR in its efforts to ensure the truth in relation to Simandou is properly set out.
"Prices must overshoot relative to marginal production costs in order to trigger mine closures on a sufficient scale."
Rio Tinto said Vale conspired to "steal" the Australian giant's massive Simandou concession in Guinea.
Unless demand picks up or more miners cut output, prices for raw materials are set to stay low for years, or worse, continue to drop, the investment bank predicts.
A miserable $400 million down from a high of $4.6 billion in 2012.
The Baltic Dry Index which tracks bulk shipping rates on more than 50 routes around the world drops to lowest since 1985.
The biggest drops were in the construction sector in Latin America (-41%) and in the resources industry in Asia (-37%).
The Norwegian mining subsidiary of Australia's Northern Iron Ltd will file for bankruptcy by the end of the day.
Year to date gold is one of the better performers, but rhodium comes off worst.
“The floor of this market is in the hands of the top five mining companies."
The move will help the cash-strapped coal and iron ore miner to continue operating for the short term.
Until early November, the failure at the Canadian Mount Polley copper mine had been the worst such breach in recent years.
Two more dams at the iron ore mine that suffered a dam breach earlier this month are at risk of bursting and are undergoing emergency repairs, mining company officials said Tuesday
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