The Amrun mine is expected to open in 2019 and initially produce 22.8 million metric tons of bauxite a yera.
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.
Big three close to falling victim to their own scorched earth strategy.
The UN’s human rights agency also said the companies did not take enough measures to prevent the disaster.
The company said it would announce a final decision on the matter early next year.
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.
Study shows copper price fall matches previous down-cycles going back to 1975, but expect a long painful slog before a sustained recovery.
Chorus predicting iron ore in the $30s before the end of the year grow louder as Chinese buying dries up.
A traditional owner of the site of Australia’s largest proposed coal mine has alleged in court that Indian miner Adani misled a tribunal that cleared the way for the mine.
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.
The ongoing slump in copper prices spells trouble for Chile's mining industry, where most medium-sized producers are already unable to make a profit.
A low to intermediate level nuclear waste repository should be established near the South Australian Outback town of Leigh Creek, which is destined to become a virtual ghost town within years after the closure last week on Alinta Energy’s nearby coal mine.
"Prices must overshoot relative to marginal production costs in order to trigger mine closures on a sufficient scale."
Its Damang mine in Ghana is struggling with current gold prices, the firm said.
The Norwegian mining subsidiary of Australia's Northern Iron Ltd will file for bankruptcy by the end of the day.
“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.
The company said that extending Kestrel, its only underground coal operation, would add 20 years to the mine’s life.
Despite not signing the nuclear non-proliferation treaty, India will be allowed to import uranium from Australia for civilian purposes.
Hong Kong billionaire Joseph Lau bought the world's most expensive diamonds for his 7-year-old daughter, in less than 24 hours.
The miner has also been extremely hard-hit in recent months by a double whammy of falling prices and China fears.
With the changes, Anglo’s chief Mark Cutifani is trying to turn around the company’s fortunes following years during which it has underperformed its peers.
Wages were too high?
State prosecutor for the region says the companies were negligent and he has opened an investigation.
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