Domestic demand and industry consolidation in China stabilizing prices in decline since 2011.
And 90mtpa S11D ahead of schedule.
Domestic scrap prices have fallen below the cost for Chinese coastal mills to produce pig iron.
Australia's stock market was once synonymous with raw materials. Not anymore.
Iron ore has been the hardest hit.
Bengalla is the smallest of three coal mines in the Hunter Valley of New South Wales in which Rio Tinto holds an interest, producing 8.6 million tonnes (3.4 million tonnes based on a 40 per cent Rio Tinto share) in 2014.
The mining industry is now losing highly skilled professionals as they pursue alternative work.
The company, Australia’s third-biggest copper producer, expects digital-age related technologies to boost demand for the metal.
It also revised its guidance for 2015 down, saying sales and revenues for the year are now expected to be about $48 billion—$1 billion lower than the previous outlook.
The mining giant acknowledged it used a Singapore marketing hub to minimize its tax expenses, but added it is paying its fair share worldwide.
So far, copper prices have failed to react significantly to news of supply disruptions, remaining more responsive to news from China, the world’s largest consumer.
Rio Tinto’s iconic Argyle Pink Diamonds Tender, comprising 65 of the world’s rarest pink and red diamonds, is being showcased in Hong Kong as part of its global tour.
According to environmental scientist Peter Erskine, Australia will be left with a bill running into tens of billions of dollars unless the government starts taking mine rehabilitation seriously.
The company reported a £1.2 million pre-tax loss in the first six months of 2015, widening from the £191,000 loss reported a year earlier.
The company's president, Kelvin Dushnisky, said he expects the imminent sale of six U.S. assets to close before the end of the year.
On the 5th of September, the AusIMM Southern Queensland Student Chapter (SQSC) held the chapter’s annual BHP Billiton Local Mining Games at The University of Queensland’s Experimental Mine in Indooroopilly, a suburb of Brisbane.
The move aims to reduce the gold producer's dependence on unreliable electricity supply from state-run utility Eskom Holdings.
BHP’s coal chief believes the commodity is likely to remain under pressure for a while.
Number five is a single pit that produces 77 million tonnes of iron ore per year.
The alleged deals involve Glencore's Collahausi mine in Chile, as well as Antamina and Antapaccay copper mines in Peru.
A report released today (Wednesday 16 September) by the Bankwest Curtin Economics Centre (BCEC) has emphasised the need to diversify Western Australia’s exports and widen our trading partnerships beyond China to maximise growth opportunities and strengthen WA’s economy.
More than a dozen energy companies have been pressing U.S. authorities to lift the nation's four-decade moratorium on oil exports.
The Minerals Council of Australia asked Turnbull to use his advocacy skills and economic know-how to help the struggling mining sector.
Carroll, who led Anglo American from 2007 to 2013, will chair the company’s Vedanta Resources Holdings Ltd. unit and advise the group’s chairman.
The share sale is set to reduce the company’s net debt by a third to around $20 billion by the end of 2016.
Market back into deficit next year and through 2019 on supply cuts, disruptions, dirty concentrate and rising costs.
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