CEO Ricardo Vescovi and operations chief Kleber Terra were among those accused of environmental crimes by Brazil’s Federal Police earlier this month.
Australia Mining News
It's been a rough start to 2016 for Australian nickel producers with low prices, job cuts and mine closures across the nation.
Gold has become this year the best-performing non-agricultural commodity.
Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.
Chile's Invierno coal mine is, by far, the southernmost mine on the planet.
Already beset by plummeting metal prices, BHP Billiton and Rio Tinto now face a new challenge – preparing their shareholders for sharply lower dividends.
The Canadian deep sea miner has signed agreements with United Engineering Services LLC to provide support services associated with wet testing the company’s production and storing equipments.
When the sector comes back, shareholders will expect their returns.
Chief executive Sam Walsh told employees he expected 2016 to be "an even tougher year" than the last.
Iron ore price already down 8% in 2016, despite a surge in Chinese imports to 96 million tonnes in December, pushing 2015 cargoes to an all-time high.
Company is said to have sent out requests to investment banks as it seeks to hire an adviser to assist in the bidding process for Anglo American's niobium and phosphate business in Brazil.
Today's animation shows how the world's most populous countries will change over the coming years.
The miner has finally completed the sale of assets from its Tarmac joint venture to a subsidiary of French engineering and construction group Bouygues.
Submissions for the Queensland Mining Contractor Awards open today, with entries welcomed across innovation, cost and time saving, product development, engagement and equal opportunity categories.
Major commodity-producing countries are set to remain under intense finance strain in 2016, which will increase the risk of social unrest, says Verisk Maplecroft.
Prices fell Thursday for a second consecutive session. According to Metal Bulletin, the spot price for benchmark 62% fines dropped by 0.46%, or 20 cents, to $42.91 a tonne.
Hopes pinned on Big 4 to exercise their "unprecedented pricing power".
The last time the weather event was present, it wrought havoc on the mining industry in Australia, with thermal and coking coal mines in Queensland hit by flooding from cyclones and heavy rain.
Gold advanced in both Canadian and Australian dollars, rocketed higher in Argentine pesos and Brazilian real, climbed higher in Mexican pesos, Russian Rubles, South African Rand, Turkish Lira and Ukrainian Hryvnia.
Investors have publicly called on the company’s independent directors to deal with the “misguided policies and missed opportunities” that have hurt their investment.
The decision, part of a series tough measures, seeks to cut both oversupply and a worsening pollution crisis in the country.
The global outlook for uranium looks bright, with Asia's burgeoning nuclear energy industry fuelling demand for the radioactive metal.
The Dartbrook coal mine has been mothballed since 2006, when Anglo placed it in care and maintenance.
No 3: "The return of inflation could revive demand for hedges including commodities, with gold in particular likely to benefit."
Earlier this month, Anglo announced a "radical" restructuring program.