“The floor of this market is in the hands of the top five mining companies."
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.
Peabody’s concessions came in response to a probe that found the company had not been forthright with investors and regulators about threats to its business.
The Argyle Pink Diamonds Tender, known as the ‘Connoisseurs Collection” weighing a total of 44.14 carats and including four Fancy Red diamonds, was internationally popular with winners from 11 countries.
Peter Hall, chief economist of Export Development Canada, says it’s all about the end of quantitative easing.
The Minerals Council of Australia has today released a new publication The Whole Story that details the contribution that Australia’s mining industry makes to communities across Australia.
Analysts estimate the accident is likely to keep the the Samarco iron ore mine shut until financial 2019, with clean-up costs exceeding US$1 billion.
Premiums for lump ore which let steelmakers lower pollution and cut costs have shrunk from $20 to just $3 a tonne.
BHP Billiton has signed a new native title agreement with the Banjima People in Western Australia.
Cliffs CEO heaps scorn on Rio Tinto and BHP living in "an imaginary world" as iron ore falls to second lowest spot price on record.
The stock ignored news from Zambia where President Edgar Lungu said he would not allow the firm to lay off workers at its Mopani Copper Mine, as it mothballs it for 18 months.
The importance of going beyond environmental considerations when planning the lifecycle of mines to include socioeconomic considerations was a key topic discussed at the last UNCTAD meeting.
The growing practice consists on soliciting small amounts of money from a large number of people in order to fund a project or venture.
The country's government is in the midst of reviewing its mining legislation, particularly mandatory divestment rules and contract extensions.
It all began about 900 million years ago.
In 2011, during the peak of the so-called “mining boom”, the sector was worth nearly US$2.5 trillion.
Also approves expansion of Tanami mine in Australia.
"The major producers are adding incremental volume at around $20 a tonne, that gives you a sense of where the vulnerability is."
The number of registered artisanal miners, or barrequeros, inside Colombia now top 100,000 and production should keep rising.
But authorities and miners say calls for a global moratorium on coal mines ignore the scale of global demand for energy.
Chinese scrap – typically around 90% Fe – has fallen to below 62% iron ore at its 2011 peak and below domestic pig iron prices.
The NSW Department of Planning has recommended conditional approval of the much needed and long-debated mine expansion, as its current permit expires in June 2017.
The Australian Government has been called on to take more notice of the nation’s important economic footprint in Africa.
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