Companies said over-staffing in the current environment was threatening the viability of their Australian operations.
The gloomy figure includes geologists and mining engineers.
Reviving the China-India ore trade which peaked at 120mtpa in 2009 could be part of a grand bargain when Modi and Xi meet for the first time in New Delhi.
CEO Chuck Jeannes says barring a major technological breakthrough global gold production probably peaked in 2013.
A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.
The figure recently hit a seven-year low, rising concerns over how these cost-cutting measures may delay the country’s next generation of mines.
Here is one interpretation of how much is left on Earth.
The country lifted a long-standing ban on selling uranium to energy-starved India in 2012 and both have been negotiating a nuclear safeguards agreement since then.
After flirting with a five-year low for about a month, the iron ore price fell to the lowest price since October 2009.
The decision is considered a key political victory for Prime Minister Tony Abbott.
Vast stretches of northern Europe’s wilderness will soon host more mining companies going ahead with several projects in the area.
Following a meeting with BHP’s China boss, Beijing issued a statement saying it believed that “BHP and other iron ore suppliers should avoid abusing dominant market positions."
When Australia's richest person launched the ambitious $10 billion, 55m tonnes a year project iron ore was trading at more than $130 a tonne.
With bondholders facing possibility of default, Australia's St Barbara needs a quick "win-win" exit from its Solomon Islands gold mine taken over by illegal miners.
The iron ore-rich state is the latest of Australia's debt-laden regional governments to announce a selloff of state-owned infrastructure.
If the steel-making material loses another $2 a tonne, it will be the lowest since October 2009.
There’s a death match among iron ore producers, with the big Australian miners and Brazil's Vale increasing pressure on their high-cost Chinese rivals.
Now more than ever, only select mining companies are attracting investors.
Spot falls to $88.90 a tonne as iron ore price suffers weakest quarter since 2009.
In a letter to China's ambassador to Australia, Clive Palmer expressed regret for "any insult to the Chinese people caused by any of the language" he used.
Capital raising for exploration up more than 32%.
And that's only during the construction phase.
The new repurchase program will remain active until Dec. 31, 2015.
Economists say the mining boom increased Australian living standards substantially.
Anxiety rising in the region.
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