About 36 contractor and head office positions on the line.
The miner blamed the decision on weak coal prices, high costs and a strong local dollar.
Official commodity researcher of Australia cuts outlook for 2014 and predicts steady decline for the rest of the decade.
Demand for nickel is increasing every year.
But gold holdings represent only 1% of all financial assets.
But dependence on China makes today's emerging market turmoil different from other periods.
The shuttering of huge copper and iron ore projects gives the Street the blues, but the resulting squeeze in supply can lead to explosive price hikes.
KP405 is said to have enough of the fertilizer ingredient to sustain a mine for decades.
The Vancouver-based miner said it expected coal prices to remain weak.
Together with other four key industries, gas could add $250 billion to the economy over the next two decades, shows a new study.
Iron ore price is already down 17.% this year, but supply ramp up of cheap ore will result in further falls in the second half of 2014 says new research report.
The miner's energy division chief, Harry Kenyon-Slaney, said current climate change policy debate is idealistic and too focused on renewable energy.
After 18 months of negotiations the firm has pulled off a seemingly unachievable total of $10 billion.
Reveals cross-industry survey, which analyzed responses from over 30,000 professionals.
But China's incremental demand for commodities may have peaked.
This is the first statement in which MMG has confirmed its intention to buy Las Bambas.
Currently 19% of Aussie geoscientists are unemployed, compared with fewer than 2% three years ago.
Headlines about a Chinese economic slowdown may get good web traffic, but the real story is that China is buying up uranium and other resources around the world.
Companies will get $100 million for a joint-venture in Chile, under the latest funding deal by Australia's controversial Export Finance and Insurance Corporation.
Rio's partner in the project claims there is the potential for a long-life, low-cost mine.
The only stumbling block is the firm's $27bn net debt, which BHP expects to drop below $25bn in three months, removing the final hurdle.
The miner is warning the multitude of new legislation could send compliance costs soaring by tens of millions of dollars for global companies.
Due to slump on prices for the steel-making material.
A grader working a salt mine in Port Hedland, Australia.
Tom Kern shared a picture on Facebook of his wedding cake styled as an open pit complete with a Cat excavator and dump truck. Kern was married early this month and is based in Victoria, Australia. Kern is self-employed. Hat …
The figure includes salary, a cash bonus, shares and other benefits for the man who was able to take Rio Tinto from a US$3 billion loss to a US$3.7 billion profit in a year.
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