Mining equipment market to grow at compound annual rate of 8.42% to $134 billion through 2019 surpassing the market for construction equipment.
What happens next is critical say mining companies currently operating in the country.
The ship will accommodate as many as 180 people and is expected to be delivered by the end of 2017.
It will be turned into a memorial to the 29 men who died there in 2010.
The move is considered another sign that Washington’s decades-old federal ban on crude exports is crumbling.
Fresh Chinese weakness pushes iron ore price to lowest since June 2009, but rising premiums for high-quality lump imports offers some hope.
The firm is laying-off 150 workers by the end of February 2015.
Three workers died on board in 2012 and fresh inspections have revealed severe safety breaches.
The company is defying coal price slump with increased production driven by expansions at its Australian mines.
Investors in Australia's junior mining sector are feeling the same pain as those in North America but Paul Adams, an analyst with brokerage firm DJ Carmichael in Perth, believes select junior resource companies will outperform the broad markets as macro-level events impact certain commodities.
Costs and challenges for mining the Arctic, meanwhile, on their way up.
Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.
About 500 workers will lose their job.
According to The Times, Rio flagged the possibility of a writedown in August.
The miner blamed low metals prices and productivity inefficiencies for the decision.
Woo served as a U.S. State Department representative in Asia for about 15 years with postings in countries including China, Japan and Australia.
The affected company is Planetary Resources, the U.S.-based start-up aiming to mine asteroids.
Instead of paying for mine equipment and services, the former project director sent the money to private bank accounts in Barbados and London.
Members of the World Gold Council spent last year a total of $47 billion in countries hosting their mining operations.
Once again Cutifani delivers — freight from Minas-Rio leaves for China by year-end and within the latest estimated budget.
The world’s biggest miner unveiled details about how it expects to meet cost-reduction and productivity improvement targets.
Resource scarcity and human rights issues surrounding metals extraction, coupled with unrelenting global demand mean the industry is facing some tough realities.
In the largest donation in Telethon history, BHP Billiton has committed $20 million over the next five years to the Telethon Kids Institute to improve the health and wellbeing of children in Western Australia.
The move is seen by analysts as an attempt to strengthen the firm’s image.
The controversial duties, imposed earlier this month, will be eliminated once ongoing negotiations on a free trade agreement (FTA) between the two nations is finalized.
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