The price of iron ore is holding above $50 for now, but a contraction in Chinese steel output will see producers increasingly fight for market share.
But New South Wales says the proposed amendment would give social and environmental issues equal standing with the economic in decision making.
The sustained losses place smaller miners back in the danger zone.
Chinese steel prices fall to record low Monday, dragging down iron ore price another 4%.
The move is part of a plan to sell the government's holdings in 10 state-owned companies over this year and next to boost foreign investment and revive growth.
They claim Beijing is using it to block imports and so favour its own struggling coal industry.
Lobbying from the Australian Government
As fresh reports provided further evidence of a slowing Chinese economic and consequently increasing stock piles up at its ports.
China's central bank commitment to ensure policy remained prudent this year may mean no more monetary stimulus, which could see copper demand growth slow further.
Cuts likely to be announced at the end of the month, when the miner is set to publish its first-half results.
The company, which owns a gold project in Mongolia, is optimistic about the country's stance towards foreign mining investment over the coming years.
The value of the commodity has fallen by about 35% over the latest 12-month period, hitting Australia’s economy harder than expected.
Kimberley Diamonds is shifting focus to the Lerala mine in Bostwana, which will be its key source of revenue.
Negotiations between the parties, still at an early stage, are said to have generated solid interest from both sides.
BHP already operates the world’s largest copper mine, Escondida, which sits, quite literally, across the road from Zaldivar.
Rio Tinto’s spectacular Argyle Pink Diamonds Tender has been launched during a world exclusive preview at the Sydney Opera House, with this year’s iconic collection including some of the most vivid pink and red diamonds ever unearthed from the Argyle mine.
The company, however, said it remained committed to the diamond industry.
But the Indian company said it remains committed to the US$12bn Carmichael project in Queensland, Australia.
The cuts at the Adelaide support office for the Olympic Dam operations come about six months after BHP scrapped about 90 permanent positions and 210 contractor jobs.
Analysts from Goldman Sachs, Citi and ANZ predict prices will drop again below $50 a tonne.
Until now Canadian companies needed to have at least 51% stake in any uranium project.
The vision for a cleaner, greener and more productive steel industry, moved a step closer with the recent signing of an agreement with a company in China to scale-up CSIRO’s dry slag granulation (DSG) technology.
In-situ recovery is a new and largely untapped frontier that could improve environmental performance and change the economics of mining.
Swiss-based mining giant Glencore says it will pay a new entity within its global chain to market and distribute its coal as it moves to close its Singapore office.
The Chinese firm already mines gold next door to a Phoenix deposit.
Get Mining News and Alerts
sent to your inbox daily