The situation, industry officials said Friday, can’t continue for much longer.
The competition watchdog did not welcome chairman Andrew “Twiggy” Forrest call for rivals Rio, BHP and Vale to agree to cap production.
A new study shows the costs of mining for the red metal have steadily declined over the past three years.
There are a number of challenges South32 is likely to face, including potential Black Economic Empowerment ownership concessions and power price hikes.
Board proposes to give shareholders one share in the $12bn spin-off company for every BHP share owned, but the whole process comes with hefty fees.
The world's two largest mining companies believe China's hunger for iron ore isn't about to fade, even as the price is touching new lows.
The iron ore price suffered another steep decline on Friday, falling to the lowest since November 2008 when the SteelIndex benchmark was first introduced.
After more than four years of consultation and environmental studies, the miner has been granted conditional approval by Western Australia’s authorities.
The former Xstrata boss’ new firm may soon pull the trigger on some big deals at a time of low commodity prices and willing sellers.
A raging seven-year drought affecting copper-rich Chile is making miners grow anxious, with BHP and Anglo American already reporting an impact in their operations.
Weak iron ore prices have become the accepted industry norm, but the world's top miner also has bad news for those hoping for a pick-up in the long term.
In the second half of 2014 the businesses bound for South32 generated $5bn worth of revenue and almost $890m of earnings before interest and tax.
World number one miner notches "productivity gains" of $2.4 billion as profits fall 47% in second half of 2014.
BHP Billiton President Iron Ore, Jimmy Wilson, today announced plans to cut unit costs at Western Australia Iron Ore (WAIO) by at least 25 per cent and the potential to increase capacity there by 65 million tonnes per year at a very low capital cost.
The Australian junior iron ore producer is also studying whether it needs to write down the value of any assets ahead of next month’s half-year result.
The decision caps off a dreadful month for South Australia’s mining sector.
Another slide on Tuesday drops iron ore price 13.4% year to date, but latest forecasts see another double digit dip from current levels.
Down 4% to fresh five-and-half year low.
The world’s second largest iron ore miner is targeting a 18% output increase this year, adding to a mounting global glut that has driven down the commodity price.
The 56 year old who built Xstrata into one of the world’s biggest mining firms and then sold it to Glencore, is tipped to be on the verge of landing his first big fish.
The measure would only be imposed to miners that consume more than 150 liters (40 gallons) of water per second.
In response to the significant impact of the recent South Australian bushfires on local communities, BHP Billiton Sustainable Communities today donated A$250,000 to the State Emergency Relief Fund.
The miner believes that while the market is oversupplied now it will tighten from 2018.
The government also published a list of answers to common questions about crude exports, providing guidance in a matter plagued by confusion.
Iron ore and oil, for ages among the strongest commodities, are on course to end 2014 as the worst performing ones.
The new law could seek to limit mining companies' ability to replace workers during strikes.
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