Goldman expects the iron ore "war of attrition" will continue while prices gradually decline toward its $40 per metric ton forecast by 2017.
The stock surged over 15% in early trade, closing at A$2.40, or 10.6% up, after reports of Chinese-linked companies seeking permission to invest in the iron ore producer.
The China-Brazil deal means that in just three years Vale will be producing more than BHP Billiton and Rio Tinto combined.
The U.S. Securities and Exchange Commission concluded BHP did violate a U.S. anti-corruption law by paying for officials and their families to attend the Games.
Only lower grade fines are oversupplied shows new research report.
Andrew Mackenzie also warned the proposed would damage the Australia’s economy and shift investment to main foreign competitor Brazil.
Market valuation at lower end of expectations on worries over dearth of reserves. BHP stock falls 6%.
Inquiry comes amid claims the mining giants are driving prices down, severely damaging the country's economy .
Ivan Glasenberg has once again slammed his competitors, who he accuses of damaging the credibility of the mining industry.
CEO Andrew Mackenzie announced the firm would cut capital and exploration expenditure to $9 billion in the 2016 financial year from $12.6 billion in 2015.
Chinese import prices surge more than 3% to 10-week high after Beijing's surprise rate cut boosts industry prospects.
Forrest is blaming BHP and Rio for a fall in the price of iron ore as the pair continue to ramp up production.
Overall Chinese imports plummeted 16% in April as coal enters free-fall, but iron ore's decline was modest and copper shipments jumped 5%.
The company's shares have lost over 40% of their value since it first listed in 2011 on the London Stock Exchange.
Steelmaking raw material now up 28.7% from decade lows hit last month.
BHP Billiton shareholders have overwhelmingly voted in favour of the South32 demerger, a spin off that creates Australia’s third-largest mining company.
The A$3.9 million partnership with Reconciliation Australia seeks to include teaching of Aboriginal and Torres Strait Islander history in schools.
India's Prime Minster Narendra Modi's plans to shift the country's economy toward manufacturing and away from agriculture and services are being held up by a different kind of coal shortage.
The 14-months long investigation ended on April 10, with BHP accepting the charge of “causing an offensive odour,” and the EPA releasing just a single tweet about it.
It's estimated that the labour action generated about US$26 million in losses, forcing BHP to declare force majeure last week.
Today's results are the lowest earnings Vale has reported in six years and its third straight quarterly loss.
Prices for the steel-making material added Monday US$1.28 or 2.17% to US$59.09 a tonne, taking its gain since bottoming on April 2 to 25%.
After a stunning week of gains iron ore is now trading 22% above record lows hit early April.
Jumps 6% on Wednesday to four-week highs despite record-setting production numbers from Big Three.
When asked about how much lower commodities prices will dive this year, Davis said he thought they were close to hitting rock bottom.
The company has become the first big miner to delay a planned output expansion.
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