The miner said decision was unrelated to Elliott Management's call earlier this month to unlock shareholder value by spinning off about $22 billion of BHP's US oil assets.
China Mining News
BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and expectations for a surplus.
Production for the first three months of the year slumped 37% compared with the same period of 2016.
Production of the steelmaking raw material jumped 11% to 86.2 million tonnes in the January-March period, compared to the same quarter a year earlier.
Another 5% iron ore price drop Tuesday slashes $30 billion from top 5 producers' market value in one month.
Burning coal, oil, and natural gas is responsible for two-thirds of humanity’s emissions of greenhouse gases, and yet provides more than 20% of GDP in two dozen nations.
The Indonesian unit is now in the process of obtaining a full export permit.
Western Potash said it’s moving ahead with its Milestone project, expected to produce 146,000 tonnes of potash annually over 12 years of planned operations.
Another gap down Monday brings one-month drop to 30%.
The company is also said to be mulling a number of investment projects involving a Chinese chemical company.
The unit is expected to help speed up the approval of legislation that allows the exploration and exploitation of the country’s vast lithium deposits.
But market was in small deficit according to study.
Up another 5% on Thursday – stones throw away from all-time high.
With the Foreign Investment Review Board’s approval, Rio Tinto is a step closer to fully exit thermal coal.
Worries about Chinese economy and rising tension surrounding North Korea brings fear trade to mining and industrial metals.
The commodity is now trading below $70 a tonne and has just suffered its largest one-day percentage decline in over a year.
New report says despite a slowdown in China, falling mine production will push lead prices higher over the next five years.
With 2,400 listed companies and a market cap of $20 trillion, the NYSE is the biggest exchange in the world. But how do other exchanges compare?
Coking coal price has doubled in two weeks – storm damage to rail lines could affect Australian exports for another four weeks.
After a 85% rise in 2016, iron ore prices are now down 3.2% so far this year, which has placed the commodity in a bear market.
By the end of 2017, Yancoal Australia may become one of the top three coal producers in this country.
Coking coal prices gained 86% to $283.10 a tonne this week, the biggest gain in four years.
Ore with 62% content in Qingdao fell almost 7% overnight, entering a bear market and erasing all of this year’s gains.
The following animated chart is based on data and projections from the U.N. Population Division, and it shows the evolving population share by region between 1950 and 2100.
The miner said it won't meet its coal export commitments due to the damage caused by cyclone Debbie, which struck Australia’s north-east coast last week.