Much of the overall decline in reported gold output was due to a significant quarter-on-quarter production declines from AngloGold Ashanti, Goldcorp, and Sibanye Gold.
The commodity and mining firm is battling activists who allege its Colombian coal mines have whisked profits out of the country, while causing environmental and labor issues.
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.
The monthly global average concentration of CO2 in March was the highest since scientists began tracking this greenhouse gas in the global atmosphere.
The company's shares have lost over 40% of their value since it first listed in 2011 on the London Stock Exchange.
If the miner buys any assets this year, it would be Rio's first acquisition in about three years.
Chief executive Ivan Glasenberg said growing demand for cheap energy will secure demand for coal.
The announced changes will be effective on July 1, once parliament has approved them.
The government intends to set its mining royalties at 9% for both open-pit and underground mines.
On the last of a three-day national hearing, BHP and Rio acknowledged they were in ongoing discussions with auditors from the Australian tax authority.
This wouldn’t be the first time Hockey hinders a major corporate deal in Australia.
Government claims it was not notified according to the law.
But the fund warned that only further tightening of fiscal and monetary polices would contain the country's large deficits.
A chart by the Wall Street Journal shows that capital expenditures by the big oil companies are exceeding cash flow at a higher rate than the major miners.
The firm said poor coal prices meant it would not make sense to extend the life of the mine.
Debt for equity swap deal for 49% of top ten Russian oil producer could be worth as much as $3 billion.
The cuts include scaling back some operations and deferring projects. Further job cuts to follow.
The new rules only apply to future payments and not amounts already owed.
Outcome will say a lot about the long-term prospects for the industry.
The firm expects production at Ferrobamba, one of the four deposits that make up Las Bambas project, to start early next year.
The miner, one of the biggest exporters of South African coal, may re-open those operations if economic conditions improve.
Newly elected President Edgar Lungu wants to keep mining royalties at 20%, as opposed to the 6% companies were paying a month ago.
The global miner and commodities has estimated spending on oil projects for this year and next of $2 billion and $1 billion on coal expansions.
The situation may soon change, as authorities have began talks with the country’s top miners, signalling the possibility of a compromise over the country’s new tax regime.
This is Aaron Regent’s first acquisition since founding Toronto-based Magris Resources.
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