Glencore has already restarted its Collinsville mine in Queensland and there are at least seven other coal operations set to resume production before year-end.
Iron Ore Mining News
The company, which began exploring the area in March this year, said that specialists from its joint venture partner Alrosa are reanalyzing 80 tonnes of samples that were sent to South Africa.
Iron ore price tops $60 a tonne after 5% jump – Chinese futures trading halted after maximum daily movement reached.
Shares were up more than 5% after the firm posted higher output across all divisions, except for copper, and said market conditions for its diamond business had improved.
Brazil's suspended iron ore producer Samarco misses another payment on its $3.8 billion debt as it struggles to stay afloat following deadly dam burst.
While quarterly earnings beat analysts expectations, revenue fell short of estimates and CAT also lowered its full-year guidance.
The world’s largest heavy machinery maker has logged a 18% drop in global sales of machinery for the three-month period ended in September.
He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.
If convicted, accused executives could face sentences of between 12 and 30 years in prison.
Smaller rival Fortescue Metals went the opposite way — it increased iron ore exports by 5% in the Sep. quarter.
BMI predicts that in 2017 nickel prices will start to moderately decline, as the global market moves into 27.2 thousand tonnes surplus.
He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.
"We challenge dated stereotypes about jobs in the resources industry.”
BHP is not the first major player to flag green shoots in the mining industry. Caterpillar, the world's largest heavy machinery maker, said the same last month.
Jim Umpleby, group president for energy and transportation, will succeed Oberhelman as chief executive.
Western Australia, which hosts the Pilbara iron ore belt, has a 67% chance of getting more than the average 11 tropical cyclones from November to April.
The move comes about 17 months after her children — John Hancock and Bianca Rinehart — won control of the family fund.
Advocacy groups are taking issue at the Mining Arch of the Orinoco River National Development Strategic Zone.
South Africa has granted the miner, a unit of Anglo American, previously disputed mining rights at the operation, ending a seven-year dispute.
Chinese traders back from week-long holiday continue to chase steelmaking raw materials.
World Bank pulls out of $20 billion Simandou iron ore project in Guinea, West Africa.
Minister Kayode Fayemi is negotiating a $500 million investment fund with the Nigerian Sovereign Investment Authority.
" Despite the uncertainty around global metal prices, Quebec Premier Philippe Couillard has thrown his support behind a project that has the potential to be transformational for the north of his province."
While met coal is clearly the star performer, thermal coal is probably the biggest upset – seaborne prices have jumped 65% in 2016 to above $80 a tonne.
The company believes the market is set to move back into balance in 2017, with demand to exceed global supply.