About 500 workers will lose their job.
According to The Times, Rio flagged the possibility of a writedown in August.
Over 500 rescue personnel, two planes, three helicopters, 25 ambulances and 97 other vehicles continue to carry out the search and rescue work.
Twenty workers have either been rescued or escaped on their own from the flooded coalmine, but hopes are fading for the remaining 18 trapped underground.
Water levels inside the mine keep rising and rescue crews had made no contact with the trapped workers.
Instead of paying for mine equipment and services, the former project director sent the money to private bank accounts in Barbados and London.
Initial media reports said the collapse occurred after water that had built up inside the mine coursed into areas where the workers had been located.
The U.S. largest miner by market value and revenue is also dealing with a strike threat at its Indonesia's Grasberg copper and gold mine, which recently resumed operations.
The company is approaching the end of a decade-long, US$8.3-billion investment program to boost its potash production capacity.
The equipment maker beat analysts' expectations and the stock is skyrocketing in premarket trading.
The equipment maker is scheduled to report third-quarter earnings Thursday.
The controversial duties, imposed earlier this month, will be eliminated once ongoing negotiations on a free trade agreement (FTA) between the two nations is finalized.
Planners ruled Anglo’s 100 million-tonne project was a threat to the Hunter Valley's thoroughbred and tourism industries.
He has also insured 280 employees who have been with the company for more than a decade to the tune of $160,000 each.
Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.
The sudden reversion to protectionism is designed to save the local coal industry.
Anglo's chief warned the company plans to take severe measures over the next two years.
The state government submitted an application to the federal government for 3mn m³ of dredging material to be disposed on land.
Mining giant Rio Tinto will face protests around the world on Oct. 7, in a coordinated day of defiance by thousands of its employees.
The gold price fell to a nine-month low and silver dropped to its lowest level in more than four years as the strengthening dollar and the lack of concern over ongoing geopolitical trouble spots continue to pressure precious metals.
Operations, however, won’t resume until at least Oct. 7.
Protesters are demanding management to review safety conditions following a fatal accident on Sept. 27.
30,000 tonnes of copper concentrate were sent out Monday.
Companies said over-staffing in the current environment was threatening the viability of their Australian operations.
The announcement marks the end of a long-dragged dispute between the Colorado-based miner and Southeast Asian nation.
Close to 2,800 miners at Chile's Escondida mine, jointly owned by BHP Billiton and Rio Tinto, did not show up for work Monday morning, iddling a 1.2 million tonnes a year operation.
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