The miner has responded to deteriorating market conditions by slashing spending and cutting jobs, mostly at its North American operations.
The former superstar of rare earths mining said it has decided to put the California facility on "care and maintenance" mode by Oct. 20 due to weak prices.
The country's mining ministry hopes to clinch a deal with mining companies and trade unions next week aimed at saving jobs.
New South Wales planning authorities say a scaled-back plan to extend the life of Anglo’s Drayton South open-cut mine in the Hunter Valley can be approved, but with certain conditions.
Report claims that noise from tanker traffic causes heightened levels of stress for the North Atlantic right whale, hindering the mammal’s ability to communicate.
The world's leading commodity trader stock slumped to a record low Wednesday after it revealed it swung to a steep first-half loss of $676 million.
The company had said in June it lacked the inside edge to make owning the precious metal worthwhile.
Companies turn to shallow, highly mechanized new mines to keep costs low.
The company's action on spending follows sharp falls across commodity prices this year.
The company, which runs the massive Grasberg mine in Papua, has stopped exporting since last month.
Prices of the metal have been fallen in the second half of this year as the prospect of a rate rise, the first since 2006, would lift the opportunity cost of holding bullion.
South Africa President Jacob Zuma asked mining and steel companies to limit job cuts as falling commodity prices put profits at risk.
Codelco, the world's No.1 copper producer, confirmed it will start legal actions against protesters this week.
Talks are set to resume on Wednesday, Aug. 12.
Mining Minister Ngoako Ramatlhodi has decided to conditionally withdrew a licence suspension ordered earlier this week.
His comments follow this week's decision by the federal court of Australia to overturn government approval for the construction of one of the biggest coal mines in the world.
South Africa’s top gold producers believe it is highly likely that unions agree to take the latest pay offer presented to them, marking the end of almost 5 weeks of negotiations.
A group of demonstrators, however, continued to block some access roads on Thursday morning, attempting to seize a bus that was heading to the nearby Gabriela Mistral mine.
Things took a turn for the worse Friday, when a worker was shot dead by police near the company's smaller Salvador mine in northern Chile.
As 85% of Chinese thermal coal producers and 35% of miners focused on the metallurgical kind are now running at a loss.
The spending decline comes as U.S. coal miners struggle to clear hurdles on the federal level, including both newly proposed measures and regulations already being implemented.
“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”
Global miners could be at risk of losing valuable exploration and operating licences unless they step up their efforts to award work to suppliers in the locality of contracts.
It had said in January that the closure of its Optimum coal mines would put over 1,000 jobs at risk.
A wave of bankruptcy is sweeping an industry already hit by competition from inexpensive natural gas, tougher environmental rules and a global coal glut that has decimated prices.
This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.
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