Prices for the raw material have dropped below $90 a tonne as doubts gather about the strength of demand in China at stockpiles hit record highs.
Rio Tinto Mining News
The company is currently analyzing options to resume work as soon as possible, which includes hiring temporary workers to replace those that have downed tools.
He joins a growing list of chairmen who are leaving some of the world's' top mining companies, including BHP Billiton and Anglo American.
Strike at Freeport's giant Peru mine takes offline world's three biggest mines, but worries about demand drops copper after huge jump in warehouse stocks.
The country’s copper output is predicted to have fallen by 12% last month when compared to February 2016, while GDP dropped 1%.
Sam Walsh's bonuses, potentially worth millions, had been delayed for at least two years as investigations continue into dubious payments related to Simandou iron ore project in Africa.
Incidents come despite a local judge ruled late Tuesday that a deferred payment from 2016 should go out to workers within 48 hours.
Industry observers believe Yancoal will face several challenges when trying to complete a $2bn equity issue to finance the acquisition of Rio’s coal mines in the Hunter Valley.
The shortage of copper predicted for the next five years has the potential to skyrocket prices due to upcoming supply issues.
The target group was the the top diamond consumer in 2015, a year in which most commodities plummeted, hitting the mining industry very hard.
The company is reviewing its copper output guidance for 2017 as industrial action at its largest copper mine enters its third week Thursday.
A reworked sale process for plants located in the southeastern city of Cubatão was reportedly launched in recent days.
The meeting is not a return to mediation but an attempt to agree to return to the negotiating table, the union said.
Copper hits 20-month high after world's number one miner says can't honour supply contracts from Escondida, responsible for 5% of global output.
Shareholders will be the main beneficiaries of the company's cautious approach to capital expenditure in the last three years as it will pay bigger-than-expected divvy of $1.70 per share.
The Madhya Pradesh government will take ownership of the assets, including all the land, plant, equipment, and diamond samples recovered during exploration.
The company's request for government mediation effectively extends talks and pushes back the start of a potential strike to Feb. 13.
Higher commodity exports delivered a record trade surplus of $3.5 billion in December, the second monthly trade surplus Australia has recorded in nearly three years.
Strike could begin as early as Friday, but will likely be postponed for a five-day government mediation to attempt a resolution.
Chile closes ports servicing some of the world's biggest copper mines due to rough seas while Escondida strike looms.
Shares were up more than 45% on Tuesday mid-morning after it announced that joint venture partner Rio Tinto will start drilling for uranium at the company's asset in Saskatchewan.
The world’s second-largest miner has agreed to sell its Coal & Allied Industries Ltd. subsidiary to Yancoal Australia Ltd., controlled by China's Yanzhou Coal Mining.
The amicable divorce ends a six-year-old exploration joint venture originally set to find copper deposits in China.
Dhamani joins an exclusive group of master craftsman and luxury jewellers with access to a direct supply of Australia’s rare Argyle pink diamonds and entrusted with transforming Argyle pink diamonds into exquisite jewellery.
Bayan Khundii project went from greenfield prospect to being Erdene’s flagship asset in roughly nine months.