Anglo American to cut 85,000 jobs, dividend and assets in sweeping restructuring
The job cuts, part of a major overhaul, are far greater than the 53,000 positions the miner said it would cut in July.
Cecilia Jamasmie , Editor-in-Chief
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Rio Tinto axes spending forecast by $1.5 billion
Once again the world's second largest mining company has cut its spending forecast for 2016, as iron ore hit new lows.
Canadian Arctic readies for world’s largest diamond mine opening
The Gahcho Kué mine will take in a number of the hundreds of workers laid off at Snap Lake.
Adani wants opposition to its coal mine in Australia to be over by law
The company wants an "indisputable and final" go-ahead for Carmichael, considered Australia’s largest thermal coal project ever.
More than 400 jobs to go at South32 manganese mine in South Africa
The country's largest mining union said it had received notice from South32 about the planned cuts and wants the government to intervene.
Glencore axes jobs, coal output at Australia’s mine as price collapses
The company will start cutting nearly 80% of its workforce at its Collinsville coal mine in March next year, as it dials back mining at the site.
Anglo American set to announce dividend cut next week
One of the miner’s worst kept secret may be revealed as soon as Tuesday.
Down again: iron ore sinks below $40 a tonne
It hit $39.40 a tonne, the lowest price ever recorded by price assessor The Steel Index (TSI), which began compiling data in 2008.
China’s steel giants lost $11 billion in first 10 months of 2015
That is more than double the profits reaped in 2014.
Giant mine pit ‘swallowing’ 400-year-old Peruvian town
The Peruvian city of Cerro de Pasco, perched high up in the Andes, is about to sink — literally and metaphorically — into the deeps of a half-century-old, open-pit zinc and lead mine.
Savannah nears full ownership of Barroso lithium lease
The Aldeia lease transfer would expand Barroso’s resource base as Savannah targets EU lithium supply and advances permitting.
