December 8, 2015

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.

December 8, 2015

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.

December 7, 2015

Iron ore price reaches Sam Walsh ‘fantasy land’

Back in February RIo Tinto's CEO said an iron ore price in the $30s could never happen.

December 7, 2015

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.

December 6, 2015

Snap Lake had groundwater problems before closure

The groundwater was being stored due to high concentrations of dissolved solids including mineral salts.

December 6, 2015

BHP cuts 76 Canadian jobs, keeps building Saskatchewan potash mine

Anglo-Australian miner BHP Billiton PLC will cut 76 jobs from its Canadian potash operations due to low commodity prices, a company spokesperson said on Friday.

December 4, 2015

Anglo American set to announce dividend cut next week

One of the miner’s worst kept secret may be revealed as soon as Tuesday.

December 4, 2015

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.

December 4, 2015

Rio’s secret weapon for a sub-$40 iron ore price

The price of iron fell again on Thursday stopping barely above $40 a tonne, but Rio's new high-grade Pilbara mine will ensure its costs keep falling.

December 3, 2015

De Beers considering Snap Lake closure

Mine in Canadian arctic has never turned a profit.