January 30, 2015 Commodity slump forces BC Iron to quit Brazilian project, revalue mines The Australian junior iron ore producer is also studying whether it needs to write down the value of any assets ahead of next month’s half-year result.
January 30, 2015 BHP axing up to 300 Olympic Dam jobs The decision caps off a dreadful month for South Australia’s mining sector.
January 28, 2015 Anglo American set for commodity slump-triggered charge The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.
January 27, 2015 Another day another iron ore price drop Another slide on Tuesday drops iron ore price 13.4% year to date, but latest forecasts see another double digit dip from current levels.
January 27, 2015 Freeport-McMoRan slashes capital spending, to divest stake in Indonesian unit The U.S. largest miner by market value and revenue has already slashed its capital budget for the year by $2bn and it is ready to make further cuts.
January 26, 2015 The bottom is falling out of the iron ore price Down 4% to fresh five-and-half year low.
January 26, 2015 Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia Documents obtained and verified by The Australian, show that Rio Tinto offered Mongolia to forsake a “net smelter return” of 2% cent of the project’s revenue.
January 26, 2015 Mongolia’s bonds slump with copper as spat with Rio stalls mine Mongolia’s dollar bonds and currency sank to record lows this month as a slide in commodity prices and a dispute with Rio Tinto Group over developing one of the world’s…
January 26, 2015 Kosovo miners return from underground, ending 3-day strike Hundreds of miners in Kosovo are back on shift following a three-day work stoppage to protest against the Kosovo government, which backtracked on an earlier decision to take control of…
January 23, 2015 Anglo American mulls sale of more coal mines in Australia The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.
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