June 21, 2016 Rio Tinto to boot iron ore chief in fresh management shake-up Andrew Harding, once tipped as the most likely person to take the company’s reins, is being replaced by Chris Salisbury, currently leading the copper and coal division.
June 20, 2016 Samarco said to be in restructure talks 30 million tonnes per year iron ore mine owned by BHP and Vale idle since November.
June 17, 2016 Australian mining industry cautioned to protect their assets Despite only taking several minutes online, and costing less than the morning newspaper and cup of coffee, many Australian businesses are failing to protect their legal rights of ownership.
June 16, 2016 Samarco iron ore won’t restart this year Vale-BHP joint venture was shut after deadly dam spill in November – Samarco produced a fifth of global seaborne iron ore pellets supply before the disaster.
June 15, 2016 China’s exhausting its gold reserves at 5 times the global rate New report shows China extracted nearly one fifth of its gold reserves last year – the global gold production to reserve ratio is only 3.8%.
June 15, 2016 Gold, copper price jumps spark major mining stocks rally Broad-based advance for mining majors as gold price touches $1,300, iron ore holds $50 and copper price surges 4%
June 14, 2016 $5.8 billion lawsuit over BHP-Vale disaster dismissed Companies still face another much bigger civil action over November's deadly tailings dam burst at its Samarco iron ore mine in Brazil.
June 13, 2016 CHART: Metals, mining stocks outperforming all others Gold is up more than 20% in 2016 but gold mining equities have doubled and the sector as a whole has returned 53%.
June 13, 2016 Major mining assets change hands after commodity rout Large mining companies are selling off some of their prized assets after the prolonged global commodities markets rout left some with high levels of debt.
June 10, 2016 Police investigation finds BHP-Vale Brazilian venture at fault for dam collapse Eight executives will also face charges, although the police did not disclose their names.
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