May 9, 2016 Major correction underway for mining stocks Monday mayhem as metals rally evaporates and mining's top names are dumped – Anglo's losses since a week ago now 28%, Freeport has plunged 25%.
May 9, 2016 Glencore buys major stake in troubled Aussie iron ore miner It now owns 8.47% of Atlas Iron, which gives Glencore direct exposure to iron ore production.
May 8, 2016 Goldman puts iron ore at $40 by year-end Goldman Sachs says iron ore will keep dropping throughout 2016, though not as much as it initially forecast, citing continued oversupply as the primary culprit.
May 6, 2016 Worst week for iron ore price since October 2011 Rout continues ahead of crucial Chinese import data.
May 5, 2016 Iron ore price drops below $60 Down 9% since Monday as Chinese speculators pull out and Rio Tinto CEO warns of oversupply.
May 4, 2016 BHP, Vale disaster turned into mining’s Deepwater Horizon Shares in mining giants tumble after civil suit in Brazil claims $43 billion in damages based on clean-up costs associated with BP's oil spill in the Gulf.
May 4, 2016 Metso to provide crushing-screening plant and life cycle services to Tata Steel’s Sedibeng iron ore mine in South Africa The delivery includes a five-year Life Cycle Services contract, which will bring Sedibeng increased production capacity and reliability while reducing production costs.
May 3, 2016 Diamonds add sparkle to Anglo’s improving outlook Moody's praises higher than expected valuation for the sale of the niobium, phosphate businesses and improving prospects for the global diamond market.
May 3, 2016 BHP, Vale hit with $44 billion lawsuit over deadly spill Civil suit demands over $2 billion upfront and also targets Brazil's federal, state governments over deadly dam burst at jointly-owned Samarco iron ore mine.
May 3, 2016 China scare drops mining stocks Factory conditions in China unexpectedly worsen for the 14th straight month raising fears that the rally on commodity markets in 2016 was losing steam.
China’s November net gold imports via Hong Kong more than doubled from October Spot gold prices have risen about 72% this year, hitting a record $4,549.71 an ounce on Friday, the biggest annual gain since 1979. December 29, 2025 | 07:35 am
