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 7, 2015

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.

December 7, 2015

Responding to a depressed mining market

The immediate reactive response from most mines is to cut: cut costs, cut employee numbers, and cut output.

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

China’s steel giants lost $11 billion in first 10 months of 2015

That is more than double the profits reaped in 2014.

December 4, 2015

The mining supercycle and its demise

Supercycle meets Kubler-Ross.

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

How to win in any market: 9 rules for contrarian investing

When it comes to investing, the first rule thing you need to learn is effective management of your emotions.

December 2, 2015

The iron ore price is in free-fall

Following a heavy selloff in November, iron ore is down another 7% just this week with no support in sight.