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

Year-end inflection points: Dead ahead

It’s widely expected that the ECB and US Fed will drift even further apart in their basic policy stances this month.

December 7, 2015

Australia’s convention showcases emerging technologies for the mining sector

Aiming to become the premier technology innovation event for the resources sector in Australia, Unearthed Demo Day will showcase some of the sector’s most exciting technology startups and facilitate a…

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

Adani wants opposition to its coal mine in Australia to be over by law

The company wants an "indisputable and final" go-ahead for Carmichael, considered Australia’s largest thermal coal project ever.

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.