September 7, 2015

Glencore fights back — to slash debt by $10bn, halt copper mines in Africa

Mounting pressure from investors has forced the firm to come up with a $10 billion package of debt-reduction measures.

September 4, 2015

World’s top 5 miners lose $540 BILLION market worth

CHART: The commodity slump has slashed major miners' market valuations to 60–88% below 2011 highs.

September 4, 2015

Glencore’s just had one of its worst weeks ever — shares down 22 pct

The company, already the worst performer in the FTSE 100 index in 2015, has lost almost 60% of its value since the beginning of the year.

September 3, 2015

Mining lawsuit of the century just got a lot uglier

Rio Tinto alleges Vale enlisted Ernst & Young "to cover up and sanitize its conspiracy with BSGR" to strip half of the Simandou iron ore deposit from Rio.

September 3, 2015

Western Australia premier calls end of mining downturn

Premier Colin Barnett says the mining downturn has bottomed but warns the next 12 months will be risky for minerals companies.

September 3, 2015

Investigation launched into Mongolian iron ore mine financed by European Bank for Reconstruction and Development for impacts on local communities

The investigation comes in response to a complaint filed to the EBRD’s Project Complaint Mechanism (PCM) in December 2014 from herders affected by the project.

September 2, 2015

Iron ore price extends gains

But summer likely only the "calm before the storm".

September 1, 2015

China factory data roils copper stocks – Freeport falls 9%

Billions wiped from mining sector as Chinese manufacturing activity contracts to a six-and-half year low.

September 1, 2015

Clive Palmer’s Mineralogy takes Citic to court in A$10 billion lawsuit

The fresh legal action is part of an ongoing dispute between the parties over mining royalties in Western Australia.

August 28, 2015

Iron ore price rallies again

A more than 4% jump on Friday erases week's losses and brings gains since July low to 28%.