Iron ore nears $80 a tonne
Prices for the steelmaking material have increased almost 50% since its 2017 lows.
Latest Stories
Polish coal mining swings to profit on prices, restructuring
According to the Industrial Development Agency (ARP), net profit at Polish coal mines stood at 1.45 billion zlotys (US$400.06 million) in the first half of the year compared to a 800 million zlotys loss a year earlier.
Glencore’s Zambian unit may shed 4,700 workers on power shortages
Mopani Copper Mines, Glencore’s Zambian unit, said on Tuesday it may lay off nearly 5,000 workers due to a dispute with its […]
Copper rally lifts Antofagasta’s profits — up 88% in first half of 2017
The miner believes a tightening global supply of copper will keep prices on the high-end of the spectrum this year and next.
BHP exiting oil and gas
After posting a fourfold rise in profits, world's number one mining company now "actively pursuing options to exit" its US oil and gas business bought for $20B six years ago.
Miner Fortescue returns record dividend as profit leaps
World number 4 iron ore miner Fortescue Metals Group said on Monday it will pay a record-high final dividend after more than doubling its annual profit, and plans to give more of its profits to shareholders in the future.
Iron ore price jumps again – up 47% in two months
Another big day on Chinese futures markets as seaborne iron ore prices approach $80 a tonne.
Gold was chemically destined to be money all along
I think most of you reading this right now are aware that gold is unlike any other metal, certainly any other element.
Zambia restores full power supply to First Quantum mines
Zambia's state power company reduced electricity supply to two First Quantum copper mines because the mining firm had failed to pay the new flat electricity tariff.
