Australia slashes iron ore price forecast 20%
Dept of Industry says loss-making mines are staying open for longer than expected aggravating oversupply.
Latest Stories
Gold price takes US jobs in stride to 2-year high
Gold falls after much stronger than expected payroll number in the US, but quickly recovers to trade back within shouting distance of two-year high.
China, Russia mull setting joint gold mining fund
The new investment fund would focus on financing gold mining projects in eastern Russia.
Deutsche Bank ditches coal investments
The German banking giant is the last lender to pull back from the embattled coal sector.
BHP Billiton’s Olympic Dam set to reach highest copper production in a decade
Red metal production at the copper-uranium mine is expected to hit around 230,000 tonnes by 2021, but there is potential for up to 450,000 tonnes per year.
Value of Chilean copper exports at financial-crisis lows
New data shows the first six months of 2016 were tough for Chilean copper producers.
Angst-ridden Japanese investors seen seeking haven in Swiss gold
Japanese investors are buying gold to store in Switzerland because of negative interest rates and fears the yen will depreciate as the government grapples with the heaviest public debt burden in the developed world.
Growing glut will put pressure on iron ore prices: analyst
Recent upticks in the price of iron ore will turn out to be shortlived, and the price will likely drop from here, according to an analyst whose contrarian view was aired on Business Insider.
INFOGRAPHIC: The story of the Golden Triangle in British Columbia
Billions of dollars of undiscovered gold, silver, and copper still sit within an unexplored area that was once remote. However, only now can these world-class deposits be finally tapped.
