Iron ore, met coal prices plunge on Chinese steel meltdown
Wednesday sees more heavy losses with steel, coking coal futures on course for biggest one-day declines on record – iron ore drops 8%.
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Hedge funds have never been this bullish about copper price
Managed money speculators in copper futures in New York go long 1.9 billion pounds of copper – 55% more than the previous record.
Vale reconsiders selling $10 billion in core assets
Higher ore recovery and price realization may help Vale generate $2.2 billion next year in free cash flow, Chief Executive Officer Murilo Ferreira said.
Gensource Potash, Essel Group to jointly develop small potash mine in Saskatchewan
The agreement is EGME's second significant investment in the potash industry. In 2015, it acquired the exploration license for the Bada mine in Eritrea.
Horizonte to raise $11.2M to fund Brazil’s next major nickel mine
Araguaia, which hosts a proven and probable mineral reserve of almost 25 million tonnes grading 1.77% nickel, is expected to begin production by 2019.
Massive 3,000-year-old Celtic gold belt found in British farmer’s field
The torc is one of the largest and most spectacular ever discovered in England.
ASX slams door on Moly Mines, leaves 4,000 shareholders in limbo
Exchange rules the firm was not allowed to resume trading due to concerns about controversy-plagued Chinese majority shareholder Hanlong Group.
King of nothing
As a general rule, the most successful man in life is the man who has the best information.
Rio CEO: We’ll cut iron ore output to boost cash flow
Chief of world number two producer Jean Sebastien Jacques signals flexibility after moderating view of Chinese demand.
