Atlas Iron to take a $900 million write-down
It said the exact amount of the impairment is subject to forecast iron ore prices, exchange rates and market conditions when assessed on December 31.
Latest Stories
Myanmar villagers in tense standoff over China-backed copper mine
Three people were injured after police used rubber bullets to quell protests in the same village where a woman was shot and killed yesterday, in the latest bout of violence to mar the project in recent years.
BHP, Rio, Anglo fear effects of Chile’s new labour bill
The new law could seek to limit mining companies' ability to replace workers during strikes.
GDXJ re-balancing pummels these 5 gold developers
Needless to say, the ETF which mirrors the junior resource markets, hasn’t performed well.
Australia cuts iron price forecast 33% on ‘structural change’
The severity of the slide in iron ore prices appears to have caught even the top exporting country's Department of Industry by surprise.
Dollar, oil wallop gold price
Gold price weakens sharply into holiday season as gold-oil ratio hits highest since February 2009.
Murenbeeld: Gold price to climb in 2015
Closely followed market commentator Martin Murenbeeld – chief economist at Dundee Capital Markets – feels gold market is "finally turning".
Federal court hands win to First Nations over Canadian gov’t re contentious omnibus bills
Ottawa should have consulted First Nations before introducing two omnibus bills that sparked the "Idle No More" protests, in 2012.
Metso to divest its Tampere foundry to TEVO
Metso has concluded the study related to Tampere foundry announced in 2013. As a result Metso will divest the Tampere foundry to a Finnish company TEVO. The new owner will continue the foundry operations under the TEVO-Lokomo name at the foundry's current premises in Tampere.