December 9, 2015 US coal industry on board ‘slow-motion train wreck’— report Analysts from McKinsey and Co. warn the U.S. is currently home to a collection of “zombie mines” that cannot turn a profit, but are too costly to close.
December 8, 2015 Chinese commodity demand: Crisis. What crisis? In volume terms Chinese imports of commodities led by iron ore and copper surged 17% in November, the best month in nearly two years.
December 8, 2015 Rio Tinto axes spending forecast by $1.5 billion Once again the world's second largest mining company has cut its spending forecast for 2016, as iron ore hit new lows.
December 7, 2015 Glencore axes jobs, coal output at Australia’s mine as price collapses The company will start cutting nearly 80% of its workforce at its Collinsville coal mine in March next year, as it dials back mining at the site.
December 4, 2015 Down again: iron ore sinks below $40 a tonne It hit $39.40 a tonne, the lowest price ever recorded by price assessor The Steel Index (TSI), which began compiling data in 2008.
December 4, 2015 China’s steel giants lost $11 billion in first 10 months of 2015 That is more than double the profits reaped in 2014.
December 3, 2015 India won’t replace China as top resources consumer India can support better an agrarian, low-earning, population than China can, which is a limit to growth in itself.
December 2, 2015 The iron ore price is in free-fall Following a heavy selloff in November, iron ore is down another 7% just this week with no support in sight.
December 2, 2015 World’s two biggest miners walking away from coal, but they are not telling BHP Billiton and Rio Tinto have significantly cut their investments in coal, while repositioning behind the scenes.
November 30, 2015 Even the iron ore price will bottom Big three close to falling victim to their own scorched earth strategy.
Trump streamlines permitting for deep-sea miners NOAA’s new rules, which take effect immediately, consolidate applications into a single, shorter review period. January 21, 2026 | 10:09 am
