December 8, 2015

DRA diamond plant recovers huge diamond at Karowe

Johannesburg based engineer and project delivery company DRA Global has commented that it is pleased and proud that its innovative process plant designs have assisted in the recovery of very…

December 8, 2015

Anglo American to cut 85,000 jobs, dividend and assets in sweeping restructuring

The job cuts, part of a major overhaul, are far greater than the 53,000 positions the miner said it would cut in July.

December 7, 2015

More than 400 jobs to go at South32 manganese mine in South Africa

The country's largest mining union said it had received notice from South32 about the planned cuts and wants the government to intervene.

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

Anglo American set to announce dividend cut next week

One of the miner’s worst kept secret may be revealed as soon as Tuesday.

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 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

Rio Tinto unveils one of largest diamonds ever found in Canada

The 187.7-carat Diavik Foxfire diamond will be showcased in London before returning to Antwerp for detailed assessment.

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.