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 4, 2015

Rio’s secret weapon for a sub-$40 iron ore price

The price of iron fell again on Thursday stopping barely above $40 a tonne, but Rio's new high-grade Pilbara mine will ensure its costs keep falling.

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.

December 2, 2015

Mining exports continue to support Australia’s growth

Despite tougher market conditions, Australian miners have continued to drive record export volumes.

December 1, 2015

Gina Rinehart’s Roy Hill iron ore mine readies for first shipment

Roy Hill iron ore mine will soon start exporting the steelmaking material, just as prices hit a fresh seven-year low.

December 1, 2015

BHP Billiton to slash copper production costs, increase output

The miner expects to lower production costs to $1.08 per pound during the 2017 financial year, from a projected $1.21 per pound in the year ending June 2016.

November 30, 2015

Even the iron ore price will bottom

Big three close to falling victim to their own scorched earth strategy.