August 13, 2015

BHP Billiton: Celebrating 130 years of history

BHP Billiton is today celebrating the 130 year anniversary of the incorporation of BHP and its significant contribution to the Australian economy and society for more than a century.

August 13, 2015

Huge blasts at Chinese port disrupts iron ore, oil shipments

Two huge explosions at the port of Tianjin, the world's 10th largest, have killed at least 50 people and devastated the area.

August 13, 2015

Glencore hit by $790 million writedown, cuts spending

The company's action on spending follows sharp falls across commodity prices this year.

August 13, 2015

Global gold demand hits six-year-low as China, India buy less

Total bullion demand dropped 12% in the second quarter of the year, due in part to directionless prices, the WGC says.

August 12, 2015

Iron ore price rally safe from yuan devaluation

High cost domestic Chinese iron ore mines will stay shut, boosting already surging imports.

August 12, 2015

Most Chinese rare earth miners running at a loss — report

About 90% of China’s rare earth producers are currently operating at a loss as prices for the coveted elements continue to drop due to a global glut and illegal mining.

August 12, 2015

Japan’s comeback to nuclear power good news for Australia

Japan has been a long-standing market for Australian uranium exports, providing around one-third of their total uranium supply, valued at around $250 million.

August 12, 2015

Commodities, mining stocks sinking as China devalues its currency again

But gold is, so far, profiting from the situation, heading for its longest winning streak in three months.

August 11, 2015

China’s devaluation of Yuan hits miners, commodities

The decision of the People's Bank of China (PBOC) to devalue the yuan by 1.9% sent most mining stocks and commodities down the slippery slope.

August 10, 2015

Here is how Rio Tinto intends to cut costs by $1 billion

The mining giant is watching every single expense, including those related to safety equipment.