May 20, 2014

CHART: Unnerving slide in iron ore price continues

This year iron ore is down 27% hitting a fresh low of $97.50 on Tuesday, echoing 2011 and 2012 when the price dropped by a third in a matter of…

May 19, 2014

Iron ore price drops to double digits

"Now that we broke through $100, I think that's a very bearish sign. It shows you there's a lot of supply around"

May 16, 2014

Iron ore price crashes to $100 on China steel crisis

Iron ore price gives up 2% on Friday falling to a 21-month low as Chinese steel price drops to record low.

May 16, 2014

Vale fires 500 coal miners in Australia, shuts down operations

Vale says mines are not economically feasible under current market conditions.

May 15, 2014

Mining deals in Canada plunge 51%, but light at end of tunnel getting brighter

Canadian mining and metals deals plunged 51% in terms of value and 13% when it comes to volume in the first quarter of 2014. Yet results show a sustained improvement,…

May 14, 2014

BHP Billiton announces major shake-up of non-core operations

The news comes of the heels of the creation of a new aluminum division, BHP Billiton Aluminum Pty Ltd.

May 14, 2014

Australian government eliminates mining tax

The announcement was part of the Federal Budget unveiled Tuesday night, considered the toughest in almost two decades.

May 13, 2014

BHP Billiton CEO speaks at Miami conference

The company has been trying to sell its 41.3% stake in Mount Nimba in Guinea since July 2012, as a boost to its plans to exit West Africa and focus…

May 13, 2014

Former Aussie coal magnate stages major comeback with $150m acquisition

Nathan Tinkler, the Australian electrician turned mining entrepreneur, has bought Peabody Energy’s Wilkie Creek mine in Queensland.

May 13, 2014

Northern Star to become Australia’s No.2 gold producer after acquiring Jundee mine

Jundee is expected to lift Northern Star's production from about 350,000 ounces a year to about 550,000 ounces a year by 2015.