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.
November 30, 2015 Iron ore keeps falling, drops below $43 a tonne If that sounds bad, then you might not want to hear that the most-active iron ore futures in Singapore sank Monday below $40 a tonne for the first time ever.
November 29, 2015 China to slash copper output by 5% Copper producers in China are taking drastic measures to arrest the plummeting price.
Zijin to buy Canada’s Allied Gold for $4B in cash A takeover premium, African assets and soaring gold prices highlight how miners are chasing scale as consolidation accelerates. January 26, 2026 | 03:43 am
