Rio Tinto’s Q2 iron ore shipments miss after May train derailment
The world's largest producer of iron ore shipped 80.3 million tons of the steel-making commodity in the quarter.
Peabody Energy has teamed up with ArcelorMittal to offer $5 billion for Australia’s Macarthur Coal , the world’s biggest producer of pulverised coal, as demand for steel-making raw materials intensifies.
The cash offer of A$15.50 a share represents a 40-percent premium to Monday’s close and comes just a day after Australia unveiled a plan to tax carbon emissions from the nation’s worst polluters, or about 500 companies, including coal miners.
