Smaller miners are waiting for production cutbacks by the market leaders to prop up prices the way Saudi-Arabia comes to the rescue of oil producing nations whenever the crude price begins to flag.
The prospectus giving details of the creation of a $90 billion mining and commodities trading behemoth will find its way to the inboxes of shareholders this week.
Gina Rinehart's Hancock Prospecting which is hiring 1,700 foreign workers for the Roy Hill iron mine were absent from the Australian mining association job fair in Perth and so were the $9.8 billion project's main contractors.
A federal judge has lifted a temporary restraining order to allow continued mining operations at the Nellis surface mine in Boone County, W.Va., which is owned by Penn Virginia Resource Partners LP's Loadout LLC unit.
Australia’s government announced Friday it will allow a new mine to hire about 1,700 foreign workers to alleviate a labour shortage threatening the resources boom.