Vale posts profit slump, hit by price drop

Due to the urgent nature of the threat, a rapid risk assessment will begin led by global environmental firm Tetra Tech Coffey, which prepared the report.

The Committee for Disaster Risk Management said the area is at high risk of further cracks or sinking near the Alcaparrosa mine.

The world's largest copper producer named Andre Sougarret as its new chief executive.

The restart plan involves de-bottlenecking and completing critical capital projects and building up stope ore inventory to achieve a more efficient ramp up.

The facility will make Rio the first primary aluminium producer in North America to incorporate recycled post-consumer aluminium into aluminium alloys.

The Australian miner knocked back a takeover bid from BHP Group earlier this month.

The soaring profits unveiled by Australian miners this week were a beacon of light amid the gloom dominating economic headlines.

World’s largest copper producer blaming lower recovery levels and ore grades at the Chuquicamata site, as it also deals with fatal accidents halting some construction works.

The rare earths producer reported net profit after tax of $377 million for the year.