Iron ore price up despite Chinese power curbs

Of all the mining-town booms spawned by China’s insatiable appetite for minerals, few were as epic as that of Australia’s Port Hedland.

According to a paper in Resources Policy, such compensation packages actively encourage managers to cut costs and increase production regardless of the risks associated with those decisions.

The International Council on Mining and Metals (ICMM) has picked someone outside the industry to oversee an initiative aimed at setting new dam safety standards for miners.

All of the tailing dams are located in the Brazilian state of Minas Gerais.

New study plotting US equities against raw material prices going back to 1970 points to 112% upside for commodities just to return to trend.

In April, ethical investors working on a global standard for tailings dams had written to 683 listed resource companies, including major miners, asking for information to be made public within 45 days about every facility they control.

China's iron ore dipped on Thursday and marked its weakest weekly performance in nearly two months.

The race to mine Guinea's iron ore has started although the focus is not on its giant Simandou deposits but on smaller finds whose output could be transported via Liberia if ArcelorMittal shares its railway.

Brazilian mining giant Vale SA said on Wednesday it had created the new role of executive director for safety and operational excellence.