Vast Brazil lawsuit in UK against BHP over 2015 dam failure hits buffers

The miner's autonomous haulage system (AHS) fleet has already moved over one billion tonnes of ore and waste material within the Pilbara region of Western Australia.

The iron ore producer said shipments fell to 40.5m tonnes in the three months ended Dec. 31 versus 42.2m tonnes in the same period a year ago.

"We have not seen this kind of growth since before the global financial crisis."

Anglo American's Minas Rio iron ore mine in Minas Gerais state has nameplate capacity of 26.5m tonnes per year.

The company beat expectations on Thursday with a 5% increase in 2017 production.

The world's largest mining and construction equipment maker beat market expectations for fourth quarter earnings and said its sales growth momentum is expected to continue in 2018.

Receiving the necessary licences would allow the company to continue operating in the state of Minas Gerais, where the iron ore mine is located, for at least another 15 years.

Indian commodities billionaire said the rally in Anglo American Plc vindicated his personal bet in the mining group.

If for some reason, you still think that the commodity markets are predictable, today’s chart provides a nice piece of humble pie.