Sundance seeks $8.8bn in damages over canceled Congo iron ore project

They're pressing the company not only to accept a proposal by activist investor Elliott Management to spin off its US petroleum business, but to fully demerge all of its oil and gas assets.

Production for the first three months of the year slumped 37% compared with the same period of 2016.

Production of the steelmaking raw material jumped 11% to 86.2 million tonnes in the January-March period, compared to the same quarter a year earlier.

Another 5% iron ore price drop Tuesday slashes $30 billion from top 5 producers' market value in one month.

Another gap down Monday brings one-month drop to 30%.

The latest chapter in the Simandou case.

They have found valuable minerals atop an underwater mountain, which is basically a huge flat-topped mound of some of the scarcest materials on Earth.

Worries about Chinese economy and rising tension surrounding North Korea brings fear trade to mining and industrial metals.

Activist investor Elliott's proposals to break up BHP are riddled with “major flaws” and could end up costing far more to implement than they would save, the company said.