CHART: Covid-19 disrupts $6.9 billion of global mining output

The company will start cutting nearly 80% of its workforce at its Collinsville coal mine in March next year, as it dials back mining at the site.

One of the miner’s worst kept secret may be revealed as soon as Tuesday.

It hit $39.40 a tonne, the lowest price ever recorded by price assessor The Steel Index (TSI), which began compiling data in 2008.

That is more than double the profits reaped in 2014.

Supercycle meets Kubler-Ross.

The price of iron fell again on Thursday stopping barely above $40 a tonne, but Rio's new high-grade Pilbara mine will ensure its costs keep falling.

Following a heavy selloff in November, iron ore is down another 7% just this week with no support in sight.

Russia, Canada, Norway, Denmark and the United States are posturing for Arctic supremacy.

Concentrations of metals in Rio Doce river after catastrophic dam burst "do not significantly differ" from tests by Brazilian Geological Service in 2010.