Malaysia imposes anti-dumping duties on China, Japan, S.Korea and Vietnam steel imports

The Canadian miner became the latest victim of slumping iron ore prices.

Iron ore price plummets again on reports Beijing may force 40% of China's steel mills to shut down amid pollution crackdown.

Despite their recent underperformance, David H. Smith, Senior Analyst with The Morgan Report, remains bullish on precious metals, especially silver and palladium, as the "love trade" heats up and the global economy adds more debt to the system.

3.6% plunge to just above $50 a tonne on Tuesday brings year to date losses to 28%.

The main point of contention is the fact that mining companies believe that once they reached a 26% black ownership, they effectively complied, no matter where the percentage is at now.

Iron ore price falls more than 2% on Monday bringing 2015 losses to 25%. Next stop $45 a tonne says new report.

The mining giant has also asked for local laws to be flexible enough to keep pace with other countries.

A chart by the Wall Street Journal shows that capital expenditures by the big oil companies are exceeding cash flow at a higher rate than the major miners.

Vale's Murilo Ferreira has been nominated as Petrobras' next board chairman, while the company still scrambles to deal with the fallout from a vast corruption scandal.