Vale reaffirms iron ore output forecast after court decision

Prospecting is of course the integral first step in the process of discovery, walking the bush and hammering rocks means boots on the ground. It's people walking through the bush that have found the worlds mines.

Number five is a single pit that produces 77 million tonnes of iron ore per year.

The Minerals Council of Australia asked Turnbull to use his advocacy skills and economic know-how to help the struggling mining sector.

Growing importance of lump ore trade sees the launch of world first derivative contracts and a jump in premiums.

With the markets in whiplash mode, Joe McAlinden, founder of McAlinden Research Partners and former chief global strategist with Morgan Stanley Investment Management, believes volatility is going to stick around for a while, and we might see a correction double of what we've had so far.

The expansion, which would add about a dozen years to the mine, would begin construction in 2016 with mining starting in 2018.

Australia-listed Northern Iron warns of "material uncertainty of cash flow" and inability to extend debt maturities.

Another surge on Thursday as Chinese stockpiles continues to decline.

Rio's already cut $1bn fat in the Pilbara–autonomous vehicles and data analytics will save another $200 million a year on maintenance over the next 3 years.