Vale to relocate 50 people near dams, expanding ‘safety zone’

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.

Chinese iron ore futures soar 5% after government pledges to speed up infrastructure spending since some sectors like telecoms are only "30–40% completed".

Deutsche Bank recently provided a graphical snapshot that covers the returns of a wide span of assets both YTD and since the mid-August meltdown.

Mounting pressure from investors has forced the firm to come up with a $10 billion package of debt-reduction measures.

CHART: The commodity slump has slashed major miners' market valuations to 60–88% below 2011 highs.