MINING.COM

BHP ditches Olympic Dam as profit tumbles

The world's number one miner, BHP Billiton, has delayed its $30 billion Olympic Dam copper-uranium expansion and said no major projects would be approved until June 2013 as it tries cutting costs.

Cecilia Jamasmie | August 22, 2012 | 12:59 pm

BHP boss bucks bonus

Marius Kloppers, CEO of mining giant BHP Billiton, has decided to waive his annual bonus in light of a recent forecast in which BHP's revenues are projected to drop 38%

Joshua Zapf | August 21, 2012 | 10:46 pm

Philippine miners duck taxes by selling gold on the black market

Philippine gold production dropped by over half, but the reduction may have more to do with tax policy than actual output.

Michael Allan McCrae | August 20, 2012 | 9:57 pm

That $110 iron ore price floor: Gone!

Iron ore has only enjoyed three up trading days over the last six weeks.

Frik Els | August 20, 2012 | 6:50 pm

Iron ore red alert: China’s steel output could shrink for the first time in 31 years

Given Chinese officials' penchant for painting rosy economic pictures, it is something of a big deal when a state-backed institution such as the China Iron and Steel Association makes such a bearish call.

Frik Els | August 20, 2012 | 12:10 am

Glasenberg won’t budge on Xstrata

Glasenberg’s determination to continue with the offer as originally planned comes amid growing signs that Xstrata is more confident of its position on a stand-alone basis.

Frik Els | August 19, 2012 | 12:37 am

First Karnataka iron ore mine restarts, but export ban stays

The restart of iron ore mining in Karnataka amid multi-year low prices for the commodity is not seen to impact the global seaborne trade in the near-term.

Frik Els | August 19, 2012 | 12:02 am