BHP posts second straight year of record iron ore production, beats estimates
The world's largest listed miner said iron ore output from Western Australia on a 100% basis was 76.8 million tonnes in the three months to June 30.
Russian rescuers continue searching today for four miners missing after a flood in a mine in the Kemerovo region in Siberia, while experts inspect the site to find the causes of the accident, reports The Moscow Times.
According to a statement posted on the regional Emergency Situation Ministry’s website, the collapse and flood in the Osinnikovskaya coal mine occurred during maintenance work to lower the liquid level.
Osinnikovskaya mine is one of the oldest coal companies in the region, in the Kuzbass coal basin, and belongs to the company Yuzkuzbasugol, part of the consortium Evraz, one of the largest in the international metallurgical sector.
The accident, reports Reuters, may lead to a 15% decrease in coal production for Evraz, undermining its self-sufficiency in coking coal.
