China ‘war on coal’ to drive labour unrest — report
The country's renewable energy industry will benefit, as it is set to step in as a substitute for coal in the coming years.
The country's renewable energy industry will benefit, as it is set to step in as a substitute for coal in the coming years.
The company is said to be wanting to offload its Barro Alto nickel mine and the vast Minas-Rio iron ore complex.
Quoting levels "very low" and machines already sold are not being put into service by mining companies.
The company recently announced the closure of its new potash mine in New Brunswick, resulting in the loss of up to 430 jobs.
Ruling puts and end to dispute dating back to 2013.
The besieged miner plans to lower costs at its iron ore mines after boosting total annual output for the steelmaking ingredient.
Embattled miners have cut jobs in the face of plunging commodity prices, putting pressure on the South African government
Only last month, the South African miner announced it was postponing all investment in new or replacement capacity until at least 2017
However, the company said it remains committed to having a presence in Greece and has budgeted $155 million in development spending at the Olympias project.
The company cited “challenging conditions” in the steel and iron ore markets as the main reason for such decision.