Iron ore futures down
Ore for September closed around 7.3% lower at $95.63 a tonne in Singapore. Benchmark spot material dropped to $99.50 a tonne on Monday.
Ore for September closed around 7.3% lower at $95.63 a tonne in Singapore. Benchmark spot material dropped to $99.50 a tonne on Monday.
Big names like BHP and Glencore can't seem to agree on which metals will deliver the best long-term exposure to the developing global market.
The new code is intended to improve conditions for companies and increase revenue for the state.
The Macmillan Pass project is the largest undeveloped zinc and lead resource in the world held by a junior Canadian company.
The world's biggest miner will face a test of its ability to move beyond bulk mining.
The firm has also completed a definitive feasibility study for its Serrote copper-gold project in Brazil.
The approval allows for 30,000 metres of underground exploration drilling.
The venture, jointly owned by Vale and BHP, has already reached an agreement with the regulator and could get formal permission to operate as soon as mid-September.
Azuay province is home to several potentially lucrative gold, silver and copper projects.
Chinese iron ore futures rose more than 3% on Tuesday, extending gains for a fourth straight session.