The pain of mining austerity: 7000 Queensland coal jobs gone
''Since Glencore merged with Xstrata last month, the company has demonstrated a ruthless and short-term approach to cost-cutting."
''Since Glencore merged with Xstrata last month, the company has demonstrated a ruthless and short-term approach to cost-cutting."
So far the world's largest mining company has not laid off anyone from its iron ore workforce.
Here’s the situation: North America is swimming in cheap natural gas, whereas international markets are thirsty for it and paying a premium. […]
Rios' security concerns follow threats from the former guerrilla group Renamo. Vale continues shipments as usual.
Looking for copper and gold assets.
Glencore Xstrata, Brazilian investment bank BTG Pactual and Dutch trading company Trafigura among the runners up.
A 7% rally in the price of iron ore came to an abrupt end on Friday.
Our recent calls for a bottom have been proven wrong as precious metals plunged to another new low.
For short-term traders, understanding cyclical markets is the key to profits.
Reforms include proposal to potentially double mining royalties to 4%.