The proposed end to the licensing system marks something of retreat for Beijing which has made many attempts to wrest control over pricing away from the major producers.
One of the greatest prizes in all of mining, perhaps the world, is the iron mountains of Simandou in Guinea, half of which was given away by a former dictator of the West African nation for free.
While the real and rand continues to weaken significantly, the Australian dollar is staging an impressive comeback and dealing damage to Rio Tinto and BHP.
Report shows mining companies are not longer trusted on their abilities to control costs, deliver on promises and cope with resource nationalization demands.