Resolute says strike at Mali mine won’t impact guidance

It now expects adjusted earnings per share to come in at $5, significantly higher than the $3.75 it had forecast just three months ago and almost doubled the $2.90 it had originally projected for the year.

Mosaic chief Joc O’Rourke also said BHP’s target of 2023 for first production looks unachievable.

Company will make a decision on the plan in August.

While the decision doesn’t ban Fortescue from continuing to operate the mines, it paves the way for the group to sue the company for hundreds of millions of dollars in compensation claims.

Hedge fund manager says expanding into the currently over-supplied fertilizer market is just a bad idea.

The smelter, one of the largest in the Southern Hemisphere, has been hampered by insufficient power supplies and maintenance work since a major power outage last year shut operations for two weeks.

Prices have climbed almost 7% since Monday and almost 32% since the recent low of $53.36 a tonne hit on June 13.

From the recent low of $53.36 a tonne hit on June 13, iron ore prices have now surged more than 27%.

Blair Athol thermal coal mine, located in Queensland, Australia, had been closed since 2012 when former owner Rio Tinto shut down operations after almost 30 years of production.