Novo makes new discovery at Pilbara gold project

The agreement, which is said to involve up to 15 banks, could be signed as early as Wednesday.

The rating and research agency expects producers to have to deepen cut prices as supply and demand challenges continue into the new year.

The new agreement replaces a previous three-year contract that would have seen Nautilus supplying 1.1 million tonnes of unrefined copper ore to Tongling Nonferrous Metals Group.

Immersive Technologies has released details on improvements their customers are achieving in Western Australia. Among the results reported are improvements in cycle times, production, time between machine failure and savings in training time.

The 2012 emails from an investor in Florida-based deep sea mining firm Neptune Minerals Inc. were forwarded to Clinton by her son-in-law and hedge fund partner Marc Mezvinsky.

In volume terms Chinese imports of commodities led by iron ore and copper surged 17% in November, the best month in nearly two years.

The job cuts, part of a major overhaul, are far greater than the 53,000 positions the miner said it would cut in July.

Once again the world's second largest mining company has cut its spending forecast for 2016, as iron ore hit new lows.

Back in February RIo Tinto's CEO said an iron ore price in the $30s could never happen.