BHP to hire 1,500 to support Australia operations

Chinese import price for 62% iron content fines at the port of Qinqdao lost $5.01 or 10.01% of its value to $44.59 a tonne, the largest percentage drop on record.

As high volatility in the Chinese stock-market reinforced worries of a dropping demand from the nation, the world’s top metals consumer.

Getting — and keeping — a social license to operate, as well as resource nationalism, remain among the top five business risks for the industry.

But New South Wales says the proposed amendment would give social and environmental issues equal standing with the economic in decision making.

The sustained losses place smaller miners back in the danger zone.

Chinese steel prices fall to record low Monday, dragging down iron ore price another 4%.

The move is part of a plan to sell the government's holdings in 10 state-owned companies over this year and next to boost foreign investment and revive growth.

They claim Beijing is using it to block imports and so favour its own struggling coal industry.

Lobbying from the Australian Government