Rio Tinto to pay ex-CEO’s deferred bonus with interest

The company, however, said it remained committed to the diamond industry.

But the Indian company said it remains committed to the US$12bn Carmichael project in Queensland, Australia.

The cuts at the Adelaide support office for the Olympic Dam operations come about six months after BHP scrapped about 90 permanent positions and 210 contractor jobs.

Analysts from Goldman Sachs, Citi and ANZ predict prices will drop again below $50 a tonne.

Until now Canadian companies needed to have at least 51% stake in any uranium project.

The Chinese firm already mines gold next door to a Phoenix deposit.

The old cycle is playing out again.

While not especially rare and not really earths, there is no doubting the difficulties in mining and processing the rare earth group of metals, or their importance to the global economy.

Iron ore price declines to resume as Shanghai rebar drops to record low Wednesday with bears calling rally just a blip before prices retreat to $40s again.