Rio Tinto cuts Pilbara shipment outlook after cyclone Damien

Globally, water demand is threatening to dangerously outpace supply, while in the US, dry states such as Texas and California are suffering from shortages and the future forebodes more suffering.

The International Monetary Fund and Standard and Poor's, in turn, predict prices for the steelmaking material are set to fall even further.

Today Andrew’s talking about the ebbs and flows of his MRG business. He tells me President and CEO searches are not where he’s making his money these days, it’s the operations roles.

Up 3.2% on Monday after commodity trade data surprise.

Atlas Iron is shutting down its operations due to low iron ore prices, the company announced on Friday.

Davis is said to be finalizing talks with a Toronto-listed miner, in a deal that could kick-off a long awaited buying spree.

On the last of a three-day national hearing, BHP and Rio acknowledged they were in ongoing discussions with auditors from the Australian tax authority.

Mining transactions almost doubled last year and the trend is likely to stretch over 2015, as lower commodity prices are making some unprofitable.

This wouldn’t be the first time Hockey hinders a major corporate deal in Australia.