Lynas says WA govt to help coordinate approvals for rare earths plant

Arizona’s lawmakers have slipped a piece of legislation that would allow the mining giants to go ahead with their massive Resolution Copper project.

The least corrupt country was Denmark.

Miner is dropping coal operations to focus on iron ore.

The stock closed in Sydney below the $30 mark, which is the lowest it has traded in the last five years.

The mining giant said it was committed to giving significantly more money back to shareholders in 2015 despite a severe drop in iron ore prices.

The sum will be given on the completion of the sale of 15% of its Solwara 1 project to an entity nominated by Papua New Guinea.

The investment will allow for a fourth pipe to be developed at the site, with production expected to start by 2018.

By promising top shareholder Chinalco, Rio's stakes in Oyu Tolgoi and Simandou.

Founding managing director Mike Young among the ones leaving the company.