Australia’s Galaxy Resources to cut costs, volumes at flagship mine

Companies said over-staffing in the current environment was threatening the viability of their Australian operations.

"All that's required is to hand the world’s best mining assets to the world’s best management."

Iron ore will recover to above $90 a tonne over the medium term, but dips to low $70s not ruled out.

After 4% surge on Monday, benchmark prices resume slide.

A GlenTinto is not as far-fetched as it sounds.

Up nearly 4% on Monday; rallying after weeks of intense selling.

Countercyclical investors sitting on $8 billion unspent funds have been waiting for clear signs of a market bottom. The wait may well be over.

The seaborne iron ore market finally gained Friday after a steady period of weakening, tracking a small flow of buying interest ahead of Chinese holidays and a slight boost in steel prices.

2014 is the "inflection point" and "until mines close it's a world of $70 prices of iron ore."