Australia trims outlook for commodities peak as prices weaken

They oppose the agency's latest decision, which may block development of the Pebble mine before any permit application has been filed.

CEO Andrew Mackenzie says miner's China-focused investment is shifting and its rapid iron ore expansion came at the expense of the overall business.

Global net profits have dropped to $20 billion in the last year, with gold, coal and diversified miners being the worst affected.

EPA's radical new rules make building new coal-fired power plants unfeasible while 15% of existing capacity will be shut down within two years, reducing demand.

With a further $300 billion in coal transportation infrastructure to meet global demand over the next 20 years.

CEO Sam Walsh: "We are the lowest-cost producer in the world with costs of $20 per tonne; I think we’ll be OK."

The Australian miner said it plans to spend $15 million to restart the operation, with work is expected to begin in the first half of 2015.

After unnerving 7% slide last week, iron ore managed to eke out a small price gain Monday.

Lots of work for someone.