Newcrest hails drilling results at Western Australia Havieron gold-copper project

BHP is losing big money on its push for a coking coal spot market.

China's iron ore imports jump 21% to 74 million tonnes while copper imports surge 31%.

Iron ore is honing in on the $120 a tonne-level, long considered an industry price floor.

The stock fell almost 26% in Sydney after the company announced it expects be suspended from trading later this month.

Iron ore is up 12% from lows sparked by panicked selling from Chinese traders and mills using stockpiles for trade credit.

But it is planning to do so at the fertile Liverpool Plains, an extensive agricultural area, which is predictably raising opposition from locals.

About 36 contractor and head office positions on the line.

Mining Mayhem posted photos of Blair Athol, a coal mine located in Queensland, that is combusting while it gets excavated. Photos are […]

Rio becomes the second large diversified miner, after Anglo American, to back out of the project in less than seven months.