Australian mining towns posting strongest house price growth

While Rio plans to submit a revised plan to keep its Warkworth mine viable, opponents vow to fight any new proposal.

The mining giant believes demand for coal to keep growing over the next 20 years, driven mainly by China and India.

The separate company would be listed on the London Stock Exchange, as well as the Australian and South African markets.

Price of steelmaking raw material up 4% on Monday, erasing all of March's steep losses. Forecaster says move back above $130 a tonne on the cards.

Liu Han is accused of running a criminal network to build his fortune.

Australian coal miners to be the most affected.

Spot Australian coking coal export price in single digits for the first time and contract prices at 6-year lows.

The miner blamed the decision on weak coal prices, high costs and a strong local dollar.

Official commodity researcher of Australia cuts outlook for 2014 and predicts steady decline for the rest of the decade.