Australia’s Alita Resources takes price cut on shipment amid tough lithium market

"We are not happy," said CEO Mark Cutifani.

Despite extreme measures taken by gold miners to balance their books, the sector continues to suffer the aftermath of last year’s precious metal price nosedive.

Net loss for the entire year climbed up to a monster $10.37 billion.

The miner has been among the most aggressive cost-cutters and plans to find a further $3 billion in savings this year.

Space Agency in search of potential business partners as US government denies further funding.

The forced transfer of US$5.5 million in assets comes after the PNG Government's took over the mine in 2013 and nationalized it.

A Western Australian court has shut down Forrest's bid to stop a company from sand mining on his family's cattle station.

Since the beginning of the industrial age, steel has been an essential raw material.

Groups say the mine would lead to 'large scale' destruction of forested areas.