Rio Tinto to pay ex-CEO’s deferred bonus with interest

The firm is laying-off 150 workers by the end of February 2015.

Three workers died on board in 2012 and fresh inspections have revealed severe safety breaches.

The company is defying coal price slump with increased production driven by expansions at its Australian mines.

Investors in Australia's junior mining sector are feeling the same pain as those in North America but Paul Adams, an analyst with brokerage firm DJ Carmichael in Perth, believes select junior resource companies will outperform the broad markets as macro-level events impact certain commodities.

Costs and challenges for mining the Arctic, meanwhile, on their way up.

Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.

About 500 workers will lose their job.

According to The Times, Rio flagged the possibility of a writedown in August.

The miner blamed low metals prices and productivity inefficiencies for the decision.