Australian mining group asks government to repeal nuclear power ban

Company confirmed Wednesday it had dismissed contractor Macmahon Holdings, which was hired for the project.

More than 150 scientists from 33 institutions signed a letter warning the Australian government of the mounting threats to the Great Barrier Reef from new coal ports and other industrial projects.

Contractor Macmahon is seeking clarification for the decision.

The world's 40 largest miners announced a massive $45 billion in writedowns last year.

China hosts less than 5% of the world's known gold reserves, while domestic mines are often readily exhausted.

Rally in steelmaking ingredient gathers steam.

It will make the McArthur River Mine the largest zinc resource in the world.

Iron ore, molybdenum and nickel are the main commodities executives see as having the highest likelihood of depreciating in value over the next three years.

Sale is part of CEO Sam Walsh’s plans to reduce operating costs by $5 billion over the next two years.