Shandong Yulong Gold to buy Australia’s Barto for $188m in debt

The miner is likely to cut its iron ore output target for the year from 376 million tonnes to 355 mt, says independent investment bank BTG Pactual.

Study shows copper price fall matches previous down-cycles going back to 1975, but expect a long painful slog before a sustained recovery.

Chorus predicting iron ore in the $30s before the end of the year grow louder as Chinese buying dries up.

The ongoing slump in copper prices spells trouble for Chile's mining industry, where most medium-sized producers are already unable to make a profit.

"Prices must overshoot relative to marginal production costs in order to trigger mine closures on a sufficient scale."

The EIA says China and India are to blame, as imports from both nations — which from 2008 to 2013 accounted for 98% of the increase in world coal trade —are on their way down.

The deaths of the alleged "terrorists" took place over a 56-day operation by security forces, the Chinese government said.

The Baltic Dry Index which tracks bulk shipping rates on more than 50 routes around the world drops to lowest since 1985.

The biggest drops were in the construction sector in Latin America (-41%) and in the resources industry in Asia (-37%).