MINING.COM

US coal industry on board ‘slow-motion train wreck’— report

Analysts from McKinsey and Co. warn the U.S. is currently home to a collection of “zombie mines” that cannot turn a profit, but are too costly to close.

Cecilia Jamasmie | December 9, 2015 | 7:11 am

Chinese commodity demand: Crisis. What crisis?

In volume terms Chinese imports of commodities led by iron ore and copper surged 17% in November, the best month in nearly two years.

Frik Els | December 8, 2015 | 12:13 pm

Rio Tinto axes spending forecast by $1.5 billion

Once again the world's second largest mining company has cut its spending forecast for 2016, as iron ore hit new lows.

Cecilia Jamasmie | December 8, 2015 | 4:45 am

Glencore axes jobs, coal output at Australia’s mine as price collapses

The company will start cutting nearly 80% of its workforce at its Collinsville coal mine in March next year, as it dials back mining at the site.

Cecilia Jamasmie | December 7, 2015 | 4:01 am

Down again: iron ore sinks below $40 a tonne

It hit $39.40 a tonne, the lowest price ever recorded by price assessor The Steel Index (TSI), which began compiling data in 2008.

Cecilia Jamasmie | December 4, 2015 | 7:45 am

China’s steel giants lost $11 billion in first 10 months of 2015

That is more than double the profits reaped in 2014.

Cecilia Jamasmie | December 4, 2015 | 5:33 am

India won’t replace China as top resources consumer

India can support better an agrarian, low-earning, population than China can, which is a limit to growth in itself.

Sharps Pixley | December 3, 2015 | 1:21 am

The iron ore price is in free-fall

Following a heavy selloff in November, iron ore is down another 7% just this week with no support in sight.

Frik Els | December 2, 2015 | 3:35 pm

World’s two biggest miners walking away from coal, but they are not telling

BHP Billiton and Rio Tinto have significantly cut their investments in coal, while repositioning behind the scenes.

Cecilia Jamasmie | December 2, 2015 | 6:05 am

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China to strengthen raw material price supervision, crack down on speculators

Cobalt, nickel battery use rises as electric sports cars gain popularity

Trafigura bets on green-nickel squeeze in defiance of China cure

Iron ore price surges to 10-year high after Vale, Rio miss on output

Home: Supercycle or China cycle? Funds wait for Dr Copper’s call

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