BHP hits fresh 7-year low as mud from Brazil disaster reaches Atlantic Ocean
The news came as the price of iron ore continues its month-long retreat, diving to a fresh 10-year low Tuesday to $43.69, according to The Metal Bulletin index.
The descendants of the last Maharaja of the Sikh Empire, who was forced to hand over the Koh-i-noor diamond to Queen Victoria, launched a court action Monday for his body and possessions to be returned to India.
The new Glencore offer is "significantly lower than would be expected in a takeover" and the intention to replace Mick Davis represented “a significant risk” says Xstrata's board.
Glencore International (LSE:GLEN) has postponed its Friday shareholder meeting where voting would have taken place on its proposed $34 billion takeover of Xstrata (LSE:XTA).
Rio Tinto (ASX:RIO) has teamed up with Sydney's University of New South Wales to create the world's first virtual mine for the purpose of teaching block caving
Matterhorn Asset Management's Egon von Greyerz claims fund managers and investors are shifting from gold ETF's to physical gold, and that the "move in gold and silver has barely started."
Australian trade minister Craig Emerson has said Chinese demand will continue to give support to the country's mining boom despite declines in export prices.
Disputes between China and Japan over offshore territory have proceeded a step further with both countries competing for exploratory licenses to large swathes of the Pacific Ocean floor.