Gold faces historic squeeze with virus threatening NY shortage

The U.S. miner became the latest mining company to announced drastic measures aimed at preserving cash amid a deepening commodity prices rout.

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.

The 2012 emails from an investor in Florida-based deep sea mining firm Neptune Minerals Inc. were forwarded to Clinton by her son-in-law and hedge fund partner Marc Mezvinsky.

The job cuts, part of a major overhaul, are far greater than the 53,000 positions the miner said it would cut in July.

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

The Gahcho Kué mine will take in a number of the hundreds of workers laid off at Snap Lake.

The company wants an "indisputable and final" go-ahead for Carmichael, considered Australia’s largest thermal coal project ever.

The country's largest mining union said it had received notice from South32 about the planned cuts and wants the government to intervene.

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.