ArcelorMittal reaches railway deal, resumes output at Bosnia mine

According to The Times, Rio flagged the possibility of a writedown in August.

A perforation made in a subterranean water source had flooded the underground mine late Thursday.

True North Gems expects to start production towards the end of winter of 2015.

The application allows users to view selected coal mining information on a smart phone or tablet.

The miner blamed low metals prices and productivity inefficiencies for the decision.

Over 500 rescue personnel, two planes, three helicopters, 25 ambulances and 97 other vehicles continue to carry out the search and rescue work.

While the miner produced a record amount of iron ore, turmoil in currency and commodity markets overshadowed any production gains.

Value of low-grade ore stockpile at the Peñasquito mine dropped, raising average costs by $64/oz. and negatively affecting adjusted earnings by $0.04/share.

Woo served as a U.S. State Department representative in Asia for about 15 years with postings in countries including China, Japan and Australia.