MMG cuts Las Bambas operations as Peru declares emergency

Bubble chart shows heavy reliance on iron ore and oil for revenues and profits post demerger.

Top iron ore miner Vale expected claw back market share from Australian competitors thanks to its Serra Sul mine and use of Valemax mega-carriers.

Mega-carriers docking in China will see Brazilian giant Vale double export volumes to China over the next five years.

Shanghai Metals Market warns slim profits and continuous declines in steel prices have dampened Chinese mills’ appetite for iron ore.

So far Grupo Mexico has been charged with more than $3 million in fines, and could face more.

Close to 2,800 miners at Chile's Escondida mine, jointly owned by BHP Billiton and Rio Tinto, did not show up for work Monday morning, iddling a 1.2 million tonnes a year operation.

"All that's required is to hand the world’s best mining assets to the world’s best management."

Bonanza, a tropical town in north-eastern Nicaragua, has attracted gold miners since 1880. Still true to its name, it yields over a thousand kilos of the metal every year. But it is a dangerous place.

After 4% surge on Monday, benchmark prices resume slide.