Iron ore majors ramp up supply even as China faces challenges
Iron ore is one of the year’s worst performing major commodities, slumping by almost a quarter as China’s property crisis drags on.
Workers at Xstrata’s Mt. Owen coal mine in Australia painted their haul trucks blue in a crusade to raise awareness and funds for prostate cancer research.
According to Mining Australia, the new bright blue Cat 793F truck has already raised $18,500 for the Prostate Cancer Foundation of the country, the largest contribution the organization has received in 2012.
The campaign, initially set to raise about $10,000, received $5,000 from Mt. Owen itself.
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