Anglo American has reported a 4% rise in total production for the final quarter of 2019, despite a severe drought in Chile pulling back copper production in the last three months of the year. Output from its flagship Los Bronces mine plummeted by 28%, which pulled...
Anglo American will soon return its Minas Rio iron ore mine in Brazil to full capacity after the mining giant was granted a key licence for the use of an expanded tailings dam at the site. Operations at the mine were suspended for eight months last...
Rio Tinto has approved a US$749 million investment in its Greater Tom Price operations, to help sustain production capacity at its iron ore business in the Pilbara region of Western Australia. The Anglo-Australian miner’s investment in the Western Turner Syncline Phase 2 (WTS2) mine will facilitate...
Fortescue Metals Group (FMG) made a record $3.19 billion in profit in the 12 months to end June, enabling it to pay out a bumper dividend of AUS$1.14. Surging iron ore prices over the last year helped the Australian iron ore miner more than double its...
BHP’s chief executive Andrew Mackenzie has warned that the rising tide of nationalist sentiment poses a threat to global economic growth and mining sector profitability, despite the company reporting a 2% rise in underlying profit for the full year 2019 and declaring a record dividend. The...
Australia delivered a full-year trade surplus of AUS$49.9 billion thanks to record high exports from the resources sector, which has been boosted by higher commodity prices during the last year. Iron ore was again Australia’s biggest single contributor to exports, delivering $77 billion in revenue over...
BHP produced 63 million tonnes of iron ore in the last quarter of the Australian financial year - a 12% increase on the previous quarter, when operations were reduced by a cyclone that hit parts of Australia. This improved performance in the three months to June...
BHP has become the latest mining giant to consider exiting thermal coal as climate change pressure from investors and activists continues to push companies away from polluting fossil fuels. According to unnamed sources familiar with the matter, BHP is looking at options to divest its thermal...
Vale will take up to 10% of its output offline to decommission 10 dams similar to the one that burst on Friday in the Brazilian town of Brumadinho, killing at least 84 people with hundreds still missing. The decision to cut production was announced by Vale’s...
At least 58 people have been confirmed dead and hundreds remain missing following a tailings dam burst at a Vale iron ore mine in Brazil. The dam burst on Friday unleashed a fatal mudslide of iron ore waste at the Feijao mine in the state of...