We have said previously that Africa is the new land of opportunity for speculators and investors. Although there is no shortage of risks, the continent is home to vast amounts of resource wealth, the fastest growing class of millionaires,...
The price of crude oil ($37.65) and iron ore ($38.80) dropped again and the globe's two most traded raw materials are now at levels prior to the word supercycle even entering the popular lexicon. Similarly precious metals and industrial...
The price of crude oil ($37.65) and iron ore ($38.80) dropped again and the globe's two most traded raw materials are now at levels prior to the word supercycle even entering the popular lexicon. Similarly precious metals and industrial...
Vale’s Carajás iron ore complex, located in a remote corner of the Amazon rainforest. Iron ore prices got hammered again Friday, sinking to a 10-year-low of $39.40 a tonne, the lowest ever recorded by price assessor The Steel Index...
Anglo American set to announce dividend cut next weekEarlier this year, Anglo announced a $3.5bn write-down related to the value of its flagship Minas-Rio iron ore project in Brazil. (Image courtesy of Anglo American) Global miner Anglo American (LON:AAL)...
Mining and commodities giant Glencore (LON:GLEN) said Monday it is cutting production and 80% of the remaining staff at its Collinsville mine in Australia’s north Queensland as a result of collapsing coal prices. The cuts would affect around 180...
Rio, which is Australia's biggest iron ore exporter, has been a massive driver of expansions, adding millions of tonnes of seaborne supply to the market in the last year. Rio Tinto (LON:RIO) announced Tuesday fresh cuts to its spending...
