Europe

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 (TSI), which began compiling data in 2008. Prices were set for…
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) will likely announce next week that it’s cutting its annual dividend…
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 of the 230 people employed at the mine, with most of…
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 plans for 2016 as it joins its peers in the mining…
Krause and his team, which includes archaeobotanists and a large number of students from Goethe University, have been researching in the area for 15 years. German researchers have detected traces of mining activity in Central Europe dating back to the Bronze Age, which resumed later in the early Middle Ages.…
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