Anglo American plans to hasten coal and iron ore sell-offs as profits halve
The UK-listed mining giant has been hit by sharp falls in global commodity prices in recent monthsAnglo American has revealed plans to accelerate the sale of its iron ore, coal and nickel mines, in a sweeping overhaul after its annual profits.
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Rio Tinto unfazed by falling iron ore prices, says CEO
By Jane Lanhee Lee BEIJING, Nov 8 (Reuters) - Global miner Rio Tinto , which gets 92 percent of its revenue from iron ore, is unfazed by the drop in ore pric.
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Imperial Metals Corp lays off 100 workers at BC mine because of low copper prices
The Vancouver-based company -- which also owns the Mount Polley and Red Chris mines -- said it has suspended pit operations at Huckleberry but will continue milling stockpiled ore
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Anglo American plans to hasten coal and iron ore sell-offs as profits halve
The UK-listed mining giant has been hit by sharp falls in global commodity prices in recent monthsAnglo American has revealed plans to accelerate the sale of its iron ore, coal and nickel mines, in a sweeping overhaul after its annual profits.
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BHP Billiton, Rio Tinto move to dominate in copper
Separately and in joint ventures, Rio and BHP intend to mine millions of additional tonnes of copper, despite seeing an oversupplied market for the next few years
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Copper slides as worries about China demand resurface
By Pratima Desai LONDON, April 26 (Reuters) - Copper prices fell on Tuesday in a sell-off fuelled by worries that expectations of stronger demand in top cons.
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Rio Tinto rejects Glencore merger approach amid iron ore slump
Glencore, which last year bought rival Xstrata in the sector’s largest ever takeover, has recently talked openly about wanting to merge with Rio Tinto
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Canadian copper miners have negative free cash flow at current prices
While the plummeting oil price has received all the attention, the price of copper has quietly been in freefall as well
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Why volatility in commodity prices is still nothing close to a ‘crash’
The panic appeared to hit a high point on Monday morning, when commodities fell sharply in the early hours before rebounding through the afternoon
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Copper gains fuelled by lower dollar, market watching China
By Pratima Desai LONDON, May 11 (Reuters) - Copper prices rose on Wednesday as the lower dollar triggered a flurry of fund buying, while the market waited fo.
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Fears plunging commodity prices could scupper tie-ups after Glencore is forced to make U-turn on debt plan
As the price of commodities including copper, iron ore, oil and gas remain weak, City analysts have become concerned about the true extent of the impact on resources giants
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Yukon mine slows operations, announces layoffs as copper prices slump
Minto Mine, owned by Capstone Mining Corp, is located about 240 kilometres north of Whitehorse and is an open-pit and underground copper operation, producing gold-and-silver byproducts
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Rio Tinto rejects Glencore merger approach amid iron ore slump
Glencore, which last year bought rival Xstrata in the sector’s largest ever takeover, has recently talked openly about wanting to merge with Rio Tinto
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Copper falls on stronger dollar, weak manufacturing
By Pratima Desai LONDON, May 4 (Reuters) - Copper prices fell on Wednesday due to selling triggered by the stronger dollar and surveys of manufacturing aroun.
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BC's Huckleberry mine cuts back because of low copper prices, lays off 100 workers
Imperial Metals Corp is laying off more than one-third of the workforce at its Huckleberry mine in northwestern British Columbia because of low copper pric
Chat Online】Copper slides, market waiting for China reinforcements
By Pratima Desai LONDON, April 28 (Reuters) - Copper prices slipped on Thursday as the market waited for confirmation of stronger demand in top consumer Chin.
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Iron miners’ shares hit record lows as ore prices tumble
The operations at the four largest suppliers are on the verge of making losses as iron ore hits break-even costs of below $40 a tonne
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Imperial Metals Corp lays off 100 workers at BC mine because of low copper prices
The Vancouver-based company -- which also owns the Mount Polley and Red Chris mines -- said it has suspended pit operations at Huckleberry but will continue milling stockpiled ore
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Brazil’s Vale mulls Toronto and London listings for some base metals units, sources say
Brazil’s Vale SA is considering listing part of its global base metals business in Toronto and London, according to multiple sources with knowledge of the plan
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A Chinese flower show has been blamed for spike in the price of iron ore
The price of iron ore rocketed 20% on Monday to $6260 per tonne
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BC mine lays off 100 workers because of low copper prices
Imperial Metals Corp (TSX:III) is laying off more than one-third of the workforce at its Huckleberry mine in northwestern British Columbia because of low copper pric
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