BRASILIA, Nov 27- Brazil's federal and state governments plan to sue the owners of the Samarco iron ore miner for 20 billion reais in damages caused by the burst of a tailings pond dam, Environment Minister Izabella Teixeira told reporters on Friday. Samarco is a joint venture between the world's largest mining company, BHP Billiton Ltd, and the biggest iron ore...» Read More
Oversupply and a lack of demand growth has led some market analysts to speculate that iron ore prices will never recover to former levels.
Canadian gold mining companies Alamos Gold and AuRico Gold are merging in a deal valued at approximately $1.5 billion.
Colin Hamilton, global head of commodities research at Macquarie, says iron ore prices need to fall to compensate for oversupply, and warns companies should start exiting the sector.
Gaurav Sodhi, resources analyst at Intelligent Investor, says it is inevitable for junior miners to go bust because there must be a contraction with iron ore supply before prices can rebound.
As mine safety regulation grows stricter, one Pennsylvania-based company is forced to move some Amish workers from their posts.
Alcoa reported a mixed quarter on Wednesday, beating expectations on earnings, but missing on revenue.
Juerg Kiener, MD & CIO of Swiss Asia Capital, Singapore, says prices of the steel-making raw material could continue to fall due to strong supply and flagging demand.
Campbell Dawson, director at Elstree Investment Management, discusses the possibility of another interest rate cut by the Reserve Bank of Australia next Tuesday.
Gaurav Sodhi, resources analyst at Intelligent Investor, says iron ore prices could fall further, with Australia's Fortescue Metals looking precarious at this stage.
Bill Shorten, opposition leader in Australia, says the free trade deal presents opportunities in sectors like services. He also discusses Australia's participation in the Asian Infrastructure Investment Bank.
Speaking at the Mines and Money conference in Hong Kong, Gina Rinehart urged governments to reduce red tape on mining projects.
With commodity prices unlikely to return to the levels seen during the mining boom period, miners will need to "get to grips" with current levels, says Dan Lougher, CEO of Western Areas.
Karl Simich, CEO at Sandfire Resources, says the depreciation of the local dollar helps to attract investments into Australia.
Alex Burns, executive chairman of Energia Minerals, expects prices of iron ore to remain subdued on the back of a sustained period of oversupply.
Mark Bennett, managing director and CEO of Sirius Resources, expects prices of nickel to find "sensible levels" soon and discusses the company's flagship Nova nickel mine in Western Australia.
Shontel Norgate, CFO of Nautilus Minerals, says its focus on deep sea mining can be the "next disruptive technology" in the mining space.
Nev Power, CEO of Fortescue Metals, remains optimistic that China can achieve its growth target of 7 percent for the year.
Emily Lee, executive director of Lanka Graphite, discusses the state of Sri Lanka's business environment following a change in power early this year.
Joe Magyer, senior analyst at the Motley Fool, discusses news that billionaire mining heiress Gina Rinehart will start developing the $10 billion Roy Hill mine in Pilbara.
Sean Fenton, director & portfolio manager at Tribeca Investment Partners, explains why shareholders will likely vote in favor of BHP Billiton's planned South32 spin-off.