Although abandoned mines are better known for the environmental problems businesses are finding innovative uses for old mines. NBCNews reports.
Spot iron ore fell to its lowest level since July, pressured by weak steel demand in China that has dragged Shanghai rebar futures to a record low.
Although production cuts have been supportive, China's latest economic data remain a concern for the sector, explains Daniel Hynes, senior commodities strategist at ANZ research.
The world's top three iron-ore producers continue to consistently churn out record volumes of output, but just how long that strategy can last?
Rob Brierley, head of research at Patersons Securities, discusses BHP Biliton's production reports.
Kunal Sawhney, chief executive at Kalkine, is bullish on BHP Billiton since the miner still has an opportunity to cut cash costs further.
BHP hiked iron ore production by 7% year-on-year in the September quarter.
Some investors are taking a boost for iron ore as a sign that conditions for the commodity market might be looking up.
Kieron Hodgson, commodity and mining analyst at Panmure Gordon, talks about the outlook for the mining sector, in particular Rio Tinto.
Sam Walsh, CEO of Rio Tinto, sensed an impending downturn and took the necessary actions to protect the company, says Jonathan Barratt, CIO at Ayers Alliance Securities.
Rio Tinto posted a 17 percent rise in Q3 iron ore shipments to 91.3 million tonnes and said it remained on track to meet full-year guidance.
Gavin Wendt, founding director and senior resource analyst at MineLift, discusses Rio Tinto's strong output amid a commodities price slump.
Glencore's plan to knock $10.2 billion off its debt pile is achievable, the president of Rusal — the Russian metals producer which has pulled off its own massive debt cut — told CNBC.
Oleg Deripaska, president of Rusal, says that Glencore's plan to slice its debt pile by over $10 billion is "100 percent" feasible.
Colin Hamilton, Macquarie’s head of commodities research, and Jessica Fung, metals & mining analyst at BMO Capital Markets, talks about the current moves in the commodity space.
President of major Russian diamond mining group Alrosa has warned of the growing number of "synthetic" or altered diamonds entering the jewelry market.
Evangelos Mytilineos, CEO of Mytilineos, discusses what it’s like to be a mining company in Greece right now.
Glencore has hoisted the for-sale sign over two copper mines - Cobar in Australia and Lomas Bayas in Chile - after being approached by buyers.
What could be better than a Victoria's Secret model wearing a jewel-encrusted bra? Mouawad has the answer: Two.
David Stubbs, global markets strategist at JPMorgan Asset Management, says unless there's a major supply disruption then the imbalance between supply and demand in the commodities market is unlikely to change.