Rio Tinto proposes 56% pay rise for CEO
Rio Tinto has proposed raising CEO Simon Trott's target pay package by 56% to £9.8m as global miners face fierce competition for top executive talent.
Iron ore hits two-year low as demand weakens
Iron ore prices have tumbled to their lowest levels in over two years, driven down by weakening steel demand in China and expanding global supply.
Fortescue warns China iron ore standoff could hit profit
Fortescue warns that a protracted pricing standoff with China’s state-backed buyer CMRG could dent full-year profits if unresolved before year-end.
Chile copper slump spells volatile times for metal
Fatal accidents, severe weather, and declining ore grades are battering Chile's ageing copper operations, threatening global supply just as demand accelerates.
BHP axes 300 jobs as iron ore costs climb
BHP is cutting around 300 jobs across its Western Australian iron ore operations as falling commodity prices and rising fuel and shipping expenses erode margins.