Finance

BHP to suspend operations, cut jobs at Australian coking coal mine

BHP to suspend operations, cut jobs at Australian coking coal mine

MELBOURNE (Reuters) -BHP will suspend operations and cut 750 jobs at a Queensland coking coal mine it shares with a unit of Mitsubishi, blaming low prices and high state government royalties that...

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Australia’s Orion Minerals signs deal with Glencore unit for up to $250 million funding

Australia’s Orion Minerals signs deal with Glencore unit for up to $250 million funding

(Reuters) -Australia’s Orion Minerals said on Wednesday it has signed a non-binding term sheet with a unit of global miner Glencore for $200 million–$250 million funding for its Prieska cop...

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