Recent Articles

Update: Rival challenges expected as Rio's $3.9 bid agreed by Riversdale

Posted on December 23, 2010

Pre-bid agreement for 14.9% of Riversdale puts Rio's foot in the door in Mozambique coking coal development. Recommended cash offer price of A$16 per share, but higher bids expected. Read more

ArcelorMittal won't extend Baffinland bid deadline to accommodate OSC

Posted on December 23, 2010

The world's largest steelmaker, Luxemburg-based ArcelorMittal, is standing firm on its Dec. 29th deadline for acceptance of its Cdn$407 million bid for Baffinland Iron Ore Mines. Read more

Duluth/Franconia tie-up could lead to huge U.S. base metals/pgm mine

Posted on December 23, 2010

In a major consolidation within the big Duluth polymetallic Complex, Duluth Metals and partner Antofagasta are to purchase Franconia Minerals. Read more

Big iron ore expansion for Rio/Mitsui jv at Robe River and Cape Lambert

Posted on December 23, 2010

Japan's Mitsui is to commit US$1.2 billion under its jv agreement with Rio Tinto to expand Robe River and Cape Lambert port iron ore shipments to 130 million tonne/year. Read more

Collahuasi strike comes to an end

Posted on December 9, 2010

Workers and management agreed on Monday to end the 32-day long strike, the longest-ever at a major private mine in Chile. Miners will return to work during Tuesday's first shift. Read more

Ivanhoe considering two-part sale: source

Posted on December 9, 2010

According to a source close to the matter, Ivanhoe mines could sell or spin off assets other than Oyu Tolgoi before looking for a buyer for the part of the company not owned by Rio. Read more

Mining Activity Index driven to 2010 high by gold financing and drilling – MEG

Posted on November 28, 2010

Gold exploration and financings in particular are driving the global mining sector towards new peaks according to Nova Scotia-based Metals Economics Group

Irish debt crisis unlikely to trigger repeat of Spring gold rally

Posted on November 25, 2010

Analysts say that even though Europe seems once more on the edge of financial crisis, a stronger dollar is creating too much of a deterrent for investors seeking an alternative to the euro. Read more

Second blast ends hopes for 29 trapped New Zealand miners

Posted on November 25, 2010

A second explosion on Wednesday that ripped through the Pike River Colliery, five days after an initial explosion trapped 29 miners, has erased all all hope of finding survivors. Read more

China to spend $4.48bn on domestic mining exploration

Posted on November 11, 2010

China is boosting domestic minerals exploration spending in an effort to reduce the country's dependence on imports of iron ore and copper. Read more

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