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Cliffs profit falls as iron ore shipments drop

Posted on April 24, 2013

Company reported a drop in quarterly profit on Wednesday as lower iron ore sales weighed on its revenue.

Gold Fields La Cima SAA announces resignation of its Chief Executive Officer

Posted on January 30, 2013

Gold Fields La Cima SAA announced that Mr. Juan Luis Alfredo Kruger Sayan has resigned from his posts of Chief Executive Officer effective March 15, 2013

S.Africa replaces India as China's No 3 iron ore supplier

Posted on January 21, 2013

South Africa overtook India to become China's third-biggest iron ore supplier in 2012, while Australia strengthened its dominant position as the major supplier to Beijing, data from customs showed on Monday.

Potash Ridge Corp closes initial public offering

Posted on December 5, 2012

Potash Ridge Corp announced the closing of its initial public offering (the Offering) of its common shares (the Shares).

Steel slump puts crimp in Labrador Trough

Posted on December 2, 2012

Iron ore price slump hurts development in region.

Gold retreats from 6-1/2 month high as dollar firms

Posted on September 24, 2012

Gold prices eased nearly 1 percent on Monday, pulling back from the previous session's 6-1/2 month high, as the dollar rose and assets seen as higher risk, like stocks, the euro and other commodities like crude oil, retreated.

Suncor begins 6-week turnaround at oil sands upgrader unit

Posted on September 7, 2012

Suncor Energy Inc has begun a planned six-week maintenance turnaround on a vacuum tower for an upgrader at its northern Alberta oil sands operations, Sneh Seetal, a spokeswoman for the company, said on Friday.

KGHM copper's Canadian unit returns to profit -CEO

Posted on September 4, 2012

Europe's No.2 copper producer KGHM said on Tuesday its recently acquired Canadian unit Quadra FNX had returned to profit after the first seven months of the year.

Israel diamond industry boosted by lab opening

Posted on September 4, 2012

The Gemological Institute of America (GIA) opened its first laboratory in Israel on Monday, giving a boost to the country's diamond industry, one of its largest export earners.

South Africa's gold sector also hit with wage hike demands

Posted on August 27, 2012

South Africa's gold mining companies have been hit by union demands for wage hikes but the industry has little room to budge as current collective agreements do not expire until the middle of next year, the country's chamber of mines said on Monday.

Baltic index pushed by rising capesize rates

Posted on August 26, 2012

The Baltic Exchange's main sea freight index, which is used to track rates for ships carrying dry commodities, rose marginally on Friday due to increased activity in the capesize segment.

Iron Ore-Slump extends; ore below $100, Shanghai rebar at record low

Posted on August 26, 2012

Shanghai steel futures stretched their losing streak to a 10th day on Friday, hitting a record low and giving steel producers more reason to shun iron ore cargoes as prices of the raw material dropped below $100 for the first …

Gunmen attack airport in Congo mining hub

Posted on August 8, 2012

Unidentified gunmen attacked the airport in the Congolese mining town of Lubumbashi early on Wednesday, killing at least one soldier, but government forces repelled the offensive after several hours of fighting, police said.

As Australia commodities sag, A$ unable to play stimulus role

Posted on July 29, 2012

Sliding commodity prices cloud outlook for exports, investment, but A$ defies gravity.

Coal train hits truck in South Africa, 24 dead

Posted on July 14, 2012

A coal train ploughed into a farm truck at a level crossing in South Africa on Friday, cutting it in half and killing 24 workers on their way to pick fruit – the latest tragedy to hit the country's ageing rail network.

Vale sells ferromanganese units to Glencore for $160 mln

Posted on July 11, 2012

Vale, the world's second-largest mining company, sold its ferromanganese plants in Europe to Glencore International for $160 million, as it seeks to help finance core investments in iron ore, coal and nickel.

Australia's Queensland to join mining tax challenge -report

Posted on July 8, 2012

Australia's northern Queensland state plans to challenge the federal government's mining tax in the High Court, saying the tax unfairly discriminates against the resource-rich state, The Australian newspaper reported on Monday.

Kazakh central bank aiming for 20% of reserves in gold

Posted on June 13, 2012

According to Kazakhstan's deputy central bank chairman, the central bank plans to boost the share of gold in its gold and foreign currency reserves to 20% from 14-15%

Shares jump as Australian billionaire moves to take over Whitehaven Coal

Posted on June 13, 2012

Nathan Tinkler had been widely expected to sell down his 21% stake in Whitehaven Coal, but is instead looking to taking over the business.

Guinea begins production at first iron ore mine

Posted on June 11, 2012

Reuters reported Guinea, in partnership with Bellzone (LSE:BZM) and the China International Fund, has begun operations at its first iron ore mine.

Yellowhead Mining Inc announces graduation to Toronto Stock Exchange

Posted on June 8, 2012

On June 11 Yellowhead Mning (YMI) will be de-listed from the TSX Venture Exchange to commence trading of common shares on the TSX.

Gold Fields seeks support of local Kyrgyz villagers

Posted on June 1, 2012

Unable to guarantee the safety of local residents due to violent opposition to its JV project eight months ago, Gold Fields ceased drilling and began work instead on a deal with the local community.

Vale's Carborough Downs declares force majeure

Posted on June 1, 2012

Vale SA announced that Carborough Downs, the Company's metallurgical operations in Central Bowen Basin, Queensland state, Australia declared major force (FM) as of May 31, 2012., after the detection of abnormal levels of carbon monoxide in the mine.

Prophecy of diamonds keeps Israeli firm digging

Posted on May 30, 2012

Somewhere in the Carmel hills of northern Israel, diamond exploration company Shefa Yamim hopes to uncover the exact spot where faith meets science.

Singapore iron ore platform off to brisk start

Posted on May 30, 2012

Miner BHP Billiton sold two cargoes of iron ore via the GlobalOre trading platform that debuted on Wednesday, traders said, heralding the start of competition with top iron ore importer China's efforts to set an industry price benchmark.

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