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Australia's iron ore exports to China up

Posted on March 4, 2012

Reuters reports iron ore shipments to Chinathrough Australia's Port Hedland rose modestly in February compared with January, according to data released by the port authority, suggesting steady demand from the world's largest steel industry after signs of a weak start to 2012.

BHP sees little impact from Glencore, Xstrata merger

Posted on February 8, 2012

The world's biggest miner, BHP Billiton (Hamburg: BHP1.HM – news), said Wednesday the planned blockbuster merger between Glencore and Xstrata (Dusseldorf: XTR.DU – news) would not impact on its strategy.

VTB Bank buys iron ore stake

Posted on December 29, 2011

Russia's second-largest lender VTB has bought a 20 percent stake in Metalloinvest, the country's largest iron ore miner part-owned by Alisher Usmanov, one of Russia's richest men.

African Barrick Gold to miss 2011 output target

Posted on December 9, 2011

African Barrick Gold said it will fall short of its 2011 production target because of escalating power disruptions to national grid electricity supply in Tanzania.

China pushing for iron ore pricing changes – exec

Posted on November 6, 2011

China, the world's biggest consumer of iron ore, is still hopeful that major foreign suppliers will change the way they set their prices, Zhu Jimin, chairman of the Shougang Group, one of the country's biggest steel producers, said on Sunday.

China iron ore destocking could take months-Fortescue

Posted on October 26, 2011

Global iron ore prices, down nearly 30 percent since early September, could take months to recover as Chinese steel mills work off inventories, Australian miner Fortescue Metals Group said on Wednesday

London platinum/palladium 0945 fix – Oct 7

Posted on October 7, 2011

FIX PREV FIX PLATINUM 1521.00 (1495.00) dlrs PALLADIUM 598.00 ( 588.00) dlrs per troy ounce

Mongolia puts politics ahead of business on giant copper deal

Posted on September 29, 2011

Mongolia's quest to renegotiate a 2009 deal to develop the giant Oyu Tolgoi copper-gold deposit might create a crisis of trust for foreign investors, but analysts said the decision could help it

Anglo Asian to explore new gold mine in Azerbaijan

Posted on September 22, 2011

BAKU, Sept 22 (Reuters) – Anglo Asian Mining (LSE: AAZ.L – news) plans to start work at the Gosha gold mine in Azerbaijan in the second half of 2012 after the successful launch of production at the neighbouring Gedabek mine, the company said in a

Mongolia eyes changes to Oyu Tolgoi copper deal

Posted on September 20, 2011

The Mongolian government is discussing possible changes to a 2009 investment agreement for the massive Oyu Tolgoi copper-gold deposit, media reports quoted Mongolia's finance minister, S. Bayartsogt, as saying Tuesday.

The 2009 deal gave a 66 percent stake in the multibillion-dollar Oyu Tolgoi project in Mongolia's South Gobi region to the Canadian miner Ivanhoe Mines (Toronto: IVN.TO – news) , in which mining giant Rio Tinto now owns a 48.5 percent stake. The government has the remaining 34 percent stake.