Beijing's strategy to consolidate the domestic iron ore industry under six to eight large miners has been met with skepticism.
While the WA government is favours Chinese capitals, Australian junior Padbury Mining says it has secured $6.5 billion to take over the project, but refuses to reveal backer's name.
The West African nation is ready to withdraw the mining permits held by VBG, a company run by BSGR and Vale.
Australia's third biggest iron ore miner won’t give up on its full year export target of 127 million tonnes.
The biggest chunk of the investment will be allocated to CAP's Cerro Negro Norte operation in the country's north.
Brazil's mining sector is expected to see slower average growth rates through 2018 compared with previous years, a report by Business Monitor shows.
Operational update shows record production achieved for four commodities and at 10 operations.
Loan will help the miner improve its railway network and build a new mining and processing unit in Para state
Production of the steel-making material, however, increased by 16%, which means the miner is on track to meet its full-year target.
But copper production shoots up 17% in first quarter.
The 8% one-day drop in the iron ore price in March was the result of a new dynamic in the market: panicked selling by traders using ore as loan collateral.
Founder and chief investment officer of $49 billion DoubleLine Capital may be a huge China bear, but he likes gold.
BHP is losing big money on its push for a coking coal spot market.
The country's securities regulator, known as CVM, has found Batista waited 10 months to disclose that four oil fields were not commercially viable.
The probe was opened following a settlement with regulators that alleged JPMorgan manipulated power markets in the Midwest and California.
China's iron ore imports jump 21% to 74 million tonnes while copper imports surge 31%.
Of the 70 pirate attacks so far this year, 53 have been in the waters off Southeast Asia and West Africa and some 50 crew remain in captivity.
Iron ore is honing in on the $120 a tonne-level, long considered an industry price floor.
Brazilian giant acquired the interest in Simandou from diamond tycoon Beny Steinmetz's mining arm BSGR for $2.5 billion in 2010.
The stock fell almost 26% in Sydney after the company announced it expects be suspended from trading later this month.
Iron ore is up 12% from lows sparked by panicked selling from Chinese traders and mills using stockpiles for trade credit.
A diversified selection of commodity stocks is key.
Brazilian iron ore giant Vale has removed its six international employees and put its local workers on leave.
Especially the mooted $19 billion valuation.
Aaron Thomas sued for using company money to buy a $171,000 engagement ring and breast implants for his Brazilian fiancée and splurging $91,000 on a Las Vegas party, among others lavish indulgences.
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