Brings the total to $4 billion for the year.
Iron Ore Mining News
As always when prices start to decline after a surge that appeared unrelated to supply-demand fundamentals, the question is will the reverse become a rout and where exactly does fair value lie?
He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.
Now Australia's central bank wades into debate about the direction of the iron ore price.
BHP Billiton Foundation announced Tuesday its financial support for two new global projects launched at an event held in Washington DC.
Investors to vote on the two resolutions submitted ethical investing group ACCR at BHP’s annual general meeting in London in October.
The company is also interested in investing in the electricity sector itself or through a joint venture.
Chinese steelmakers are producing at record rates before mandated cuts in winter which could result in a steep drop-off in iron ore demand later this year.
He joined the company's board in September 2011 and was appointed chief financial officer in April 2013.
The company, India's biggest local steelmaker, aims to be producing 80% of the iron ore needed for its flagship plant in south India in three years time
North Korea may not have proved petroleum reserves, but it's estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion.
Mineral exploration spending (excluding petroleum), which rose 9.9 per cent in the June quarter to an estimated $437.7 million on a seasonally adjusted basis.
Ever since the invention of the internal combustion engine, oil has been one of the most crucial commodities on Earth.
Is the industrial metals and steelmaking raw materials rally at en end?
South Africa holds the world's biggest reserves of platinum, chrome and manganese, but investment in the sector has dropped in each of the past two years as a result of increasing legal uncertainty and labour disputes.
Steelmakers have accused the four countries of dumping the steel used in construction and machinery so the European Commission, the trade policy watchdog, had set out plans to levy tariffs of up to 33 percent.
Those that do not pass the tests will have to make necessary improvements by the end of December or face closure.
Prices for iron ore and coking coal, the two key ingredients for steelmaking, are set to remain buoyant for the remainder of the year, Macquarie Bank predicted in a recent report.
The Green Party wants to create New Zealand’s largest marine mammal sanctuary in order to stop extractive activities in the South Taranaki Bight
The business could fetch around $10 billion, two banking sources said.
The loss was in part due to weakness in the price of nickel, with zinc remaining flat and copper seeing a slight increase.
Silvergrass adds 10 million tonnes of iron ore to the market as price stabilizes in the mid-$70s.
Federal judge Rolando Spanholo said opening the area known as Renca to mining can only be done by an act of Congress under the constitution.
The miner, South Africa’s largest gold producer, said that in the absence of a dividend, it’ll give investors two new shares for every 100 held.
Brazil's government will revise a decree that opened up a vast mineral reserve in the Amazon rainforest to mining responding to overwhelming criticism.