Iron Ore Mining News

Canadian regulators to hear arguments over Baffinland takeover battle

The hearings by the Ontario Securities regulators will address whether Nunavut is capable of carrying out its C$1.45 per share offer for 60% of the iron ore miner TORONTO (Reuters) - Canadian security regulators will hear arguments on Thursday for

ArcelorMittal won't extend Baffinland bid deadline to accommodate OSC

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

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

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

Doppelmayr rope conveyor concept study looks promising for Apurimac iron ore

Apurimac Ferrum (AF) has commenced a concept-level study into the potential for a rope conveyor (by Doppelmayr) for the Apurimac project in Peru. Read more

China to spend $4.48bn on domestic mining exploration

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

Xstrata wants to build global iron ore unit

Anglo-Swiss miner Xstrata Plc is looking for more iron ore acquisitions beyond its current takeover bid for Australia's Sphere Minerals , Xstrata's coal and iron ore division chief Peter Freyberg said. The Economic Times reports

Vale, Xstrata still viewed as Baffinland buyers

Baffinland Iron Mines shares are pushing well past the most recent offer price for the company on bets that a company such as Vale SA or Xstrata PLC will make a blockbuster bid to keep […]

Metso makes assembled crushers attractive to iron ore customer

Metso Minerals assembled crushers save time and improve safety for iron ore concentrator in Western Australia at the Karara project. This is an integrated development of a magnetite deposit, to produce both high grade magnetite concentrate on-site and […]

BHP, Rio scrap $116bn iron JV

Caving to opposition from all sides, the two firms shelved the joint venture that they claim would have reaped more than $10bn in savings, 16 months after they first unveiled the plan. Read more

ABB wins $47 million power orders to support mining expansion in Australia

ABB, the leading power and automation technology group, has won orders worth $47 million to supply power substations to help Rio Tinto increase production capacity at iron ore mines in the Pilbara region of Western […]

World first technology and strategic Russian/South African partnership set to assist in conquering the global 1.3 billion tonne steel market

An initial investment by OAO Severstal, one of the world’s leading integrated steel and mining companies, into South African company Iron Mineral Beneficiation Services (IMBS), could see IMBS’s cutting-edge technology enter the global market and […]

World Steel Association expects record 2010

“Stronger-than-expected increases in steel demand in Europe, Japan and the former Soviet Union are propelling the global steel industry to a robust recovery this year, according to forecasts released by the World Steel Association. The […]

Strong 3-6 months for nickel, then supply growth to hit; iron ore outlook positive

While the nickel market looks firm in the near term, Macquarie analysts report that longer term supply growth could impact prices. Iron ore prospects look good for the time being. Read more

ABB wins comprehensive service contract for Boliden's Aitik mine

ABB, the leading power and automation technology group, has won a maintenance service contract from Boliden AB to maintain the high productivity, increased energy efficiency and lower operating costs afforded by ABB power and automation […]

Tenova TAKRAF wins iron ore bulk handling equipment orders in Brazil and Mauritania

Tenova TAKRAF was recently awarded a new order by Vale for an iron ore stacker to be installed at Ponta de Madeira Terminal, Brazil. Read more

Outotec to Supply Iron Ore Sinter Plant for SAIL in India

Outotec has won an order from Steel Authority of India Ltd (SAIL) for the design and delivery of an iron ore sinter plant for SAIL's Bhilai Steel Plant in Chhattisgarh. MEI Online reports

Lokotrack & Lokolink – success of truckless system in Samarco

Samarco is an iron ore mining company formed by a joint venture between two giants: Vale and BHP Billiton. Samarco's mine is located in the Southeast region of Brazil, in Minas Gerais State, approximately 600 […]

Anglesey Mining – Labrador barriers to be removed

Anglesey Mining plc’s 41% owned associate Labrador Iron Mines (TSX:LIM) has reported that agreement has been reached with the Innu Matimekush–Lac John to immediately remove the barriers that had restricted normal access from the town […]

Metso to supply mining equipment to the Karara iron ore project in Australia

Metso will supply mining equipment to Gindalbie Metals Limited for their Karara iron ore project situated in the Midwest region of Western Australia. The delivery will be completed during the second quarter of 2011. Read […]

ABB wins three-year maintenance partnership agreement in Oman

Agreement covers project planning, commissioning and long-term maintenance management to maximize efficient operation at Vale’s iron ore and pellet plant and distribution center in Oman. Read the full press release

Rio Tinto to invest additional US$790 million in expansion of Pilbara capacity to 330 Mtpa

Rio Tinto is to invest a further US$790 million in its drive to expand the annual capacity of iron ore operations in the Pilbara to 330 million tonnes. Read more

Rio Tinto to invest US$170m for the next stage of the Simandou iron ore project in Guinea

Rio Tinto has advanced to the next stage of developing its world-class Simandou iron ore project in Guinea, approving US$170 million of further funding for mine, rail and port infrastructure work. Read more

Increasing prices, demand lead to increase in mining projects

The increase in the gold price, the stability of the platinum price and increasing demand for copper, iron-ore and coal from China and India are leading to increased diversified mining in Africa, says engineering consultancy […]

Riversdale Mining signs agreements with Chinese venture partners for the development of the Zambeze Coal Project, Mozambique

Riversdale Mining Limited (ASX: RIV) has signed a non‐binding Memorandum of Understanding (“MoU”) with Wuhan Iron and Steel (Group) Corporation (“WISCO”) and a logistics partnership agreement with the China Communications Construction Company ("CCCC") for the […]

Larox Flowsys introduces heavier knife gate valves to withstand higher pressures

The new line of Larox Knife gate valves prove to be advantageous over competition. Along with the industrial cast-iron body and heavy duty stainless steel gate, each Larox Knife gate valve is fully loaded and […]