Iron ore fell to a new 7-year low on Tuesday, but Guinea is pressing ahead with the auction of north Simandou, the richest undeveloped deposit in the world.
Simandou Mining News
Outcome will say a lot about the long-term prospects for the industry.
Steinmetz and three BSGR directors argued that Global Witness had obtained personal information about them without authorization and wanted it to be forced to reveal what specific data it held.
The court said Vale had failed to convince him to dismiss the case in which it is accused of conspiring to steal Rio's rights for part of iron ore reserve potentially worth billions.
Rio Tinto is suing Vale for billions over allegations the Brazilian giant and its former partner illegally acquired the West African iron ore deposit, one of the richest prizes in all of mining.
Walsh emphasized Rio was not planning any major acquisition to protect itself from a potential takeover by the commodity trader and miner rival.
By promising top shareholder Chinalco, Rio's stakes in Oyu Tolgoi and Simandou.
Report shows there are 39 assets in production within the Ebola-affected region.
Despite iron ore prices touching rock bottom, the top three producers have no plans to slowdown production. Quite the contrary.
The head of the iron ore division, Andrew Harding, defens Rio's own plans to ramp up ore production.
While BHP gets ready to further expand iron ore output, Glencore's Glasenberg warns the move will make investing in African iron ore a less appealing prospect.
Deutsche Bank warned Friday that gold producers are the most vulnerable to a further spread of the deadly disease.
The internal probe is reportedly focused on claims that BSGR bribed Guinean officials to get lucrative rights over Simandou.
But some of the nation's resources that are considered among the world’s largest, such as the Simandou iron ore deposit, face both financial and political challenges.
Tighter border controls are set to disrupt the flow of essential supplies and even workers trying to get to work at the African country's mining operations, companies say.
After the WHO declared the current outbreak an “international public health emergency.”
A leaked presentation suggests Glencore is very serious about developing one of mining's richest prizes – West Africa's vast Simandou iron ore deposit.
They would be going for the northern portion of the massive iron ore deposit, seized from Israeli billionaire Beny Steinmetz and mining giant Vale in April.
Frederic Cilins, a French businessman who worked as an intermediary for BSGR in Guinea, became the first person to receive a criminal sentence in a corruption investigation.
Diversified giant Anglo American won't be bidding for the one of the greatest iron ore prizes anywhere in the world.
World's No. 1 steelmaker, ArcelorMittal, said to be the most likely buyer of BHP's stake in Mount Nimba.
Analysts say it could be the single biggest litigation in mining history.
The world’s biggest iron ore miner says it's “actively considering its legal rights and options.”
The West African nation is ready to withdraw the mining permits held by VBG, a company run by BSGR and Vale.
Brazilian giant acquired the interest in Simandou from diamond tycoon Beny Steinmetz's mining arm BSGR for $2.5 billion in 2010.