March 6, 2017

Iron ore price drops to 1-month low, coking coal rebounds

Iron ore stockpiles at Chinese ports reach record high, but Beijing steel and coal capacity cuts should lend support to high-grade imports, met coal prices.

March 6, 2017

Canada’s Gov’t gives mining explorers a full extra year of tax credit

The 15% Mineral Exploration Tax Credit, which was slated to expire at the end of this month, has been extended until March 31, 2018.

March 5, 2017

Indian iron ore shipments up 169%

The amount of iron ore handled by India's ports has more than doubled in the period between April 2016 and January 2017.

March 5, 2017

Mining industry leaders meet again at PDAC 2017

For the second consecutive year, PDAC will host the International Mines Ministers Summit (IMMS) with 25 countries attending to it.

March 3, 2017

Rio Tinto defers former CEO Walsh bonus over Guinea scandal

Sam Walsh's bonuses, potentially worth millions, had been delayed for at least two years as investigations continue into dubious payments related to Simandou iron ore project in Africa.

March 2, 2017

CAT shares hammered as feds search offices

Federal officials executed a search warrant at three of Caterpillar facilities, including the corporate headquarters in Peoria.

March 1, 2017

BC Iron tries its luck in the potash industry

Joint venture with Kalium Lakes has added the Carnegie potash project in Western Australia to the company’s increasingly diverse project portfolio.

February 28, 2017

Canada’s Saskatchewan and Manitoba are the world’s new top mining destinations

Both provinces displaced Western Australia from the first to the third place thanks partly to their rich mineral reserves, competitive tax regimes, efficient permitting procedures, and certainty surrounding environmental regulations.

February 26, 2017

IOC green-lights new iron ore pit in Labrador

The Iron Ore Company of Canada (IOC) is taking advantage of rocketing iron ore prices by pushing forward with its Wabush 3 iron ore mine in Labrador, Canada.

February 23, 2017

Vale swings back into the black on soaring iron ore prices

The world's No.1 iron-ore producer recorded a net profit of $3.98 billion in 2016, a significant recovery from a loss of $12.13 billion it reported a year earlier.