April 12, 2015

Atlas Iron shuts down production on low iron ore price

Atlas Iron is shutting down its operations due to low iron ore prices, the company announced on Friday.

April 10, 2015

Minnesota iron ore trust dissolves after 108 years

After 700 million tonnes shipped, the Great Northern Iron Ore Properties trust set up by railroad baron James J Hill in 1906 was terminated this week.

April 10, 2015

Mick Davis first deal to land in Canada: report

Davis is said to be finalizing talks with a Toronto-listed miner, in a deal that could kick-off a long awaited buying spree.

April 10, 2015

BHP won’t reveal tax bill estimate in audit over Singapore hubs

On the last of a three-day national hearing, BHP and Rio acknowledged they were in ongoing discussions with auditors from the Australian tax authority.

April 9, 2015

Price slump prompts layoffs at Iron Ore Canada

150 workers let go as at Rio Tinto-owned mine in Labrador West and Quebec.

April 8, 2015

Quebec mining fund ready to pull trigger on $1bn investments

Quebec's $1 billion Capital Mines Hydrocarbures fund is close to buying equity stakes in mining projects outside iron ore worth as much as $200m a shot.

April 8, 2015

Canada’s Quebec re-launches less ambitious Plan Nord

The province now expects to attract Cdn$50 billion in investment, down from its 2011 forecast of Cdn$80 billion.

April 8, 2015

Signs of life for mining M&A

Mining transactions almost doubled last year and the trend is likely to stretch over 2015, as lower commodity prices are making some unprofitable.

April 8, 2015

Australia treasurer vows to block Glencore-Rio Tinto merger

This wouldn’t be the first time Hockey hinders a major corporate deal in Australia.

April 7, 2015

Batista trial descending into farce

The Brazilian judge in Eike Batista's landmark trial was first caught driving mining tycoon's seized Porsche and is now charged with embezzling drug money.