April 15, 2015

Iron ore price back below $50 after Chinese property shock

GDP slowdown was expected but China's property sector, responsible for half of steel demand, is in a tailspin as Q1 unsold inventory rises 24%.

April 15, 2015

Asteroid miner puts first demonstration spaceship in orbit

The Arkyd 3 Reflight (A3R) will spent three month in orbit trying to identify subsystems to explore and prospect for valuable resources on asteroids.

April 14, 2015

Citi’s ‘end of the Iron Age’ note triggers waves of downgrades

The International Monetary Fund and Standard and Poor's, in turn, predict prices for the steelmaking material are set to fall even further.

April 13, 2015

Iron ore price surges on Chinese import growth

Up 3.2% on Monday after commodity trade data surprise.

April 12, 2015

Cliffs puts more Canadian assets on the block

Four months after shutting down its Bloom Lake iron ore mine as part of a plan to exit Eastern Canada amid low commodity prices, U.S. miner Cliffs Natural Resources (NYSE:CLF)…

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.