February 2, 2015 ‘Now is a good time to deploy capital’ – private equity group secures $450 million No money for iron ore.
January 31, 2015 Roundup takeaway 1: outsmart tough odds It’s a common stat in the sector: only 1 in 1,000 discoveries becomes a mine. But David Harquail, president and CEO of Franco-Nevada, takes that sobering fact one step farther.
January 30, 2015 Commodity slump forces BC Iron to quit Brazilian project, revalue mines The Australian junior iron ore producer is also studying whether it needs to write down the value of any assets ahead of next month’s half-year result.
January 30, 2015 BHP axing up to 300 Olympic Dam jobs The decision caps off a dreadful month for South Australia’s mining sector.
January 29, 2015 ‘Resounding bearishness’ grips iron ore market The iron ore price fell again on Thursday losing nearly 6% in four days and falling to a fresh five-and-a-half year low within shouting distance of $60.
January 29, 2015 Here is how metal-eating bacteria may make asteroid mining profitable The technique, known as biomining, is already being tested here on Earth as a sustainable treatment of ores and mine waste.
January 29, 2015 Mining M&A: Private equity can’t run away fast enough The smart money is waiting for fire sale prices before jumping into metals and mining. Or worse; has simply lost interest in the sector.
January 28, 2015 Anglo American set for commodity slump-triggered charge The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.
January 27, 2015 Cliffs restructures Bloom Lake iron ore mine, seeks creditor protection Chief Executive Lourenco Goncalves said restructuring proceedings have begun in Montreal and sale options will be explored.
January 27, 2015 Another day another iron ore price drop Another slide on Tuesday drops iron ore price 13.4% year to date, but latest forecasts see another double digit dip from current levels.
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