May 20, 2014

CHART: Unnerving slide in iron ore price continues

This year iron ore is down 27% hitting a fresh low of $97.50 on Tuesday, echoing 2011 and 2012 when the price dropped by a third in a matter of…

May 19, 2014

$20bn Rio Tinto-Guinea deal on Simandou close

Rio Tinto CEO Sam Walsh says agreement on funding and execution of $20 billion Simandou iron ore project will "inject new momentum".

May 19, 2014

Expected Indian iron ore exports just not happening

India was set to substantially grow exports this year, but now courts have shut down an additional 26 mines with combined output of 40 million tonnes.

May 19, 2014

Iron ore price drops to double digits

"Now that we broke through $100, I think that's a very bearish sign. It shows you there's a lot of supply around"

May 18, 2014

Africa FDI at decade high

Foreign direct investment is shifting from extractive industries to consumer-related sectors according to new report.

May 18, 2014

Global mining deals picking up, but far from returning to boom times

Companies’ low valuation, the current focus on operational efficiency in the mining sector, and the chase for overseas assets by Chinese investors, are pushing deals up.

May 16, 2014

Iron ore price crashes to $100 on China steel crisis

Iron ore price gives up 2% on Friday falling to a 21-month low as Chinese steel price drops to record low.

May 16, 2014

Vale fires 500 coal miners in Australia, shuts down operations

Vale says mines are not economically feasible under current market conditions.

May 16, 2014

INFOGRAPHIC: Iron Ore—The strength behind the world’s leading industries

The value of iron ore produced in the US. amounted to $5 billion last year.

May 14, 2014

Australian government eliminates mining tax

The announcement was part of the Federal Budget unveiled Tuesday night, considered the toughest in almost two decades.