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.

May 13, 2014

BHP Billiton CEO speaks at Miami conference

The company has been trying to sell its 41.3% stake in Mount Nimba in Guinea since July 2012, as a boost to its plans to exit West Africa and focus…

May 12, 2014

BHP Billiton ready to offload Guinea iron ore stake

World's No. 1 steelmaker, ArcelorMittal, said to be the most likely buyer of BHP's stake in Mount Nimba.

May 9, 2014

ArcelorMittal Europe reports $79m operating profit

The world's largest steel producer expects global consumption to increase by approximately 3% to 3.5% this year.