April 28, 2014

Mick Davis wants BHP’s coal division to be cornerstone of his new mining empire

Davis’ X2 Resources has already built a war chest of almost $4 billion and is believed to be asking JPMorgan for US$8bn loan to back up a formal offer to…

April 28, 2014

Vale mulls legal action over lost iron ore rights in Guinea

The world’s biggest iron ore miner says it's “actively considering its legal rights and options.”

April 24, 2014

Brazil appeals court rules in Vale’s favour over $10bn tax bill

Brazil's second highest court has ruled in favour of iron ore giant Vale in a $10 billion decade-long dispute over taxation of foreign subsidiaries.

April 24, 2014

Platinum strike doesn’t get to spoil Anglo American’s first quarter results

Platinum output fell by nearly 40% as a consequence of a more than three-month strike over pay in the sector South Africa.

April 23, 2014

BHP cuts ribbon at its $3.6bn Jimblebar iron ore mine expansion

The mine has an initial annual production capacity of 35 million tonnes and is a key part of BHP's plans to lift capacity from its Pilbara operations to 220 million…

April 22, 2014

Australia’s $6.5bn Oakajee project backer holds long record of shady businesses

The Oakajee port and rail project has the potential to become one of the major suppliers of Australian iron ore to Asia.

April 20, 2014

Barclays is the next big bank pulling out of commodities: report

The English bank is planning to sell large parts of its metals, agricultural and energy business.

April 18, 2014

One more reason iron ore price won’t stray too far from $120

Beijing's strategy to consolidate the domestic iron ore industry under six to eight large miners has been met with skepticism.

April 17, 2014

China, Japan and ‘mystery local billionaire’ potential developers of Oakajee project

While the WA government is favours Chinese capitals, Australian junior Padbury Mining says it has secured $6.5 billion to take over the project, but refuses to reveal backer's name.

April 17, 2014

Guinea government to strip Vale, BSGR of all Simandou rights

The West African nation is ready to withdraw the mining permits held by VBG, a company run by BSGR and Vale.