June 4, 2013

Falling commodity prices hit Aussie miners the hardest: profits fall 49%

The world's 40 largest miners announced a massive $45 billion in writedowns last year.

June 4, 2013

Iron ore price surges 4%

Rally in steelmaking ingredient gathers steam.

June 3, 2013

Traders catch iron ore price fall

Iron ore price recovers from one of its worst trading weeks in years.

June 3, 2013

Survey of mining executives reveals renewed pessimism in the sector

Iron ore, molybdenum and nickel are the main commodities executives see as having the highest likelihood of depreciating in value over the next three years.

June 3, 2013

Glencore Xstrata and Indian firms eye Rio’s $10bn assets for sale

Sale is part of CEO Sam Walsh’s plans to reduce operating costs by $5 billion over the next two years.

June 2, 2013

Glencore Xstrata and Blackstone eye Rio Tinto’s stake in Iron Ore Company of Canada

Rio trying to sell its 59% stake.

June 2, 2013

Minnesota company to launch iron ore plant in Indiana

An abandoned ethanol plant in White County is expected to be converted into an iron ore factory under a plan by a Minnesota company.

June 1, 2013

Iron ore price: China’s weekend surprise could stop slump turning into rout

Better economic news from China over the weekend could help iron ore prices recover from last week's big scare.

May 30, 2013

Numbers don’t lie: Aussie capex drops, mining boom is over

Capital expenditure in mining peaked last year, stabilized in the second half of 2012 and then plunged steeply in the March quarter, wiping almost $1.5 billion off Australia's quarterly output.

May 30, 2013

Iron ore prices hit seven-month low, Aussie miners affected

Drop has prompted investors to exit pure-play stocks, such as Fortescue Metals Group.