January 25, 2013

How trading iron ore is like the used car business

Both represent 'asymmetric information' at work.

January 24, 2013

Big 4’s massive new iron ore supply cutting juniors off at the knees

Projects by smaller players won't survive the double digit prices that are coming soon.

January 23, 2013

BHP axes coal costs, fuels aluminum writedown speculation

In its half-year production update, BHP highlighted challenges faced by its aluminum and nickel businesses.

January 22, 2013

Cyclone off Australia halts world shipments of iron ore

Three major ports closed affecting big miners Rio Tinto, BHP and Fortescue.

January 22, 2013

South Africa becomes China’s third biggest iron ore supplier

Rival exporter India struggles to overcome troubles in its mining sector, while Australia remains well in the lead

January 21, 2013

Rinehart tells Rio Tinto to move HQ to Australia

Mining billionaire Gina Rinehart says said most of Rio's money was generated in Western Australia and that the miner should set up in Perth.

January 21, 2013

S.Africa replaces India as China’s No 3 iron ore supplier

South Africa overtook India to become China's third-biggest iron ore supplier in 2012, while Australia strengthened its dominant position as the major supplier to Beijing, data from customs showed on…

January 21, 2013

Canada firm as top mining destination: report

Exploration investment in the country reached a record high of $3.9 billion in 2011, with the three territories receiving 22% of the total international spending for the year.

January 21, 2013

Rio Tinto fighting to keep Australia in top iron ore producer spot

Even with significant ore bodies coming on stream from 2015 onwards in Brazil (Anglo’s Minas Rio and Vale’s Serra Sul), Australia will be able to keep its crown in this…

January 21, 2013

Report: Anglo American set for $5bn Minas Rio writedown

Delays at the Brazilian iron ore project cost Anglo and former CEO Cynthia Carroll dearly.