June 17, 2013

Resurgent Aussie dollar gives huge boost to Brazil, South Africa iron ore exporters

While the real and rand continues to weaken significantly, the Australian dollar is staging an impressive comeback and dealing damage to Rio Tinto and BHP.

June 15, 2013

Rio Tinto raises US$3 billion in bond issue

Bookrunners are BNP Paribas Securities Corp., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Credit Suisse (USA) LLC and RBS Securities Inc.

June 14, 2013

Miners’ new trilogy: flat revenues, profit drop and weak share prices

Report shows mining companies are not longer trusted on their abilities to control costs, deliver on promises and cope with resource nationalization demands.

June 14, 2013

Mitsubishi puts Australian iron ore project on hold

It failed to find an investment partner.

June 13, 2013

Back from holidays, Chinese traders chase iron ore higher

After a three day break, Chinese traders make the most of soft iron ore prices to replenish inventories that remain more than 20% lower than a year ago.

June 13, 2013

Access to capital the top current challenge for the mining sector: Ernst & Young

The report also says junior miners will continue to be cash strapped for at least another year, as the global mining industry slows down.

June 12, 2013

Ring of Fire ambitions on hold for Cliffs Natural Resources

Cliffs Natural Resources suspends its chromite project while it negotiates with government.

June 12, 2013

‘Complex’ Simandou production date put in doubt

Guinea says the massive iron ore project will miss first production set for 2015.

June 12, 2013

Anglo American forges ahead with $8.8 billion Brazil project despite huge overruns

"We still believe in a world where iron ore can be profitable at a cost of 50 dollars per ton.”

June 12, 2013

Brazilian mining giant urges Australia’s miners to recognise reforms

Structural reforms being put in place enhance international investment appeal.