November 20, 2012

Xstrata’s ‘Big Mick’: no stay-on bonus brings ‘unnecessary risks’

Xstrata shareholders rejected the $220 million retention bonus plan by a resounding 78.4%.

November 20, 2012

Mining CFOs more pessimistic than the rest of Canada’s financial officers

A lot gloomier than any other Canadian chief financial officer (CFO) are those executives working for mining companies, reveals industry-specific data published Tuesday by GE Capital as part of its…

November 20, 2012

BHP Billiton looks for new CEO outside mining

BHP Billiton's (NYSE:BHP), the world's largest mining company, has not been successful in its quest to find a suitable successor to Marius Kloppers, as the South African approaches his sixth…

November 20, 2012

China to slash taxes for domestic iron ore miners

Authorities consider current total tax rate of 25% to be excessive

November 20, 2012

Palmer in legal stoush with Chinese partners over Pilbara ore rights

CITIC Pacific lodges appeals with WA's Supreme Court to block Mineralogy's lease termination

November 19, 2012

Vale gets green light for railway expansion

Brazil’s Vale (NYSE:VALE), the world's number one iron ore producer, was granted Monday an environmental permit to expand the Carajás railroad (EFC), a key part of its plans to increase…

November 19, 2012

Cliffs Natural Resources delays massive iron ore projects

Cliffs Natural Resources (NYSE:CLF), U.S.’ s largest producer of iron-ore pellets, said Monday it would delay mine expansion in Quebec as well as a portion of production at two of…

November 18, 2012

Rail traffic totals dragged down by miners

But petroleum products are up a whopping 44.1% from last year.

November 17, 2012

Biker gangs infiltrate Australian mines to run prostitution rings

It's too dangerous to go against them.

November 16, 2012

Black Iron releases feasibility study showing 45.9% IRR, 2.2 year payback and U.S. $3.5 billion NPV for Shymanivske project

The bankable feasability study outlines an operation producing 9.2 million tonnes per year of high-grade 68% iron ore concentrate, projecting a 45.9% internal rate of return and a U.S. $3.5…