October 16, 2012

BHP Billiton production report

The company outlines record petroleum production, an increase in Queensland coal volumes and a milestone achievement from Western Australia Iron Ore.

October 16, 2012

Rio Tinto logs record iron ore output in the Pilbara

Diversified mining giant Rio Tinto (ASX:RIO) has raised iron ore output 5% year-on-year in the third quarter on the back of record production levels in Western Australia's Pilbara.

October 15, 2012

More than half of mining execs think industry is on its way up

Mining executives see lots of more sunny days in 2013 with 55% of participants in a recent survey saying they believe their sector will perform better than it did in…

October 15, 2012

Vale seeks $500 million IADB financing for potash project

Brazilian giant miner Vale (NYSE: VALE) is about to close a $500 million loan agreement with the Inter-American Development Bank (IADB) for its Rio Colorado potash project in Mendoza, Argentina.

October 15, 2012

Anglo American iron ore unit fires striking miners

Anglo America's (NYSE:AAL) Kumba Iron Ore announced on Monday that it had fired almost 300 workers in South Africa for participating in an illegal strike and commandeering millions in company…

October 15, 2012

New study says Brazil is about to flood export markets with iron ore

Brazil is slated to produce 820 million tonne of iron ore in 2016, a more than 60% jump from today's levels. How will Chinese demand keep up?

October 14, 2012

Macmahon expects gold to shore up company outlook

The CEO of Australia's Macmahon Holdings (ASX:MAH) expects gold to continue performing well despite the weak outlook for the mining sector in general.

October 14, 2012

China’s iron ore imports hit 20-month peak in September

Chinese imports of iron ore hit a 20-month peak in the month of September with steelmakers engaging a buying spree as spot prices bottomed out.

October 13, 2012

Rio still upbeat on iron ore

The head of Rio Tinto's (ASE:RIO) iron ore business in Western Australia has expressed optimism about the sector's prospects despite a plunge in spot prices this year and concerns over…

October 13, 2012

Fortescue lifts credit extension by $500 million

Australian iron ore titan Fortescue Metals Group (ASE:FMG) has increased the size of its credit facility by USD$500 million.