October 9, 2012

BHP sells first bond offering in Australia in over a decade

BHP Billiton sold Tuesday A$1 billion ($1.02 billion) of bonds in its first offering of debt in the Aussie market in more than a decade, as the company announces cutbacks…

October 9, 2012

BHP announces iron ore retrenchments on resource sector slowdown

BHP Billiton (ASX:BHP) has announced retrenchments for its iron ore operations due to tepid prices and rising costs.

October 8, 2012

Making up for lost time, Chinese traders send iron ore soaring 6%

On Monday upbeat Chinese traders came back from a week-long break and chased the price of the commodity to $110.40.

October 8, 2012

Australia’s growth prospects downgraded by IMF on commodities dependence

The International Monetary Fund's 2013 growth forecast for Australia has been moderately reduced due to the country's significant exposure to international commodities markets.

October 8, 2012

Kumba Iron declares force majeure in South Africa

The 40 million tonnes a year Sishen mine only has enough stockpiles for a week.

October 8, 2012

BHP cuts iron ore jobs

BHP Billiton's efforts to control costs in the face of weaker demand for key industrial commodities has shifted to cutting jobs at its Australian iron ore operations, the biggest driver…

October 8, 2012

Arrium spurned billion dollar bid on expectations of iron ore rebound

Aussie iron ore miner and steelmaker Arrium (ASX:ARI) has stated publicly that it spurned a $1 billion takeover bid from a Korean consortium due to expectations of a rebound in…

October 7, 2012

Commodity stocks: improving returns with no extra volatility

The power of commodities enhances a portfolio

October 7, 2012

China finds funding for iron ore junior in Labrador

Some businesses still believe the commodity supercycle is intact

October 5, 2012

Vale back to work at Carajás after blockade lifted

Vale was granted a preliminary environmental license for the new mine in June, but the $100 billion company has run into problems with the project before.