October 11, 2012

Twiggy has a go at Rinehart for inherited wealth

Andrew "Twiggy" Forrest, the founder and chairman of Aussie iron ore stalwart Fortescue Metals Group (ASX:FMG) has issued a thinly-veiled attack against fellow mining magnate Gina Rinehart for inheriting her…

October 11, 2012

Fortescue’s best paid exec suffers $35 million loss on slide in shares

A recent plunge in Fortescue Metals' (ASE:FMG) shares has left the pockets of its best paid executive AUD$35 million lighter.

October 10, 2012

Stronger yuan will cheapen commodities for China: Leeb

Renowned investment guru Stephen Leeb says China is pushing for a stronger yuan in order to cut the cost of its commodities purchases.

October 10, 2012

Ferrum Americas Mining intersects 88.5 m grading 49.4% Fe at Cerro Rojo iron ore project in Bolivia

Ferrum Americas Mining intersects 88.5 m grading 49.4% Fe at Cerro Rojo iron ore project in Bolivia

October 9, 2012

Rio to cut jobs on concerns over China slowdown

Rio Tinto (ASX:RIO) has announced further retrenchments and cost cutting measures due to concerns that the slowdown in China's economic growth will be more pronounced than expected.

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.