October 2, 2012

Fortescue wins eight year court case against corporate regulators

The Australian High Court has ruled in favor of Fortescue Metals Group (ASX:FMG) in a case brought against the mining giant eight years ago by the Australian Securities and Investments…

October 1, 2012

Chinese backing in Labrador Trough softens impact of iron ore plunge

"They all say that the Chinese firms believe the market volatility is temporary, and that pricing should return to $120 or $130 in the coming months."

October 1, 2012

Arrium Mining surges after spurning billion dollar bid

Australian steelmaker and iron miner Arrium (ASX:ARI) has seen its shares surge after rejecting a $1 billion takeover bid for the company's mines and blast furnace.

September 28, 2012

CoAL takes financial director to court over breaches of duties

Coal of Africa Limited (CoAL) CEO John Wallington said that the company has initiated proceedings to take former financial director Blair Sergeant to court over breaches of duties by Sergeant…

September 28, 2012

Shares of Sundance Resources pulled from trading pending announcement of Hanlong’s takeover bid

Shares of Sundance Resources have been suspended from trading in anticipation of Hanlong Mining Investment's forthcoming USD 0.45-per-share bid for the company's stock. The offer was expected to be announced…

September 28, 2012

Rio Tinto-OMC $2 billion join venture to be shelved

A 17-year-old agreement to develop about $2 billion worth in iron ore deposits between, mining giant Rio Tinto and state-own Odisha Mining Corporation , is about to be nothing but…

September 28, 2012

NASA takes asteroid mining seriously; funds viability study

Only five months after Google’s billionaire co-founders and filmmaker James Cameron officially launched their asteroid mining focused Planetary Resources company, the U.S. National Aeronautics and Space Administration (NASA) is funding…

September 28, 2012

Chinese stimulus spending won’t save Aussie iron ore boom

A senior manager from China's largest listed steel maker has said the government's stimulus package will do little to revive Australia's beleaguered iron ore sector.

September 28, 2012

China’s economic slowdown to hit commodities exporters hard

A new report released by the International Monetary Fund (IMF) indicates that commodities exporters and emerging economies will be hardest hit by slower growth in China and a concomitant decline…

September 27, 2012

Vale says iron ore won’t go below $100 – 40% of Chinese output is already off the market

With iron content in domestic Chinese ore at only 20%, the country simply cannot compete on price with the top exporting countries.