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.

October 5, 2012

New mining rules coming up for Canada’s northern Ontario already igniting debate

A new set of regulations for prospectors and mining companies working claims in Northern Ontario, Canada, which goes into effect Nov. 1, is already stirring some controversy as First Nations…

October 5, 2012

Kloppers offloads $5 million BHP stock. Don’t worry it’s just a tax thing

At the same time the 50-year-old boss of the world's number one miner also pocketed 300,000 BHP shares worth more than $10 million thanks to the company's employee share incentive…

October 5, 2012

Asteroid-mining firm hiring “space nuts” and interns

Google’s billionaire co-founders and filmmaker James Cameron’s owned asteroid-mining focused Planetary Resources is hiring interns for 2013.

October 5, 2012

Indian state of Goa forced to halt all mines

India’s Supreme Court order the state of Goa to halted all mining activities in Goa, including transportation of already mined manganese and iron ore, and sought responses of the union…

October 5, 2012

Vale freezes operations at two plants due to falling steel demand

Brazil’s mining giant Vale (NYSE: VALE) will temporarily halt operations at its São Luís and Tubarão I and II pellet plants starting October 8 and November 13 respectively.

October 5, 2012

IBM expands into resource sector as miners strive to tamp rising costs

IBM is ramping up its provision of services and equipment to the Australian resources sector as rising costs compel miners to seek to cheaper and more efficient operating methods.