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.

September 27, 2012

BHP expects economic growth in China to strengthen through year-end, long-term view positive

Alan Chirgwin, general manager of marketing at BHP Billiton's iron ore division, said the company expects economic growth in China to firm up through the rest of the year. He…

September 27, 2012

Survey: Finland is top mining destination, Mexico jumps 16 places

Australia's Dragon Mining announced the discovery of a promising new area of gold deposits in Kuusamo, Finland, only hours after the country was announced as the top destination for mining…

September 27, 2012

BHP hopes for an extension to Olympic Dam expansion plan

BHP Billiton, the world's number one miner, has put its $30 billion Olympic Dam copper-uranium expansion back in the spotlight by asking South Australia state for a 46-month extension for…

September 27, 2012

Aussie mining heiresses duke it out in court over Hope Downs deposits

The scions of two of Australia's leading mining dynasties are waging battle in court once again, this time over ownership of the Hope Downs iron ore deposits in Western Australia's…