September 18, 2012 Fortescue Metals averts disaster with $4.5 bln credit facility Australian iron ore stalwart Fortescue Metals Group (ASX:FMG) has managed to avert its debt woes by obtaining a fresh USD$4.5 billion credit facility.
September 18, 2012 BHP boss tops list of Australia’s best-paid CEO’s yet reported earnings fail to tell the full story BHP Billiton (ASX:BHP) head Marius Kloppers has topped a recent list of Australia's best-paid corporate bosses for 2011 yet inadequacies in reporting requirements means much CEO income remains undisclosed.
September 17, 2012 Iron ore rebound continues Iron ore has been under pressure this quarter as China's steel industry struggles with rising inventories, overcapacity and overproduction.
September 17, 2012 Vale stock gains as Carajas work restarts Vale (NYSE:VALE) won a court order on Friday that allows the company to resume work to double railway capacity as part its massive Carajas expansion project.
September 17, 2012 Northern Iron suspends exploratory plans following iron ore price dive Mining junior Northern Iron (ASX:NFE) has suspended exploratory plans due to sharp declines in iron ore prices which have severely affected the sector's other major players.
September 17, 2012 China’s biggest bank dials down Aussie resource sector lending China's ICBC has announced a reduction in its lending to Australia's resource sector due to concerns that the mining boom is nearing an end.
September 16, 2012 Metal prices to crater in three years due to Chinese re-balancing A belated rebalancing of the Chinese economy will lead to a collapse in commodities prices by 2015 according one of the West's leading experts on the PRC's economy.
September 16, 2012 The iron ore conundrum Earlier this week, the Supreme Court allowed 18 mines to resume operations in Karnataka, partially easing a 16-month ban on iron ore mining because of environmental concerns. The decision should…
September 16, 2012 How China drives commodities down Australia's resources minister, Martin Ferguson, has caused a stir with his assertion that the country's mining boom, one of the biggest drivers of its economic growth, is "over". As he…
September 14, 2012 Good news for Batista Batista's new terminal means his MMX group can double what it asks for iron ore.
Iron ore price nears best close since November on year-end metal rally The steelmaking ingredient advanced for a third straight session in Singapore, climbing nearly 1.8% to as much as $106.55 a ton in intraday trading. December 29, 2025 | 07:51 am
