September 5, 2012

Fortescue offloads Pilbara power station for $300 million

Fortescue Metals Group (ASX:FMG) has sold a power station in the Pilbara in an effort by the troubled iron producer to further reduce costs.

September 4, 2012

Rising costs and weak commodities imperil AUD$100 billion in scheduled projects

Rising labor and construction costs as well as declines in commodities prices have cast doubt on AUD$100 billion in mining and energy projects in Australia.

September 3, 2012

Could iron ore prices stage an early comeback?

Analysts predict a recovery in the price of iron ore this month following a dive in spot prices below key lower thresholds which has left the shares of major Australian…

September 1, 2012

Lego robots teach students in hope of filling hi-tech skills gap

A school in Western Australia has adopted the innovative pedagogic technique of using Lego robotics to teach students about mining processes, with the long-term goal of providing skilled tech-savvy workers…

August 31, 2012

Cliffs and United Steelworkers Agree to Short-term Labor Contract Extension

Clliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today a short-term extension of its labor contract with the United Steelworkers (USW) since both parties have not reached a new…

August 31, 2012

Diving iron ore prices drag Aussie miners lower

A recent dive in iron ore prices spurred by China's slowing economy has dragged down the share prices of major Australian miners.

August 31, 2012

Fortescue chief raises stake in company by AUD$39 million as iron ore prices plunge

The founder and chairman of Fortescue Metals Group (ASX:FMG) Andrew Forrest raised his stake in the company by AUD$39 million this week amidst declines in the prices of both Fortescue…

August 31, 2012

Chinese firms invest in smelters as Indonesian ore export ban approaches

Chinese firms plan to invest up to AUD$8.6 billion in Indonesian smelters to mitigate the impact of a ban on unprocessed ore exports.

August 30, 2012

Huge Shiploads Of Iron Ore Continue To Come Into China And Sit Idly At Ports

Despite weakening demand for iron ore from steel makers on slowing economy and construction works, and very week demand for cotton as the textile industry suffer, China continues to import…

August 30, 2012

Qatar Holding confirms it will vote against Glenstrata next week, shares dive

Qatar’s sovereign wealth fund has publicly said Friday it will vote against the mooted $70 billion merger between Glencore (LON:GLEN) and Xstrata (LON:XTA), which sent shares of both the Swiss…