August 24, 2012

India’s Supreme Court raps Karnataka for illegal iron ore export‎

“Shocked” over the magnitude of alleged illegal iron ore exports by private companies in southern India, the country’s Supreme Court said it wants to explore the possibility of punishing the…

August 24, 2012

Iron ore drops into the double digits, lowest in three years

Spot market iron-ore prices dropped again overnight despite news that steel production in China, the biggest iron-ore-consuming nation, continued to rise in early August.

August 24, 2012

BHP chews over ways to expand iron ore production in Australia

The world's number one miner, BHP Billiton, wants to leave the news of its first decrease in annual profit in three years behind by focusing on finding the most lucrative…

August 24, 2012

China’s regional governments unveil 7 trillion yuan in stimulus investments

China's regional governments have unveiled a slew of new stimulus plans over the past two months worth a total of 7 trillion yuan according to Chinese-language news sources.

August 24, 2012

Australian resource minister declares mining boom over, then backtracks

Less than 24 hours after Australia's minister for resources and energy declared that the country's mining boom had come to an end, he appeared saying he was misinterpreted, and that…

August 22, 2012

BHP ditches Olympic Dam as profit tumbles

The world's number one miner, BHP Billiton, has delayed its $30 billion Olympic Dam copper-uranium expansion and said no major projects would be approved until June 2013 as it tries…

August 21, 2012

BHP boss bucks bonus

Marius Kloppers, CEO of mining giant BHP Billiton, has decided to waive his annual bonus in light of a recent forecast in which BHP's revenues are projected to drop 38%

August 20, 2012

Philippine miners duck taxes by selling gold on the black market

Philippine gold production dropped by over half, but the reduction may have more to do with tax policy than actual output.

August 20, 2012

That $110 iron ore price floor: Gone!

Iron ore has only enjoyed three up trading days over the last six weeks.

August 20, 2012

Century Iron announces intention to make normal course issuer bid

The company announced today that it intends to make a bid to purchase certain of its outstanding common shares. As at August 15, 2012 there were 94,864,071 commonsShares issued and…