September 14, 2012

Rio Tinto CEO: China steel production to reach 1 billion metric tons by 2030

Rio Tinto CEO Tom Albanese told reporters in Beijing that the company is optimistic about China's long-term steel production, predicting that Chinese steel output will increase by 40% to reach…

September 14, 2012

Verdict on massive Nunavut iron ore mine imminent

Baffinland's controversial and massive Mary River iron ore mine in the Qikiqtani Region of Nunavut —almost 500 kilometres inside the Arctic circle— continues to polarize residents as the $4 billion…

September 14, 2012

Alrosa sells 51% in Timir iron ore project to Evraz

Russia’s state-owned diamond company Alrosa said its board approved the sale of 51% of its Timir iron-ore unit in Siberia to Evraz Plc (EVR), the steelmaker part-owned by mining billionaire…

September 14, 2012

Iron ore price plunge: Twiggy’s problem opens gap for Gina

Fortescue's troubles have led to speculation that it is now a firm takeover target.

September 13, 2012

Not only are commodity prices diving – Canadian CEO bonuses have shrunk too

CEOs are getting — on average — 31% less this year.

September 13, 2012

Mini iron ore rally melts away

World number one producer Vale says the market will remain stuck in a period of significant volatility until China reduces its stockpiles.

September 13, 2012

Vale to postpone developmental projects

Vale said it will delay projects in the conceptual phase of development as the company copes with the economic climate.

September 13, 2012

Mining jobs in Australia fall for first time in three years

Who said the boom was not over?

September 13, 2012

‘Eastwooding’ space miners pitch ideas to ‘invisible Obama’

No U.S. president has waxed as poetically about mining the moon the way John F. Kennedy did about landing on it. But that didn't stop four entrepreneurs from making their…

September 13, 2012

More coal mining jobs axed in Australia; Vale joins BHP and Xstrata

Brazilian mining giant Vale has followed the gloomy trend set by BHP and Xstrata by announcing it will lay-off workers at its coal operations.