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…

August 20, 2012

Iron ore red alert: China’s steel output could shrink for the first time in 31 years

Given Chinese officials' penchant for painting rosy economic pictures, it is something of a big deal when a state-backed institution such as the China Iron and Steel Association makes such…

August 19, 2012

Glasenberg won’t budge on Xstrata

Glasenberg’s determination to continue with the offer as originally planned comes amid growing signs that Xstrata is more confident of its position on a stand-alone basis.

August 19, 2012

First Karnataka iron ore mine restarts, but export ban stays

The restart of iron ore mining in Karnataka amid multi-year low prices for the commodity is not seen to impact the global seaborne trade in the near-term.

August 18, 2012

Exclusive Analysis: Platinum violence could spread to South Africa’s coal, iron mines – gold safe for now

More than just rivalry between unions, the platinum mine violence in South Africa has implications for the ruling ANC alliance.

August 18, 2012

Ridgemont intersects significant iron mineralization and expands program at Lac Virot

"We are extremely encouraged by these early drilling results, as they appear to confirm our original geologic interpretation of the significant iron mineral resource potential at Lac Virot."