July 27, 2012 Iron ore’s $120-price floor theory unravels Below $120 a tonne most Chinese producers become unprofitable, but a sustained period below this level may indicate a fundamental shift in the industry.
July 27, 2012 Not convinced Chinese trade is a disaster? Take a look at these shipping numbers Examples: Worldwide orders for dry-bulk vessels dropped 49% to 9.8 million deadweight tons in the first half of 2012. The monthly index of new-ship prices in China is now at…
July 27, 2012 Anglo American disappoints: profits down 40% and Minas Rio delayed another year The global miner joined the ‘disappointing results club’ this morning as the London-listed mining group reported that its first-half operating profit dropped almost 40%.
July 27, 2012 Australia imperils investment appeal as miners attack new tax laws Foreign investors have raised concerns over uncertainty surrounding Australia's mining and carbon tax regimes, with mining companies attacking a government plan to obtain an additional AUD$1.9 billion in taxes via…
July 26, 2012 Ex convicts to fill out job vacancies at Billiton’s Olympic Dam While the Australian government has started allowing miners to hire foreign workers to ease a labour shortage in the country, some companies such as BHP Billiton and Rio Tinto have…
July 26, 2012 Vale the newest casualty of China’s slowdown Brazilian mining giant, Vale SA, became the latest casualty of China's economic slowdown on Wednesday as its second-quarter profit fell almost 60% driven mainly by a weaker demand for iron…
July 25, 2012 Shanghai rebar meltdown: The last time Chinese steel cost this much iron ore was trading at $70 Chinese rebar prices are now 8% lower than October 2011 lows, while iron ore prices remain 5% higher.
July 25, 2012 Cliffs Natural Resources Inc. reports second-quarter 2012 results The company reports year-to-date global iron ore sales volume increases 23% to 19 million tons and revenue of $1.6 billion with net income attributable to Cliffs' shareholders of $258 Million,…
July 25, 2012 Slowdown? What slowdown? Caterpillar’s best quarter in history Caterpillar Inc (NYSE:CAT), the world's largest earth-moving equipment maker, raised its 2012 profit forecast on Wednesday based on its quarterly profit report, which beat by far most of Wall Street's…
July 25, 2012 Atlas Iron on track to double production by end of 2013 Western Austalia's Atlas Iron Limited (ASX:AGO) increased shipments by 25% in the second quarter and is well on its way to doubling production by the end of 2012.
Super Copper’s Cordillera project approved by Chile’s National Mining Authority The concessions cover approximately 6,858 hectares in the Atacama copper belt. December 24, 2025 | 11:24 am
