August 2, 2012

Outer Harbour outta here! When BHP gives up on iron ore growth then you know the mining boom is over

The mining giant is also scaling back or postponing other expensive expansion projects but the pullback in iron ore – by far the Melbourne-based company's most profitable division – is…

August 2, 2012

Rogue Iron Ore intersects 482 meters of 40% total iron at flagship Radio Hill iron ore property

The company has intersected 482 meters of banded iron formation returning 39.9% total iron at the Radio Hill project.

August 1, 2012

Miners will head to Newfoundland or Ontario if Quebec increases royalty rates: KPMG

A study of Quebec's royalty rates for miners, which was hurried out before the provincial election, warned the government not to dip its hand any deeper into resource company pockets.

August 1, 2012

BHP’s performance on the ground fails to lift shares off 3-year lows

The stock hit a high of $50 in May 2008 and came close again in April 2011, but at $170 billion, the Melbourne-based company is now valued at some $80…

August 1, 2012

China’s lower manufacturing reading masks ‘notable rebound’

After adjusting for seasonality, the reading shows that the manufacturing sector is actually improving, thanks to the slew of stimulus measures implemented by the Chinese government.

July 31, 2012

Retreating ice reveals huge riches in Greenland

Business Insider has the story about Greenland and global warming, which is peeling back thick ice and uncovering vast mineral wealth.

July 31, 2012

Dour mining report substantiates warnings of an Australian resource sector slowdown

A report indicating weak sentiment on the part of Australian mining companies would appear to substantiate warnings that Australia's flourishing resources sector is headed for a slowdown.

July 30, 2012

Dud investments the norm for China’s state-owned companies, says former Rio Tinto exec

People should stop worrying about Chinese businesses buying up resource companies in Australia because the Chinese are no good at investing, says former Rio Tinto executive, Michael Komesaroff.

July 30, 2012

Indian miners accuse government of causing artifical iron ore shortage

India’s merchant miners have accused the Indian government of creating an ‘artificial’ shortage of iron ore via the imposition of high export […]

July 29, 2012

Northern Iron says receives rival bid from Prominvest

The new offer from Prominvest was highly conditional and indicative with a cash price of A$1.42 per share, Northern Iron said. That was just above a sweetened A$1.40 per share…