July 21, 2012

China’s Sino Iron mine in Australia just got $2 billon more expensive

The cost of building China's CITIC Pacific’s first iron ore mine in Australia, Beijing’s largest investment in the Aussie mining sector, has increased to a shocking $8 billion.

July 19, 2012

Coal is down and petroleum products are way, way up: US rail traffic totals

Look no further than rail traffic totals to see that the US is ditching coal and embracing natural gas.

July 19, 2012

Iron ore price spirals to 8-month low; traders draw 2008 comparisons

Chinese import prices are now the lowest since November 8 2011, when the steelmaking ingredient was recovering from a crash in October. During that month iron ore shed $60 a…

July 19, 2012

Credit Suisse boosts mining division by luring Morgan Stanley’s top expert

Credit Suisse announced Wednesday it recruited David Hammond, the well-known mining banker from Morgan Stanley, to head up the mining and metals efforts of the Swiss bank worldwide.

July 18, 2012

Goa must clean up mining practices or lose heritage destination

A UK Labour MP has moved an “early day motion” in the House of Commons seeking a debate on mining in the Indian state of Goa, calling upon the British…

July 18, 2012

New Millennium Iron Corp. announces a $38.4 million investment in a deep water dock with the Port of Sept-Iles, a major step towards assuring iron ore market access

The company claims that the $38.4 Million investment in a deep water dock at Port of Sept-Iles, Quebec is a major step towards assuring iron ore market access.

July 17, 2012

Here is China’s Bridge to Nowhere. It also happens to be the world’s longest

Simply put, China has built too much, too quickly.

July 17, 2012

Iron ore falls through $130 as Chinese steel price hits 2012 low

A build-up in steel inventories and a steep drop-off in demand as China's building boom begins to look more and more unsustainable send iron ore down 3.4% in just the…

July 17, 2012

I’ll have mine rare: Chief of $10 billion Chinese Pilbara project now prefers beef over iron ore

Citic Pacific Mining executive chairman Dongyi Hua says "soaring demand for Australian food, particularly beef, among China's 100 million wealthy people could buffer Australia's economy from the effects of an…

July 16, 2012

Mongolia’s new rulers may put world’s richest coal deposit beyond reach

The Democratic Party which campaigned on sharing more of the spoils of mining with Mongolian citizens won the majority of seats while the junior partner in the new ruling coalition,…