July 4, 2012

Nationalization worries in South Africa, rating agencies may downgrade

On Wednesday, a day after after all three major global ratings agencies – Fitch, Moody's and Standard & Poor's – placed South Africa's credit rating on negative outlook, home affairs…

July 4, 2012

India looking at scrapping 30% iron ore export duty. Could bring 100 million tonnes back onto market

The export surcharge was raised on two occasions last year to 30% to keep ore inside the country for local steelmakers amid a mining ban in the state of Karnataka…

July 4, 2012

India’s Karnataka to approve the re-start of iron mining operations by end-August

Karnataka Mines and Geology Director H R Srinivasa announced Wednesday the government would permit A-Category lease holders of eight iron mines to resume work in August, after they secure clearances…

July 4, 2012

Altius Minerals Corporation (TSX:ALS) announces strategic alliance with Virginia Mines Inc.

Announce today Altius has signed a memorandum of understanding with Virginia mines, the two companies will cooperate on the base-precious metals project in Quebec and southern Labrador .

July 4, 2012

Update on Macarthur iron ore projects

The company has provided an exhaustive list of its 2012 activities: the Ularring projected expansion and environmental assessment as well as the likely additions to the Port of Esperance. VANCOUVER,…

July 3, 2012

The incredible shrinking merger: Glenstrata already worth $35 billion less

Knight Vinke is looking for a ratio of 3.25:1 similar to the demands of Qatar which last week pushed the $60 billion deal to the verge of collapse.

July 3, 2012

India’s iron ore ban reviewed

The two-year old ban, which has effectively halved export from Karnataka, is under review at a meeting in Bangalore.

July 3, 2012

Brazil’s Vale confirms plans to sell euro-denominated bonds

Brazilian mining giant Vale SA confirmed Tuesday its plans to issue euro-denominated overseas bonds.

July 3, 2012

Vale receives preliminary license for S11D iron-ore mining project, an industrial info news alert

The giant Brazilian mining company's project entails the expansion of mining operations and a processing plant at the Carajas mining complex.

July 2, 2012

Private mining firms not welcome in Saranda: Ramesh

Not deviating from his stated position on mining rush, Union Minister for Rural Development Jairam Ramesh on Monday reiterated that private companies were not welcome in Saranda.