June 20, 2012

Brazil’s rejects iron tax but that isn’t the problem

Brazil's lower house mining and energy commission has rejected 10% export tax on all iron ore exported by local miners, but Standard & Poor warns permitting and infrastructure issues are…

June 20, 2012

India ‘condemning’ millions to stay poor, says Lakshmi Mittal

Joining the likes of NR Narayana Murthy and Azim Premji to blame the Indian government for policy inaction, UK-based NRI billionaire LN Mittal has said the country is potentially condemning…

June 20, 2012

Rio Tinto breaks the piggy: $4.2 billion investment to boost its iron ore business

Giant miner Rio Tinto (LON:RIO) continues to build its reputation as the most bullish of the major mining companies after it announced today it will spend $4.2 billion on top-tier…

June 20, 2012

Labrador Iron Mines reports March 2012 year-end results and provides outlook for 2012 mining season

Highlights: completed equity financing for proceeds of $71.6 million, obtained environmental approval for Houston project, signed iron or sales agreement with Iron Ore Company of Canada.

June 19, 2012

Black Iron continues to intersect thick iron bands with grades exceeding 30% with three additional infill holes at Shymanivske

Black Iron reported drill results at Shymanivske iron ore project in Ukraine, infill drilling and the intersection of thick iron bands in each hole with grades greater than 30% iron.

June 17, 2012

End of the supercycle is also spelling the end of radical resource nationalism

"Natural resources companies with a pipeline of, say, five projects in five different countries are now likely to build just two or three of those. Thus, executives have the power…

June 17, 2012

Australia: Mine, all mine

By having too much of a good thing, the argument goes, Australia, or the “quarry in China’s backyard”, has become too dependent on commodity-led growth. That has made it lazy…

June 17, 2012

Largest merchant fleet owner scrapping up to 18% of ore carriers as rates sink 98%

Rates for Capesizes have plunged 98% to just under $4,000 a day from the eye-watering rate of $234,000 set in June 2008 while the Baltic Dry Index which measures overall…

June 17, 2012

African ore warning for Rio, BHP

BHP Billiton's assertion that West Africa was unlikely to emerge as a key source of the world's iron ore has been challenged by a London-based investment bank behind a number…

June 17, 2012

Why I’m buying this global mining giant

Diversified Australian resources company BHP Billiton (NYSE: BHP) has its hands in nearly every commodity that can be pulled out of the ground.