May 10, 2012

Australia’s Northern Iron surges on Indian bid report

India's Aditya Birla group has submitted a non-binding bid for Australian-listed iron ore miner Northern Iron Ltd, a newspaper report said, sending shares of the target firm up 19 percent…

May 10, 2012

Rio Tinto bullish despite Europe woes

Rio Tinto, the world's third largest miner behind BHP Billiton and Vale, is bullish on the demand for commodities despite renewed volatility in Europe and the risk of financial contagion.

May 9, 2012

Rinehart’s latest legal move means her kids probably won’t see a dime of her $18 billion fortune

Except for Ginia of course, the only child who is not suing Gina for control of the family trust.

May 9, 2012

Vanadium: Awaiting energizing

Specialty metals suffer, in many cases, from being either combined with other metals in small quantities to gain relevance or have stand-alone usages that seem obscure or humdrum. In the…

May 9, 2012

Canadian Teck Resources shows renewed interest for the iron ore industry

Canadian miner giant Teck Resources Ltd. (NYSE:TCK, TSX:TCK.B) is interested in entering the iron ore industry and would seek to acquire a producing asset rather than develop a mining project,…

May 9, 2012

Thousands of mining jobs coming to Canada’s Northern Ontario thanks to new chromite project

The Ontario Ministry of Northern Development and Mines announced today that Cliffs Natural Resources will invest $3.3 billion to build a chromite mine, transportation corridor and processing facility in Northern…

May 9, 2012

Collapse in Canadian mining deals in midst of global uncertainty

While 2011 was a near-record year for mining mergers and acquisitions (M&A), with over 2,600 deals worth $149 billion in the global mining sector, 2012 is not looking so good,…

May 8, 2012

New China iron ore exchange trades 242,000 tonnes on first day

A total of 242,000 tonnes of iron ore were traded on the first day of business on China’s first physical iron ore trading platform, China Beijing Mining Exchange (CBMX) said…

May 7, 2012

China wants to take over the world’s largest undeveloped iron ore project

A private group of Chinese magnates is planning to take away Guinea’s Simandou, the world's largest undeveloped iron ore project, from Anglo-Australian mining giant Rio Tinto.

May 7, 2012

New Chinese iron ore trading platform debuts tomorrow

The new China Beijing Metals Exchange (CBMX), the country’s first physical iron ore trading platform is set to debut Tuesday, with the major producers of the commodity BHP Billiton (NYSE:RIO),…