April 12, 2012

Chile’s biggest steel and iron-ore producer to invest US$700 million this year

Chile's Compañía de Acero del Pacífico (CAP) will invest nearly US$700 million this year to develop its iron ore projects in the country, president Roberto de Andraca told reporters attending…

April 11, 2012

Iron ore price hits 6-month high

The price is up more than 27% from lows struck in October last year when the steelmaking ingredient experienced a mini crash.

April 11, 2012

Vale vs IMF: Who are you going to believe?

Using the dismal science to make forecasts and taking risks with real money are two very different things. And the Brazilian giant is definitely putting its money where its mouth…

April 11, 2012

Anglo American to pump $2 billion into Brazil iron project this year

Anglo American Plc (LON:AAL) will spend over US$ 2 billion this year at its Minas-Rio 5.8-billion ton iron ore project in Brazil, the world’s second-largest exporter of the steel-making ingredient.

April 10, 2012

China’s upcoming leadership change

It's not just the United States that will have a potentially major leadership shake up this fall.

April 10, 2012

New report shows resource investors cannot pick a worse spot to put their money than Toronto

Overall, only the stock indices of Spain and Portugal's top companies fared worse than Toronto's S&P/TSX-60. But in the group of resource-heavy exporting countries Canada's stock market came in stone…

April 10, 2012

Vedanta Group says mining ban in India hits iron ore output

London-listed diversified miner Vedanta Resources (LON:VED) announced today a significant drop in its full-year iron ore output, attributed to both a mining ban in India’s southern state of Karnataka and…

April 9, 2012

Glasenberg – 1, Xstrata shareholders – 0

The $2.6 billion Qatari investment could provide Glencore CEO Ivan Glasenberg the necessary backing he needs to push through the deal which many Xstrata shareholders say sell them short.

April 9, 2012

FT: Spain and Portugal on the brink of mining renaissance

TSX-listed Emed Mining hopes to re-open the Rio Tinto copper mines in southern Spain after an almost 30-year hiatus.

April 6, 2012

The ‘lunar trajectory’ of Canadian mining investment

The source of the surge in mining investment has been quite diverse, reflecting the widespread advance in prices. For 2012, gold leads the way with $3.6 billion of capital spending.…