April 29, 2012

Indian economy to grow despite politics over policy paralysis: Lakshmi Mittal

NRI business tycoon Lakshmi N Mittal on Sunday said India's economy will continue to grow despite politics over policy paralysis.

April 29, 2012

Erdemir to start USD 700 million iron ore project

Bloomberg reported that Eregli Demir & Celik Fabrikalari TAS, Turkey’s biggest flat steelmaker, will start USD 700 million investments to develop an iron ore plant by 2016.

April 29, 2012

ArcelorMittal identifies potential to increase production of iron-ore concentrate at ArcelorMittal Mines Canada to 30 million tonnes per annum

ArcelorMittal today announces that a scoping study has identified the potential to utilize ArcelorMittal Mines Canada’s existing infrastructure system and to increase annual production of iron-ore concentrate to 30 million…

April 28, 2012

Vale makes most bullish iron ore comments yet. $180 a tonne anyone?

“There is a new level of prices for iron ore globally,” Tito Martins, Vale CFO tells analysts in a conference call Friday.

April 27, 2012

Mines vs rainforest: Showdown looming in Tasmania

The Australian reports on a potential clash of visions in the Tasmanian rainforest, where 10 new mines are proposed and 58 exploration licences active.

April 26, 2012

Vale’s profits down by almost half – Q1 results

Vale, the second largest mining company, fell to the lowest in over six weeks today, after reporting its third consecutive drop in quarterly profit driven by declining iron-ore prices and…

April 25, 2012

Indian consortium among firms shortlisted for Afghan copper, gold assets

A consortium of Indian firms is among 25 companies shortlisted to invest in new copper and gold deposits in Afghanistan.

April 25, 2012

Rio Tinto finalizes Guinea JV with Chinese aluminum giant

Anglo-Australian diversified miner Rio Tinto announced today it has completed the formation of its joint venture with a group led by China's Chalco, subsidiary of state-owned aluminum giant Chinalco, to…

April 24, 2012

Asteroid miners explain just how they are going to do it

Planetary Resources took the wrapper off the new company that plans to mine asteroids, and the company has half a road map on how to get precious metals out of…

April 24, 2012

Quebec’s booming iron mines

When planning an expansion at the largest open pit mine in Quebec, thinking big is important.