April 5, 2012

FT: ‘Inbred’ miners may admire Hannam, but many not ‘too sad’ to see him go

"Resources groups and the bankers who promote them merit close scrutiny since minerals have been linked in the past with financial scandals and market manipulation, from the nickel bubble that…

April 5, 2012

Nullagine iron ore mine extended by 1.5 years

BC Iron's Nullagine mine in Australia will produce another 18 months thanks to an updated mineral resource at it Bonnie East deposit.

April 5, 2012

Too much of a good thing?

A recent study published by Canberra-based think tank The Australia Institute calls for a slowdown in mining investment.

April 4, 2012

‘Shocking’ trade numbers have some Australians calling the end of the mining boom

The commodity price cycle peaked in the third quarter of last year.

April 4, 2012

Valemax No. 8 has not even loaded its first ore and it’s already worth 36% less than it cost

According to website VesselsValue.com the latest Valemax is worth 36% less than the $107 million the Brazilian iron ore titan paid for it last year because of a "slump in…

April 4, 2012

Iron Ore News Digest has a new look and now out on Wednesdays

If you’re reading this you’re looking at our brand new digest design. The look is cleaner for an improved mobile phone and […]

April 4, 2012

Lack of mining law costs Honduras US$3 billion

Over $3 billion and near 15,000 job positions. That is the cost to Honduras, the third poorest country in the Western Hemisphere, as a result of a lack of rules…

April 4, 2012

‘King of mining’ to appeal charge of market abuse

Ian Hannam, better known as the "king of mining" after advising on some of the biggest deals in the past two decades, including BHP's London listing through its merger with…

April 4, 2012

No iron ore buying rush seen when China reopens

Physical iron ore traders say they don't foresee a rush of buying from Chinese steel mills tomorrow when the market reopens after a three-day break, with a blurry demand outlook…

April 3, 2012

ABB wins $32 million mine hoist upgrade order in Sweden

ABB, the leading power and automation technology group, has won a $32 million order to revamp four mine hoists for LKAB’s new main haulage level in its Kiruna iron ore…