March 16, 2012

Kobe Steel to invest $298 million in Southdown iron ore project in Australia

Kobe Steel, Ltd. announces that it reached agreement with trading firm Sojitz Corporation to take a 33% equity share in Sojitz Resources & Technology Pty Ltd, currently a 100% owned…

March 16, 2012

Rio halts iron ore port operations as cyclone nears

Operations at two ports used by Rio Tinto -- Dampier and Cape Lambert -- were winding down, while mining and its rail hauling line remained open, said a spokesman for…

March 16, 2012

AusGroup wins Karara iron ore contract

AusGroup subsidiary AGC Industries has formalised its construction contract with Gindalbie Metals for its Karara iron ore project.

March 16, 2012

Newbridge Capital Inc. Receives TSX Venture Exchange Approval to Acquire the Lomonosovskoye Iron Ore Deposit in Kazakhstan, Completes Private Placement for Gross Proceeds of $24,885,000

Newbridge Capital Inc.CA:NBC 0.00% ("Newbridge" or the "Company") is pleased to announce that it has received TSX Venture Exchange ("TSXV") approval for the Company to complete the share purchase agreement…

March 15, 2012

WA’s main iron ore port closed for cyclone

The iron ore export port of Port Hedland is being evacuated as Tropical Cyclone Lua moves towards Western Australia's Pilbara coast.

March 15, 2012

East China iron mine accident kills 13

Thirteen people had been confirmed dead after a mining capsule fell out of control into a pit at an iron ore mine in Shandong province Thursday, local authorities said.

March 14, 2012

Down but not out, iron ore prices float to 5-week high

Hope for the beleaguered iron ore sector has come in the form of higher prices and signs that steel demand is picking up in China, Reuters reports.

March 14, 2012

Fortescue Metals to raise $US1bn for Pilbara iron ore expansion

Fortescue Metals Group today said it plans to raise $US1 billion ($947.7 million) with a high-yield bond offering to help fund the expansion of its iron ore operations in Western…

March 13, 2012

Big G family feud is bringing the taxman, regulator and lawmakers down on Hancock Prospecting

While the sordid details emerging from the proceedings are humiliating enough there may be some serious financial implications for Gina Rinehart – mining's 4th richest person with a fortune pegged…

March 13, 2012

ABB wins $100 million power orders to boost production at Rio Tinto mines in Australia

ABB, the leading power and automation technology group, has won orders worth around $100 million from Rio Tinto for 17 distribution substations to support increased production at iron ore mines…