March 13, 2012

China gives miners another scare as $58 billion monthly swing hands it largest trade deficit in 12 years

MarketWatch quotes  Nomura economist Zhiwei Zhang as saying:  "Overall, economic conditions are getting weaker at a fast pace. The slowdown is happening faster than the government expected."

March 12, 2012

Vedanta weaving nest for migratory children in Nilgiri

In India, a large part of the contract or daily wage labour move from one state to another for want of work.

March 11, 2012

Sundance Resources Limited (ASX:SDL) half yearly report and accounts

The directors of Sundance Resources Limited (ASX:SDL) submit herewith the financial report of Sundance Resources Limited and its' subsidiaries for the half-year ended 31 December 2011.

March 11, 2012

LIM raises $71.6 million to develop iron ore projects in Canada

Anglesey Mining said that its 33% owned associate Labrador Iron Mines has raised CAD 71.6 million to finance the development of its iron ore projects in Canada.

March 10, 2012

Legacy Iron Ore appoints Azure Capital to advise on coal and iron ore acquisitions

The directors of Legacy Iron Ore Limited announced the appointment of Azure Capital Limited (“Azure”) as corporate adviser. Azure’s role will be to assist with the evaluation and acquisition of…

March 8, 2012

Labrador Iron Ore Royalty reports profit down in 2011 compared with 2010

Labrador Iron Ore Royalty Corp. (TSX:LIF.UN) traded lower Thursday after the company reported yesterday a drop in its full-year earnings as iron ore sales slipped.

March 8, 2012

SMX Iron ore futures index trade hits all time high in February

The world‟s first and only global Metal Bulletin Iron Ore (MBIO) Index Futures Contract (SMMBIO) traded on the Singapore Mercantile Exchange (SMX) crossed a volume of 1,479,800 tons in February…

March 8, 2012

Australian iron ore junior pays ASIC fine

BC Iron has paid a $66,000 fine after ASIC accused the West Australian junior of failing to inform the market about a potential suitor's ability to pull-out of a takeover…

March 7, 2012

Vale hunts for local support for its vessels access to China

Brazilian mining giant Vale (NYSE: VALE) has contacted China's second largest container line China Shipping Group to negotiate a way for its very large ore carriers (VLOCs) to dock in…

March 6, 2012

Iron wills may not be enough for Glasenberg and Davis to make it big in the ore business

The big three – BHP, Vale and Rio Tinto – control nearly 70% of the 1 billion tonne annual iron ore seaborne trade and even the combined mining and trading…