February 12, 2012

Chinese miner buys a $25 million stake in Malaysian iron ore mines

Chinese miner, Prosperity Minerals (PMHL.L), announced on Monday a US$25 million investment in Malaysian iron ore mines.

February 12, 2012

Rio Tinto loses appeal on worker agreements

Mining giant Rio Tinto has lost a bid to appeal to the High Court over an employment agreement with its Pilbara iron […]

February 12, 2012

BHP Billiton not ruling out production cutbacks

GLOBAL mining giant BHP Billiton yesterday warned that it could scale back production at unprofitable operations as commodity prices softened due to economic uncertainty. But BHP chief Marius Kloppers said…

February 10, 2012

Iron ore fundamentals just got better: India exports set to drop another 35% this year

Down from 100 million tonnes in 2010, India's minerals industry federation forecasts only 40 million tonnes will be shipped over the next 12 months.

February 10, 2012

$30bn in new steel plant investments in jeopardy – Karnataka

A report submitted by a panel proposing that annual iron ore production in the southern state be capped at 30 million tonnes is expected to impact steel capacity investments the…

February 10, 2012

Century Iron Mines Corporation announces Duncan Lake iron ore project phase II drilling, update

TORONTO, ONTARIO--(Marketwire - Feb. 10, 2012) -

February 9, 2012

Iron ore, check; Indian companies now looking to bid on Afghan copper, gold deposits

After achieving a toe-hold in Afghanistan with the award of a major iron ore contract, Indian companies are turning their attention to the troubled country's copper and gold reserves.

February 9, 2012

Salmon River announces US$2 million loan

Salmon River Resources Ltd. ("Salmon River" or the "Company") (TSX VENTURE:SAL) is pleased to announce that it has entered into a loan agreement (the "Loan Agreement") with Rigdon Limited ("Rigdon"),…

February 9, 2012

Rio Tinto commissioned report highlights automation benefits

A BAEconomics report, commissioned by Rio Tinto to look into the benefits and costs of autonomous technology, has concluded that investment in mining technology and innovation should sustain long-term competitiveness…

February 8, 2012

Loose lips sink ship for the Xstrata boss

The Deutsche Bank and JPMorgan bankers must have been sweating in the London hotel room on Tuesday night where their client, the Xstrata boss Mick Davis, vented his frustration that…