February 5, 2012

US job growth ripples to Chinese copper and ore

Nothing is so salutary for the Chinese economy as growth in the United States, and nothing is so good for copper and iron ore prices as a strong Chinese economy.…

February 5, 2012

Top shareholders gunning for Xstrata’s Big Mick, could block deal without premium

The Telegraph reports Chairman John Bond and CEO Mick Davis risk being voted off the board of Xstrata after being accused of negotiating "a cosy stitch-up" with Glencore and that…

February 4, 2012

Major shakeup for WA ports

The WA Government has announced a major shakeup to how the state's industrial ports are managed.

February 3, 2012

“Glenstrata” could flex muscles in iron ore

The $80 billion proposed merger of commodities trader Glencore and Swiss-based miner Xstrata could lead to a fresh round of acquisitions in iron ore, Reuters is reporting today.

February 3, 2012

Minemakers shares soar 20% on acquisition reports

Minemakers (ASX: MAK) shares jumped about 20% today, following media reports that major Indian company NMDC has plans to acquire the company’s Wonarah rock phosphate reserves.

February 2, 2012

Glenstrata: Not just mining’s biggest ever deal, a new kind of resource giant

Glencore International is in talks with Xstrata to merge in a deal that would create a $80 billion rival to BHP Billiton, Vale, Rio Tinto and China's Shenhua. Here's a…

February 2, 2012

BHP splashing $917 million on new iron ore port

BHP Billiton (NYSE:BHP) has approved close to a billion dollars to construct a new port facility in Western Australia.

February 2, 2012

thyssenkrupp to sell Inoxum to Outokumpu for $3.6B

Germany's thyssenkrupp AG said Tuesday, Jan. 31, it will sell its stainless steel unit Inoxum to Outokumpu Oyj for €2.7 billion ($3.6 billion) in cash and shares after gaining clearance…

February 1, 2012

Iron ore billionaire Gina Rinehart is “gonna be the whole shooting match” after raiding media group

The richest woman in the world, Gina Rinehart, on Wednesday dropped $200 million in "loose change" to more than double her stake in Australian newspaper group Fairfax to add to…

February 1, 2012

London Mining makes first shipment from Sierra Leone

Junior miner London Mining’s stocks (LON:LOND) went up almost five per cent today as the company announced two major milestones: the first shipment of iron ore from its Marampa project…