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…

February 1, 2012

Century Iron Intersects 45 Metres of 62.67% Total Fe at Lac La Fer in Hole LLFP3-11-004 Which Ended in Mineralization at 54 Metres

CENTURY IRON MINES CORP. (TSX:FER) ("Century Iron" or the "Company") is pleased to announce new assay results which tested a Direct Shipping Ore ("DSO") target as part of the 2011…

January 31, 2012

Iron ore hits a wall

After staging an impressive comeback from October's lows, the rally in iron ore prices seems to have run out of steam.

January 30, 2012

Australia dumps trucks: Nov-Dec mining machinery imports dropped 62%, suggesting no-one’s immune

Australia's mining machinery imports fell 62% in November and December, the biggest fall since the global financial crisis, according to one of the country's largest freight forwarders of heavy equipment.

January 30, 2012

Warning on ore cargoes and liquefaction

The Association refers to its previous warnings on the dangers of bulk cargo liquefaction problems, mainly arising from the carriage or mineral ore cargoes. The recent loss of two vessels,…

January 29, 2012

Snubbed by China, Vale diverts $100 million worth of iron ore cargoes to Philippines

Vale SA is diverting iron ore shipments to the Philippines as a way of shipping its product to China, as the Asian economic powerhouse continues to resist super-sized vessels destined…

January 28, 2012

Oman mining and quarry sector poised for growth

Tiny Oman, the Sultanate perched on the southeast tip of the Arabian peninsula, is setting up for a quantum leap in mining, the Oman Daily Observer reports in an article…

January 28, 2012

Vale gets licence to mine high-grade iron ore pit at Carajas mine

Brazilian miner Vale SA is granted an operation license to mine a high grade iron ore pit at Carajas in north Brazil.

January 27, 2012

Forget gold, IRON ORE is the story of the decade

On the last day of Roundup, Vancouver's mining showcase, Sandy Chim CEO of Canada's Century Iron Mines, flashed a few slides about China, India and the iron ore market that…